Shortfall penalties

These statements outline how we deal with shortfall penalties, including reduction of penalties, voluntary disclosures, evasion, abusive tax position and so on.

SPS 09/02 Voluntary disclosures

Guidelines for making a voluntary disclosure, the timing of notification and what constitutes a voluntary disclosure.

SPS 06/03 Reduction of shortfall penalties for previous behaviour (June 2006)

This Standard Practice Statement (SPS) sets out Inland Revenue's practice for reducing shortfall penalties for previous behaviour.

INV-295 Reduction of shortfall penalties for previous behaviour (Apr 04) (under review)

Information about the Commissioner's practice for reducing shortfall penalties for previous behaviour.

INV-290 Promoter Penalties (Mar 04)

Information about the Commissioner's practice for applying promoter penalties to promoters of arrangements involving abusive tax positions.

INV-260 notification of a pending audit or investigation (Feb 00)

Defines what Inland Revenue actions constitute an audit or investigation.

INV-245 Payment of shortfall penalty using losses (Mar 98)

Information about situations where a taxpayer in a loss situation can elect to use losses to pay shortfall penalties

INV-231 Temporary shortfall - permanent reversals (Sep 99)

Information about the Commissioner's position on permanent reversal as it applies to a temporary shortfall.

INV-225 Criminal offence - evasion or similar offences (Mar 98)

Information about prosecutions by the Commissioner for defaults that fall within the criminal offence category of "evasion or similar offences".

Date published: 15 Jun 2007

Back to top