Inland Revenue recently sought feedback on the scope of its next long-term insights briefing.

We have now published a summary of the submissions we received on the consultation and confirmed the scope of our topic. We are also releasing copies of the submissions we received.

These are available on this page:

Submissions on the scope of Inland Revenue's long-term insights briefing

You can see the original consultation document here:

2024-long-term-insights-briefing

At a conference for the Young International Fiscal Association last night, the Revenue Minister Simon Watts announced the Government’s tax and social policy work programme. The work programme is designed to support rebuilding the economy and improving fiscal sustainability by simplifying tax, reducing compliance costs, and addressing integrity risks. The work programme is intended to be updated and added to over time.

The Government is seeking public feedback on a proposed approved information sharing agreement (AISA) between Inland Revenue and the Ministry of Business, Innovation and Employment (MBIE). The AISA would allow Inland Revenue and MBIE to share prescribed information with the other agency for the benefits outlined in the discussion document.

Public views are sought on a proposed temporary remedy to an error in recent FamilyBoost tax credit legislation. The error affects people who receive schedular payments and incorrectly includes this income in the FamilyBoost income calculations before allowing for claimable business expenses. This would result in a person receiving less, or no FamilyBoost payment. 

An Order in Council has been made which corrects a legislative error that prevented GST-registered taxpayers from being able to receive a refund of input tax on certain assets acquired before 1 April 2023 that had a permanent change of use on or after 1 April 2023. The change comes into effect from 10 September and has retrospective effect. This Special Report provides full details of the amendment, and how it can be applied.