2008 media releases
Inland Revenue helps drought-affected farmers
15 February 2008
Inland Revenue has put in place special measures to help ease the pressure on drought-affected farmers.
These measures include allowing farmers to send a late estimate, or re-estimate, of provisional tax, if their circumstances have changed due to the drought. Early provisional tax refunds can also be arranged if tax has been overpaid.
"We appreciate the extreme hardships created in times such as this,'' said Group Manager Assistance David Udy. "We aim to provide as much support and assistance as possible."
Inland Revenue has also relaxed the rules of the income equalisation scheme, allowing late deposits and early refunds.
Other help available could include remission of late payment and non-filing penalties, and extensions of time for filing returns. Working for Families Tax Credits, which are linked to income levels, could also be adjusted where necessary.
Affected farmers are being encouraged to contact a tax professional or Inland Revenue to clarify what this means for them.
"We understand that tax won't be the first thing people think of when they are dealing with serious hardship, but we want them to know that they can contact us with any queries or worries they may have," said Mr Udy.
Ends
For more information:
Mac Dalton
Media Advisor
(04) 890 1743
Other media releases this year
- Accountant sentenced for tax evasion
- Invercargill accountant jailed for tax evasion
- Dairy owner sentenced for hiding half a million
- Tauranga court jails man for tax evasion
- Most Working for Families recipients not charged interest for overpayments
- Former Kaikohe farm manager jailed for tax evasion
- Auckland plasterer jailed for tax evasion
- New callback service rolled out across Call Centre
- Former employee sentenced
- KiwiSaver report released
- Inland Revenue expands e-services
- Do-it-yourself tax refunds
- Employers reminded about new tax rates
- Former Inland Revenue employee pleads guilty to corruption
- Sentencing strong message for contractors
- Accountant jailed for defrauding clients and Inland Revenue
- Inland Revenue pilots callback system to help customers
- Inland Revenue proposes changes to company tax return
- Agricultural contractor sentenced
- Jail for horticultural student
- Tax fraud results in jail term
- Thousands apply for student loan amnesty
- Early Working for Families Tax Credits payments
- Inland Revenue wins People's Choice NetGuide web award for second time
- Waikato couple sentenced for tax evasion
- Inland Revenue warns about income diversion
- Report of investigation of an error in tax revenue numbers
- Tax credits for people made redundant
- R&D tax credit goes live
- Student Loan amnesty - last chance to apply
- Revised financial statements
- Tax advice for investors in failed finance companies
- Tax advice for property investors
- Provisional tax gets easier
- Early Working for Families Tax Credits payments
- IRD numbers about to get longer
- Tax authorities work together to stop international tax evasion
- IRD numbers available at NZ Post and AA
- Inland Revenue warns against divulging personal details
- Second jail term for major tax scam
- Welcome surprise for owners of forgotten money
- End-of-year tax date fast approaching
- Time running out for student loan amnesty
Corporate Affairs
Inland Revenue
To make a media query:
Phone 04 890 1698 or email mediaqueries@ird.govt.nz
Please note, the email address is only for enquiries from the news media. It is monitored during normal business hours 8am - 5pm Monday to Friday.
P O Box 2198
Wellington 6140
New Zealand
Date published: 15 Feb 2008
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