<strong>Date of Effect:</strong> 18/07/2023<br/><strong>Reason:</strong> 40-15(1)(b) company no longer meets registration requirements[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><li>30-10(2) - You must comply with the taxation laws in the conduct of your personal affairs</li><li>30-10(14) - You must respond to requests and directions from the Board in a timely, responsible and reasonable manner</li><li>20-5 Eligibility for Registration</li></ul><br/><strong>Registration requirement not met:</strong> <ul><li>20-5(3)(a) Company has ceased to meet registration requirement that each director is a fit and proper person</li></ul><br/><strong>Explanation:</strong> Verkaye Pty Ltd<br>On 19 January 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the tax agent registration of Verkaye Pty Ltd. The TPB found that the company breached subsections 30-10(2) and 30-10(14) of the Code of Professional Conduct (Code) in the Tax Agent Services Act 2009 (TASA).<br>The TPB found that the company breached the Code by:<br>1. Failing to comply with the taxation laws in the conduct of its personal affairs by failing to pay, or otherwise enter into an approved payment plan with the Australian Taxation Office (ATO) to pay, outstanding Superannuation Guarantee Charge (SGC) liabilities of $301,508.76; and<br>2. Failing to comply with the terms of an order issued to the company by the TPB which required the company to pay its outstanding taxation debts in full or enter into payment arrangement(s) approved by the ATO to pay the debts.<br>The TPB determined that the company ceased to meet the tax practitioner registration requirement that each director of the company is a fit and proper person on the basis that the company’s director (Raymond John Carty) ceased to meet the tax practitioner registration requirement that he is a fit and proper person and the company failed to address its outstanding taxation obligations despite a previous TPB order. <br>In deciding to terminate the company’s tax agent registration, the TPB noted that although the Company’s lodgements were up to date, and the education order for its director, Mr Carty, had been complied with, this could not mitigate the prolonged failure to address the outstanding taxation obligations or failure to comply with the Board’s Order. The TPB noted it has an objective to protect and maintain the integrity of the registered tax practitioner profession and that a practitioner’s attention (or lack thereof) to personal tax obligations and their dealings with regulators, demonstrates their ability to represent the tax affairs of their clients.<br>