The Tax Institute welcomes the opportunity to make a submission to the Australian Taxation Office in relation to the Draft Miscellaneous Taxation Ruling MT 2018/D1 Miscellaneous Tax: time limits for claiming an input tax or fuel tax credit (Draft Ruling).
The Tax Institute strongly recommends adopting the Alternative view', rather than the view adopted by the Commissioner in the Draft Ruling. The view adopted in the Draft Ruling leads to arbitrary and unfair outcomes, and perversely encourages taxpayers to adopt aggressive input tax credit claims in order to protect their entitlements.
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