Advisory Panel to assist with GST change
Dunne: Advisory Panel to be set up to assist with GST change
Revenue Minister Peter Dunne has announced the establishment of a private sector GST Advisory Panel to help businesses and the Government implement the GST increase announced in Budget 2010 yesterday.
“The panel will act as a conduit between businesses and the Government with a dedicated website and 0800 number to be set up to deal with queries and comments from businesses as they move their systems to the new rate,” Mr Dunne said.
“The panel will also be able to advise businesses on any common concerns,” Mr Dunne said.
“It will have an important role in working with Inland Revenue to ease businesses’ transition to the new 15 percent rate on 1 October,” he said.
“The panel will monitor how business is dealing with the change so the Government is aware of particular issues they may face in recording and charging GST at the new rate by the due date.
“It is crucial that the Government hears about any issues promptly so they can be addressed,” he said.
“The panel will also advise the Government on concerns for particular industries, activities or types of transaction related to the GST rate increase,” Mr Dunne said.
Members of the GST Advisory Panel are:
• Frank Owen (Chair), Retired Accountant.
• David McLay, Tax Barrister.
• Craig Macalister, Tax Director, Institute of Chartered Accountants.
• Phil O'Reilly, CEO, Business New Zealand.
• Karen Radford, Director, New Zealand Retailers Association.