Inland Revenue will closely monitor and report on the ongoing results of the increase in tax revenue from increased compliance activities on tax and student loan overseas-based borrowers, including those returning to or visiting New Zealand.
Data is collected throughout the quarter and will be updated a minimum of 2 months post the end of each quarter. Quarter 4 data will be updated by 31 October each year. Information will also be included in our annual reports for 2024-25 onwards.
Additional information on Budget 2025 compliance activity funding (increased investment and continuation of funding) can be found on our Budget 2025 page.
Results for Budget 2024 and Budget 2025 are not separately identifiable.
Planned timeline for delivery
July 2024
- Funding received and plans in place on how spend will achieve revenue targets
June 2025
- Revenue uplift/cash collected for Year 1 delivered
Cost
| 24-25 ($m) | 25-26 ($m) | 26-27 ($m) | 27-28 ($m) | |
|---|---|---|---|---|
| Funded administration cost for Inland Revenue | $29.000 | $29.000 | $29.000 | $29.000 |
| Forecast Impact on operating allowance* (IR-Crown) | $99.000 | $201.000 | $201.000 | $201.000 |
| Other forecast impact on operating balance (student loans) | $18.000 | $18.000 | $18.000 | $18.000 |
* Includes increases to revenue and reversals to the impairment expense from collecting more cash from overdue debt.
Indicators of performance
The following performance indicators track performance for the investment in compliance activities.
Inland Revenue has not ring-fenced resourcing for the additional activity, therefore intended results are measured by an uplift in revenue and cash collected from the following activities.
Measure 1. Revenue and recovered or disallowed expenditure through IR interventions
- 2024-25 return on investment $1:$4
- 2025-26 return on investment $1:$8
Measure 2: Revenue assessed from unfiled return activity
- 2024-25 return on investment $1:$4
- 2025-26 return on investment $1:$8
Measure 3: Cash collected from overdue debt activities
- 2024-25 return on investment $1:$4
- 2025-26 return on investment $1:$8
Measure 4: Value of repayments collected from overseas-based borrowers
- 2024-25 return on investment $1:$4
- 2025-26 return on investment $1:$8
All data is provided in the Excel download below. This is updated on a quarterly basis - a minimum of two months following the end of each quarter. Quarter 4 data will be updated by 31 October each year after the publication of our Annual Report.