Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 


Inland Revenue releases adverse events research

MEDIA RELEASE

4 February 2013

Inland Revenue releases adverse events research

The Christchurch rebuild depends on a well-working tax system, so Inland Revenue has undertaken research to examine the impact of the earthquakes on small and medium businesses.

Commissioner Naomi Ferguson said the research will help Inland Revenue improve its ability to help small and medium businesses (SMEs) meet their tax obligations. More than 1600 businesses and 100 tax agents were surveyed between April and July 2012.

“The findings showed that businesses are spread across different stages of recovery from ‘not trading’ to ‘fully recovered’.”

“Despite some very tough conditions for many businesses and individuals in the last two years, 90 per cent of those surveyed accepted responsibility for paying tax.”

Ms Ferguson said this approach would help Christchurch recover from the earthquakes.

“We recognise there is still work to be done to support businesses as they recover from the earthquakes.

“While this is a concern, it is important to recognise that the local business environment remains tough, and that we continue to do all we can to help customers file their returns and get back on track,” Ms Ferguson said.

“Anyone who is having difficulty meeting their obligations should talk to us as soon as possible.”

Tax agents and SMEs were generally positive about the assistance and support that Inland Revenue offered, which included waiving of penalties, payment arrangements and extensions of time.

Inland Revenue’s research will follow businesses as they recover from the earthquakes. The learning from the research will help Inland Revenue develop response strategies, and will help the government develop a collective view of the key issues facing Canterbury.

Exploring the impact of adverse events on SME tax compliance behaviour is available on Inland Revenue’s website at: http://www.ird.govt.nz/news-updates/campaign-r-and-e-adverse-effects-report.html?id=homepage

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Parliament Today:

Werewolf: The Defence Pretence

Last year, the world began spending more money on weapons again, for the first time since 2011... New Zealand belongs to a region – Asia and Oceania – where military spending rose sharply in 2015, by 5.4 per cent. More>>

ALSO:

Gordon Campbell: On Not Crying Foul, Argentina

So a couple of guys found to be criminally liable of environmental pollution in Argentina lodge an application with the Overseas Investment Office… in order to buy some prime New Zealand rural land. Seems that their factory back home had carelessly and/or intentionally discharged toxic waste into the Lujan river. Bummer... More>>

ALSO:

Urban & Rural: $303m To Merge And Modernise New Zealand’s Fire Services

Internal Affairs Minister Peter Dunne today announced funding of $303 million over five years to combine urban and rural fire services into one organisation from mid-2017. More>>

ALSO:

High Trust Regime: What Did The PM Tell His Lawyer About Foreign Trusts?

The Government stopped the IRD from reviewing New Zealand foreign trusts shortly after the Prime Minister’s lawyer wrote to the Revenue Minister claiming John Key had promised him the regime would not be changed. More>>

ALSO:

Road Crime: Wicked Campers Vans Classified As Objectionable

The definition of publication includes any "thing that has printed or impressed upon it, or otherwise shown upon it, 1 or more (or a combination of 1 or more) images, representations, signs, statements, or words", The Classification Office has previously classified such 'things' as billboards, t-shirts, and even a drink can. This is the first time the Classification Office has classified a vehicle. More>>

ALSO:

'When New' Repairs: Landmark EQC Settlement

The Earthquake Commission has cut a deal with 98 Canterbury homeowners that affirms the government entity's responsibility to repair earthquake-damaged property to a 'when new' state, as well as covering repairs for undamaged parts of a property and clarifying its position on cash settlement calculations. More>>

ALSO:

Gordon Campbell: On Kiwirail’s Latest Stint In The Dogbox

The denigration of Kiwirail continues. The latest review (based on a 2014 assessment) of the options facing the company have enabled Kiwirail to be hung out to dry once again as a liability and burden on the taxpayer. More>>

ALSO:

Royal Society Report: Good Opportunities To Act Now On Climate Change

There are many actions New Zealand can and should take now to reduce the threat of climate change and transition to a low-carbon economy, a report released today by the Royal Society of New Zealand finds... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Politics
Search Scoop  
 
 
Powered by Vodafone
NZ independent news