ATO data matching program - ride sourcing
The ATO has advised that it will be collecting data to identify individuals engaged in providing ride-sourcing services during the 2016/17 and 2017/18 financial years.
Details of payments to ride-sourcing providers from identified accounts held by ride-sourcing facilitators with various financial institutions will be requested for the relevant years. Ride sourcing facilitators provide an electronic platform enabling members of the public to engage the services of a ride sourcing provider (a driver).
“The ATO will be collecting ride-sourcing payment data to identify individuals engaged in providing ride-sourcing services for the relevant financial years.”
The ATO will obtain the following data items:
- Payee account name
- Payee BSB
- Payee account number
- Date of payment to the payee
- Amount of payment to the payee
It is estimated the ATO will obtain records relating to up to 60,000 individuals.
The ATO have stated that the purpose of data matching is to ensure that taxpayers are correctly meeting their taxation obligations in relation to ride sourcing payments.
These obligations may include: registration, lodgment, reporting and payment responsibilities.
If you have any questions or enquires, please contact:
Norman Ruan
Accountant
T: 02 9984 7774
E: normanr@northadvisory.com.au
Martin van der Saag
Director
T: 02 9984 7774
E: martinv@northadvisory.com.au
“The purpose of the data matching is to ensure that taxpayers are correctly meeting their taxation obligations in relation to ride-sourcing payments, including registration, lodgment, reporting and payment responsibilities.”
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Key Takeaways
The ride-sourcing data-matching program enables the tax office to collect payment records for individuals providing ride-sourcing services.
This is to identify people who need to comply with tax and super obligations.
Payment data collected includes details like payee name, bank details, date of payment and amounts received.
These elements help the ATO identify income sources accurately.
The program helps the ATO check whether ride-sourcing providers are registered correctly and filing returns as required.
Ensuring compliance with registration and lodging obligations improves the integrity of the tax system.
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Frequently Asked Questions
What is the ATO’s ride-sourcing data-matching program?
It is a program where the tax office collects and matches payment data from ride-sourcing facilitators (platforms) to identify individuals providing ride-sourcing services, so it can check whether they are meeting their tax obligations.
What sort of data does the ATO collect through this program?
The ATO obtains payment details provided to drivers, such as payee name, bank account information, payment dates and amounts, to build a picture of income received from ride-sourcing services.
Why is the ATO collecting ride-sourcing data?
The purpose is to help ensure compliant reporting of income, as well as meeting registration and lodgment requirements for tax and superannuation, especially for those earning through ride-sourcing.
Who might be identified through this data matching?
Individuals who provide ride-sourcing services for platforms (for example, drivers who use apps to carry passengers for payment) may be identified if their data appears in the collected records.
What are the ATO’s intentions once the data is collected?
The information may be used to notify providers about their obligations, assist with education campaigns, improve voluntary compliance and may inform selection for further review or compliance activity if necessary.
What specific details will the ATO obtain about payments to drivers?
The ATO will obtain details such as: payee account name, BSB, account number, payment date, and payment amount.
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