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

 


Tax survey to give hard data on costs

29 September 2004

Tax survey to give hard data on costs

Over five and a half thousand letters have been sent out to small and medium-sized businesses (SMEs) this week to gauge the cost of complying with tax obligations.

"Making life easier for SMEs is the reason we are doing one of New Zealand's most comprehensive tax surveys," Associate Revenue Minister David Cunliffe announced today.

“As part of the government’s tax simplification programme, 5600 small and medium-sized businesses (SMEs) will be invited to take part in a major survey commissioned by Inland Revenue to find out how much effort they put into filing tax returns,” Mr Cunliffe said.

The research will provide hard data for developing and evaluating government proposals for tax simplification for SMEs, which will allow for better policy-making. The survey will cover income tax, GST, PAYE and FBT, and a full range of SMEs. Inland Revenue has consulted with the Institute of Chartered Accountants and Business NZ to make sure the approach is right.

"The survey will allow the government to set a base for improving the system and evaluate the benefits of changes already under way," said David Cunliffe.

An example of a such a change is the idea, put forward last year in a discussion document on ways to make tax easier for small businesses – offering a 6.7% discount for self-employed people who make voluntary payments of income tax in their first year of business, to reduce the strain of paying two years’ tax in their second year of business. That change is now before Parliament and is likely to be enacted by the end of the year.

Other ideas set out in the discussion document, such as aligning provisional tax and GST payments and allowing businesses to base provisional tax payments on GST turnover, are undergoing further consultation and will benefit from the information that emerges from the survey.

“The survey is part of the government’s continuing commitment to making it easier for smaller businesses to cope with the tax side of business."

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news