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Revenue

Associated Ministers

13 April, 2015

GST gets faster and easier with new mobile app

Revenue Minister Todd McClay says Inland Revenue’s new mobile app is simplifying GST filing for small businesses and, already, 7,270 people have downloaded it.

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1 April, 2015

Tax collection on employee share schemes examined

Revenue Minister Todd McClay has welcomed the release this week of an Inland Revenue officials’ issues paper that seeks feedback on options to simplify the way tax is collected from employees participating in employee share schemes.

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31 March, 2015

Address to Wellington Employers’ Chamber of Commerce on the launch of Inland Revenue’s Business Transformation

My thanks to the Wellington Employers’ Chamber of Commerce for providing this opportunity to talk to you.

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31 March, 2015

Tax modernisation programme launched

Revenue Minister Todd McClay today released the first two in a series of public consultations designed to modernise and simplify the tax system.

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30 March, 2015

NZ ICT sector thanked for work on IRD transformation

Revenue Minister Todd McClay has thanked the New Zealand ICT sector for their collaboration with Inland Revenue on the modernisation and simplification of New Zealand’s tax system.

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26 March, 2015

KiwiSaver HomeStart Bill passes

Building and Housing Minister Dr Nick Smith and Revenue Minister Todd McClay today welcomed Parliament’s passage of the Taxation (KiwiSaver HomeStart and Remedial Matters) Bill, which will allow eligible KiwiSaver members to access more of their KiwiSaver funds to purchase their first home.

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13 March, 2015

McClay to travel to Singapore and Australia

Revenue, SOE and Associate Trade and Foreign Affairs Minister, Todd McClay will travel to Singapore and Australia from16-21 March to help foster ties and grow New Zealand’s technology sector.

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13 March, 2015

Address to IFA Annual Conference, Queenstown

Following last year’s General Election I am pleased to have retained the Revenue portfolio. Actually rightly or wrongly, I asked to be able to retain it - and I look forward to working with you once again as Minister of Revenue.

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6 March, 2015

Opening Address to ATAINZ Tax Conference

Taxation is a necessary part of society as long as government is required to provide services such as health and education, police and defence, conservation and civil defence.

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28 February, 2015

Information-sharing on student loans welcomed

Tertiary Education, Skills and Employment Minister Steven Joyce and Revenue Minister Todd McClay have welcomed the announcement of an arrangement that will see Australia and New Zealand share data to assist New Zealand to recoup unpaid student loans of defaulters in Australia.

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26 February, 2015

Pragmatic answer to GST for bodies corporate

Bodies corporate will no longer be required to register for GST following the introduction today of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill, Revenue Minister Todd McClay says.

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24 February, 2015

Debt-remission consultation taxpayer friendly

Minister of Revenue Todd McClay has said that a consultation paper seeking public feedback on tax rules for related parties’ debt remission will lead to greater certainty and fairness for tax payers.

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12 February, 2015

Tax relief for drought-affected Southern farmers

Revenue Minister Todd McClay today welcomed Inland Revenue’s decision to exercise its income equalisation discretion to help provide relief for drought-affected farmers in the eastern South Island. Mr McClay’s comment follows the declaration of a medium-scale adverse event by Primary Industries Minister Nathan Guy this afternoon.

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20 January, 2015

IRD collects $4.1 billion of tax debt in 2013/14

Revenue Minister Todd McClay says Inland Revenue’s focus on collecting tax debt has paid big dividends, with $752 million more being collected in 2013/14 than in the previous year.

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18 December, 2014

Tax assistance agreement to begin next year

From next year a significant new measure for countering tax evasion will become available to Inland Revenue, says Revenue Minister Todd McClay.

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5 December, 2014

McClay to visit United States

Associate Trade Minister Todd McClay will address the New Zealand Honorary Consul Conference of the Western USA and Hawaii in Los Angeles on Monday.

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4 December, 2014

KiwiSaver tax credits’ Bill has first reading

Building and Housing Minister Dr Nick Smith and Revenue Minister Todd McClay today welcomed the next important step in the Government’s HomeStart package for first home buyers with the first reading of the Taxation (KiwiSaver HomeStart and Remedial Matters) Bill.

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4 December, 2014

Inland Revenue – making tax simple

Revenue Minister Todd McClay says Inland Revenue winning best Government website for the 8th time in the NetGuide Awards this week is a demonstration of the Government’s commitment to make tax simple.

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3 December, 2014

IRD doubles number of fraudsters caught

Revenue Minister Todd McClay says Inland Revenue has doubled the number of people caught committing tax fraud in 2014, compared to the previous year.

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2 December, 2014

Plain English Tax Panel disestablished

Revenue Minister Todd McClay has today announced that the Rewrite Advisory Panel of public and private sector tax experts has been disestablished.

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1 December, 2014

Overseas student loans collection hits $150m

The Government initiative aimed at encouraging overseas student loan debtors to start repaying their loans has now netted $150 million in additional payments, and the pace of collection is picking up.

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27 November, 2014

Property speculators targeted by IRD

Revenue Minister Todd McClay says Inland Revenue’s proactive strategy to track down those attempting to avoid paying tax is showing big dividends.

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26 November, 2014

Progress reports released on tax avoidance

Revenue Minister Todd McClay today released two reports from officials relating to tax avoidance by large multinational companies.

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17 November, 2014

Minimum family tax credit to rise next year

Revenue Minister Todd McClay says working families who are eligible for the minimum family tax credit will receive a small increase from 1 April next year.

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31 October, 2014

Speech to Chartered Accountants Australia and New Zealand tax conference

I’m happy to say that New Zealand is in an enviable position with a good tax and social policy system. We are served well by our broad-base, low-rate (BBLR) tax settings.

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29 October, 2014

NZ to join global crackdown on tax evasion

Revenue Minister Todd McClay today announced New Zealand’s timetable for participation in a global automatic exchange of information aimed at cracking down on tax evasion.

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