Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

New simplification to tax system

Refunds arising from Housekeeper and Donation Rebates will be direct credited to taxpayers' bank accounts (except in certain circumstances) from April 1, Finance and Revenue Minister Michael Cullen announced today.

The change was approved by the Governor-General through an Order in Council this week.

"This measure follows another tax simplification initiative which, also from 1 April, removes the requirement for the majority of salary and wage earners to furnish annual returns of income," Dr Cullen said.

The Housekeeper and Donations rebates will now be able to be claimed in the absence of a return of income, on a new form being introduced for that purpose. A bank account number into which the refund will be direct credited will need to be specified on that form.

"The compulsory direct crediting of refunds will benefit taxpayers by eliminating time delays associated with the postal system and costs relating to the banking of cheques. Inland Revenue will shortly begin an advertising campaign to advise the public of the new procedures.

"The compulsory direct crediting of refunds will be gradually extended to other tax types, by means of progressive Orders in Council," Dr Cullen said.

Contact: David Carrigan [IRD adviser, Dr Cullen's office] 471-9728


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

America's Cup: Environment Court Grants Consents

Auckland Mayor Phil Goff says, “I welcome today’s decision by the Environment Court to grant consent for the bases and associated infrastructure to host the 36th America’s Cup." More>>

ALSO:

Medical: New Surgical Mesh Safeguards

The Government has introduced strict new safeguards on the use of surgical mesh that are expected to limit its use in urogynaecological surgery. More>>

ALSO:

Handley Handling: Fired Chief Technology Officer Releases Communications

In the interests of drawing a line on this issue, today I am releasing a detailed timeline of events and all of the emails and texts between myself and Clare Curran, and myself and the Prime Minister about the role and my move back to New Zealand. More>>

ALSO:

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels