In addition to the existing focus areas, the ATO has identified two new focus areas for compliance with the JobKeeper extension.
• Actual decline in turnover test
• Claiming the incorrect higher tier rate of JobKeeper payment.
The additional actual decline in turnover test must be satisfied to access JobKeeper payments for fortnights from 28 September 2020. The ATO will be monitoring entities with apparent irregularities in their current GST turnover for the September 2020 or December 2020 quarters and unusual amendments to business activity statements. Entities are also required to determine the payment tier that applies for each eligible individual when claiming the JobKeeper payment from 28 September 2020. The ATO will be monitoring entities claiming at the higher rate and may request verification of the 80-hour threshold assessment or supporting documentation.
From CAP TAX News – 29 October 2020 / Edition 42