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Government GST U-Turn

Government GST U-Turn

The Taxpayers’ Union is welcoming Revenue Minister Todd McClay’s announcementof a Government U-turn in relation to requiring bodies corporate to register for GST.Taxpayers’ Union Executive Director, Jordan Williams, says:

“We’ve been calling for these changes since Mr McClay announced this unfair and un-signalled rule change in June last year. At the time we criticised the way the Minister was making tax law by press release with his promise of backdating enabling legislation.”

“While we welcome today's announcement, these sorts of policy u-turns are inevitable when significant changes to tax policy are made without public consultation.”

In June the Taxpayers’ Union was joined by the former Deputy Commission of IRD, Robin Oliver and tax specialist Mike Shaw in calling for this change. The original comments are available here with Messrs Oliver and Shaw’s comment available here.

ENDS

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