- Description
-
In recent years, the ATO has worked with community groups, industry representatives and tax practitioners on a range of activities. These activities are aimed at maintaining the integrity of the tax system, encouraging and improving record keeping practices among businesses, and reducing compliance costs for businesses. Providing industry benchmarks in the form of financial ratios and activity statement ratios is one such activity.
In providing benchmarks, the ATO aims to have a more direct impact on taxpayer behaviour before tax returns are prepared and lodged.
The benchmarks help tax advisers identify averages for groups of activities and, therefore, businesses that vary significantly from those averages. Tax advisers can use this information to determine the reasons for any variation and identify action that should be taken to correct problems and improve business practices – in particular, those related to record keeping.
The business community and business owners generally use benchmarks to compare the performance of their business with industry averages. The business community may also use these ratios when evaluating job tenders. The gross profit and net profit ratios of a business compared to the industry average may be one factor taken into account in deciding whether a particular tender is successful.
These detailed tables contain expenses to sales ratios, wages to sales ratios, and net GST paid to sales ratios for business activity/industry.
Each of the activity statement ratio tables is divided into two parts:
- Part A fine industry groups (three digit)
- Part B fine industry classes (five digit).
- Download
-
- 00268761.htm&page=29&H29 (Other) 0.00KB - 337 hits
- Date Published
- 7 April 2011
- Date Updated
- Not specified
- Update Frequency
- Not specified
Dataset Information
- data.gov.au Category
- Business, Community, Employment, Finance, Geography, Industry, Society
- Keywords / Tags
- 1001, BAS, benchmarks, business, capital, CGT, codes, company, compliance, cost, data, debts, excise, FBT, file, Fuel, fund, gains, GST, GST (Goods and services tax), HELP, Individual, Individuals, Net tax, partnerships, PAYGI, PAYGW, post, postcodes, prescribed private funds, ratio, ratios, sample, schemes, statistics, Stats, Superannuation, Taxation, Taxation statistics, taxstats, trust
- Licence
- Creative Commons - Attribution 3.0 Australia (CC BY 3.0)
- Permalink
- http://data.gov.au/2836
Contributing Agency Information
- Agency
- Australian Taxation Office (View all datasets from Australian Taxation Office)
- Jurisdiction
- Commonwealth of Australia
- Agency Program
- Taxation Statistics 2008-09
Dataset Coverage
- Temporal Coverage
- 2008-09 Financial Year
- Geospatial Coverage
- Australia
- Granularity
- Not specified
