We have plenty to do to optimise the use of our data and analytics assets. This will be essential to IR being able to undertake more activities that enable and enforce compliance—see deeper into the economy, reach more people, prevent wrongdoing upfront, swiftly conclude with compliant customers and turn data insights into sustainable, repeatable actions.
Among other work to continuously improve our ability to protect integrity and detect fraud, we are establishing rules for the new FamilyBoost scheme in our systems, improving our ability to identify GST on property transactions and refining existing tools.
One existing tool, GST Integrity Manager, uses a model to analyse patterns and predict behaviours in relation to GST compliance. It scans every GST credit return as they are filed by customers and assesses its level of risk. We have improved the model this year, enhancing its ability to identify high-risk returns.
IR receives approximately 7,000 anonymous tip offs a year from the public, many relating to cash activity and income suppression. Anyone can report a potential tax evasion or fraud online at our website, or by writing or calling a dedicated anonymous phone line at 0800 225 610.