Inland Revenue has been working with providers in the past year on ways for customers to submit their GST returns as part of their existing business processes. The trial has been very well received and Inland Revenue is planning to make this service more widely available. AIM is a second step in continuing this business integration.
Businesses using AIM will be able to calculate and pay provisional tax directly from accounting software. This will reduce their compliance costs, and make the amount of tax payable more visible throughout the year rather than it being a year-end surprise. Removing the threat of use of money interest and being able to access refunds of overpaid tax throughout the year will be a significant benefit.