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

 


Tax rules simplified for school board trustees

14 March 2002 Media Statement

Tax rules simplified for school board trustees


The government will legislate this year to simplify the tax requirements for fees paid to school board trustees, Revenue Minister Michael Cullen announced today.

"Trustees play a very valuable role in the community. As partial recompense for the time and effort they put in, they are paid a small fee or honorarium which often does not even cover their expenses.

"For tax purposes, fees amounting to less than $605 a year for trustees and $825 a year for chairpeople are not treated as income, so are not taxed.

“However, the law still requires them to file a tax return in relation to these fees, even though they may not have to file a return for anything else.

"To remove this unnecessary hassle and the associated compliance costs, the government plans to remove the legal requirement for trustees to file tax returns in these circumstances.

“Furthermore, I have asked the Finance and Expenditure Committee to expedite the issue by including the amendment in the December tax bill now before Parliament so that it can apply from the current income year instead of from 2002-03,” Dr Cullen said.

ENDS


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Gordon Campbell: On Our Posturing At The UN

In New York, Key basically took an old May 2 Washington Post article written by Barack Obama, recycled it back to the Americans, and still scored headlines here at home… We’ve had a double serving of this kind of comfort food. More>>

ALSO:

Treaty Settlements: Bills Delayed As NZ First Pulls Support

Ngāruahine, Te Atiawa and Taranaki are reeling today as they learnt that the third and final readings of each Iwi’s Historical Treaty Settlement Bills scheduled for this Friday, have been put in jeopardy by the actions of NZ First. More>>

ALSO:

Gordon Campbell: On The Damage De-Regulation Is Doing To Fisheries And Education, Plus Kate Tempest

Our faith in the benign workings of the market – and of the light-handed regulation that goes with it – has had a body count. Back in 1992, the free market friendly Health Safety and Employment Act gutted the labour inspectorate and turned forestry, mining and other workplace sites into death traps, long before the Pike River disaster. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news