Unsure how the Penny and Hooper Supreme Court decision 24 August 2011 might affect you?
We have welcomed the Supreme Court decision in the Penny and Hooper Case. The decision helps to clarify the law in the area of tax avoidance and we're carefully working through the implications.
If you're unsure of your tax obligations or need advice on structuring your income arrangement or business entity then you can contact us or your tax agent.
We've considered the decision and public concerns about how we will respond. The Revenue alert RA 11/02 published after the Supreme Court's decision sets out the department's position.
Read the Revenue alert RA11/02
Find out more about tax schemes and aggressive tax planning
Find out more about "Our Compliance Focus 2011-12"
Date published: 02 Sep 2011
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