The previous section suggests that it be voluntary to adopt the new approach of GST filing being carried out by accounting systems interacting directly with Inland Revenue. However, the transfer of information through any electronic channels, has the potential to remove some error sources, improve the integrity of the overall system and the speed with which Inland Revenue can process the information, and reduces both customers’ and Inland Revenue costs.
The Government is therefore interested in views on whether some larger filers should be required to file using electronic channels – (this includes any available electronic channel, existing or new) instead of being able to file paper returns.
1. Do you think GST registered persons over a certain threshold should be required to submit their GST information to Inland Revenue in an electronic format?
2. What do you think would be an appropriate threshold?