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

 


Job done for Rewrite Advisory Panel

Job done for Rewrite Advisory Panel

Revenue Minister Todd McClay has announced that the Rewrite Advisory Panel is likely to have completed its work and will therefore be disestablished by the end of 2014.

Mr McClay says the Panel has achieved what it set out to do and would complete its work after considering final submissions.

“Over the years the Rewrite Advisory Panel has done a fantastic job to ensure our tax legislation remains consistent with the intention of drafting tax law that is clear enough for taxpayers to understand it,” Mr McClay says.

The Rewrite Advisory Panel comprises representatives from the New Zealand Institute of Chartered Accountants, the New Zealand Law Society, Inland Revenue, and an independent Chair.

The Panel was initially set up in 1995 to help with the progressive rewrite of New Zealand’s income tax law in plain-English. In 2004 the Panel’s role was extended to help deal with any unintended legislative consequences arising from the rewrite process.

“So far the Panel has completed 176 public submissions on unintended legislative changes, with approximately 80 per cent being recommended for legislative correction. A further 500 minor amendments have also been agreed to.”
“People who want their suggestions about unintended legislative changes to be considered by the Panel should submit them by 31 July 2014.”

Later submissions will be administered by Inland Revenue as part of its normal remedial tax work programme.

“I am grateful for the work of the Panel members, their current Chair, David McLay, and past Chairs Colin Blair and Sir Ivor Richardson, for providing an effective vehicle to deal with the remedial issues that have arisen as a result of the rewrite of tax law.

“Inland Revenue will be continuing its consultations with the New Zealand Institute of Chartered Accountants and the New Zealand Law Society on the best way to proceed with future submissions,” Mr McClay says.

Further information on the Rewrite Advisory Panel and its work can be found at www.rewriteadvisory.govt.nz.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news