The ATO will take strong actions against false clothing and laundry work-related expense claims this tax time. Six million taxpayers claimed clothing and work-related laundry expenses in 2018 and the ATO is concerned about the number of people claiming deductions for conventional clothing. The ATO reminds taxpayers that an official dress code, including requirements for retail workers, does not qualify as a uniform and has issued a guide to assist taxpayers.
Taxpayers who cannot substantiate their claims should expect them to be refused and may be penalised for failing to take reasonable care when submitting their tax return.
This document contains general advice only and is prepared without taking into account your particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should speak to a licensed financial advisor who should assess its relevance to your individual circumstances. While The Field Group believes the information is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the corporations Act 2001.