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

 


Customs audits recover $38 million

Hon Nicky Wagner

Minister of Customs

18 July 2014 Media Statement
Customs audits recover $38 million

Customs Minister Nicky Wagner says $38 million in additional revenue has been collected by Customs in the past financial year following risk-based audits of import and excise entries.

Customs’ trade assurance arm works to verify that import and export entry data is accurate and to ensure correct revenue is collected. It has an annual target of collecting $15 million in short paid revenue.

“The results from the past year show the systems Customs has in place are working very well.

“Conducting these audits is vital as Customs collects $11.7 billion dollars in revenue for the government through duties on imported goods, and excise duty on fuel, tobacco and alcohol products,” Ms Wagner says.

Customs aims to make compliance easy to achieve and hard to avoid, and works closely with traders to encourage voluntary compliance.

“Findings from the audits also shows the quality of data submitted by importers and exporters significantly improved when compared to the previous year, showing Customs initiatives to make it easier to submit data, and improve data integrity are paying off,” Ms Wagner says.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Gordon Campbell: On The IOC’s Treatment Of Russian Sport, And Lone Wolf Terrorism

A blanket ban on Russian athletes would also have exposed the IOC to criticism that its treatment of Russia would have been marked contrast to its treatment say, of the track and field team from Kenya – a country about which the IOC has very similar doping concerns. More>>

ALSO:

Sounds Like A Plan: Auckland Council Receives Unitary Plan Recommendations

A key milestone in New Zealand planning history was reached today when the Independent Hearings Panel delivered the reports containing its recommendations on the Proposed Auckland Unitary Plan. More>>

ALSO:

National Park Expansion: Forests And Coast Of Kahurangi Protected

Five parcels of high value land totalling more than 890 hectares have been formally gazetted as part of the National Park. More>>

ALSO:

PPP Go-Ahead: SkyPath Gets Unanimous Support

Auckland’s SkyPath project has been given the go-ahead to be delivered through a public private partnership, after a unanimous decision at today’s Finance and Performance Committee. More>>

ALSO:

Gordon Campbell: On The Reserve Bank, The UN Shortlist, And Trump

Can there really be there any link between the US presidential elections and yesterday’s RBNZ signals on interest rates and the NZ dollar? Well, maybe. And it would be this: the improving US economy is reportedly putting a tailwind behind the US dollar, and rendering the actions of our Reserve Bank virtually irrelevant. More>>

ALSO:

Gordon Campbell: On What John Key Should Be Asking Joe Biden

No doubt, US Vice-President Joe Biden will be updating Prime Minister John Key on the chances of a TPP vote taking place in the ‘ lame duck’ session of Congress that’s held between the November’s election and the inauguration of a new President in January. More>>

ALSO:

Make NZ Make Again: Greens Will Establish A Minister For Manufacturing

The Green Party announced today that it will establish a Minister for Manufacturing in Cabinet, to better represent the interests of manufacturers and ensure they thrive. The Minister will be inside Cabinet and have responsibility for the long-term interests of the manufacturing sector. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news