Tax Management NZ

Latest news

Latest news

[GST and other tax types are back on the menu]

Tax Pooling can now be used for GST and all other tax types

Tax Pooling can now be used to settle additional payments for all tax types that arise due to audit or voluntary disclosure. This includes GST, RWT and PAYE among others.

The IRD has not released their operational guidelines yet, but we are working closely with them and can assist you with any questions you may have.

If any of your clients are about to make a voluntary disclosure or finalise an audit, give us a call or get online and find out how much they could save.

Thanks to everyone who wrote to the IRD in support of this

As many of you will recall, Tax Pooling used to be available for shortages of GST and all other tax types until the IRD changed their position on this in 2006. At that time we took up the case with the IRD and encouraged as many of you as possible to contact the IRD and request they return to allowing tax pooling for all tax types.

Thanks to all of our efforts, tax pooling can once again be used in this manner. Our thanks to all of you for your support. This is a great result for tax payers and we look forward to working with you to lower the costs of audits and voluntary disclosures for your clients.