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Making tax simpler for New Zealand More information

 

Audio and visual transcript

Scene 1

Visual

Inland Revenue's logo displays.

Next, the title of the video, Making Tax Simpler for New Zealanders, appears.

Audio

Light and cheerful music plays throughout the whole video.

Scene 2

Visual

A rotating globe with rings around it appears.

A tablet held by a pair of hands slides in from the bottom of the screen, and frames the globe.

Audio

Narrator

The world is rapidly changing.  Everyone is becoming more and more connected.

Scene 3

Visual

The tablet screen transitions from the globe to show a complex process map.

The word START then fades in on the screen and transitions to TAX SYSTEM showing a simple process map.

Audio

Narrator

Complex processes are giving way to simpler ones.

Our tax system is changing to make your life easier.

Scene 4

Visual

Landscape with building, houses and people appears at the bottom of the screen.

An outline is being drawn clockwise and frames the TAX SYSTEM circle.

A multi-storey building, a house and Parliament (the Beehive) pops up one by one, in the middle of the illustrated landscape at the bottom of screen.

The landscape fades away.

Audio

Narrator

Helping businesses, and individuals, get it right from the start.

Over the next few years, changes to Inland Revenue's customer services, systems and processes, and some legislation, will simplify how you interact with the tax system.

Over time, it will become easier and more efficient for businesses, and simpler for citizens, to deal with government.

Scene 5

Visual

A number of cogs show on the screen.

Three dark grey cogs display different icons, a light bulb, telephone and magnifying glass.

Seven teal cogs pop up,displaying different icons, a dart in a bulls eye, pile of paper, stop watch, dollar sign, magnifying glass over a globe, shopping car, road sign.

Three more teal cogs pop up displaying different icons, a flow chart, bar graph and knight's profile. One green cog pops up with TAX SYSTEM on it.

All cogs turned teal and disappear.

Audio

Narrator

Tax will fit seamlessly into how businesses operate today, so it's simpler and less time-consuming.

Scene 6

Visual

A grey stop watch and dollar sign icon pop up. A downward pointing arrow with a dollar sign appears on the right hand side. COMPLIANCE COSTS is displayed at the bottom of the arrow.  All icons are linked together by two u-shaped brackets.

$1.2 - 2 BILLION appears at the bottom of the brackets.

SAVING 18 - 26 HOURS EACH YEAR appears above the stop watch and dollar sign.

Audio

Narrator

Once all the changes have been introduced, we estimate compliance costs for business, to reduce by $1.2 to 2 billion dollars, and small and medium businesses should save between 18 to 26 hours a year, in meeting their tax obligations.

Scene 7

Visual

Transition to rotating globe with rings appears on the left, and a dollar sign on the right.

Dollar sign seeds are planted in a flower pot, then watered by a watering can. A money tree grows and blooms.

Audio

Narrator

This will significantly benefit New Zealand's economy, and you'll have more time and money to put back into your business. 

Scene 8

Visual

A tablet held by a left hand displaying an area graph pops up. A right hand appears, taps onto a section of the area graph and drags it upwards, enlarging the area.

Transition to  people sitting at an office table, facing each other with a tablet on the table.

Audio

Narrator

Over time, tax transactions will become simpler for businesses, through the use of digital services.

Your accountant or bookkeeper can help you to get your systems and processes right, and provide business advice to plan the long-terms goal of you business.

Scene 9

Visual

A tablet held by right hand slides in from the right with the myIR logo on it. The myIR logo slides off the tablet, which then displays a screenshot of the myIR home page.

The myIR home page fades to highlight the My GST tab in myIR. 

Audio

Narrator

The first stage of changes has been successfully launched.

This introduced a simpler ways of business to manage their GST.

Scene 10

Visual

The myIR logo on the left of the video fades giving way to the following phrases.

  • FILE AND PAY YOUR GST AT THE SAME TIME
  • AMEND A PREVIOUSLY-FILED GST RETURN
  • SET UP PAYMENT INSTALMENTS AND DIRECT DEBITS

Different myIR screenshots appear on the tablet screen as each phrase appears. 

Audio

Narrator

You can now file and pay your GST at the same time, amend a previously-filed GST return, and setup payment instalments and direct debits.

Scene 11

Visual

A flowchart demonstrating how filing through accounting and payroll software makes it easier for you is displayed.

  1. You enter your details in your accounting and payroll software
  2. Submit your tax information by secure transfer using your software
  3. We get your information to process.

Audio

Narrator

More and more New Zealand businesses are now filing GST returns through their accounting software.

This removes the need to re-enter figures into Inland Revenue's systems, and is faster, more efficient, and accurate.

Scene 12

Visual

The illustrated content display on the technology icon and the long arrow pointing to the left turns teal.

Audio

Narrator

Over time, more tax functions will be able to managed through accounting and payroll software, streamlining tax even more.

Scene 13

Visual

A flowchart appears showingthe stages we're rolling out our change in.

  1. GST
    • GST IMPROVEMENTS
    • NZ BUSINESS NUMBER
    • DIGITAL REGISTRATION FOR MIGRANTS AND ORGANISATIONS
  2. Streamline taxes
    • INCOME TAXES
    • PAYE
    • NEW PROVISIONAL TAX OPTION - AIM
    • AUTOMATIC EXCHANGE OF INFORMATION
  3. Streamline social policies
    • STUDENT LOANS
    • CHILD SUPPORT
    • WORKING FOR FAMILIES
  4. Complete the future revenue system
    • PAID PARENTAL LEAVE
    • DUTIES AND RESERVE SCHEMES

Audio

Narrator

We are rolling out the changes in stages, so you can gradually move to new ways of working.

Scene 14

Visual

The GST box on the flowchart is highlighted. 2016 - 2017 appears above it.

Audio

Narrator

The first improvements to how you manage GST are now complete, and we are continuing to refine these services to give our customers a better online experience.

Scene 15

Visual

The Streamline taxes box on the flowchart is highlighted. 2017 - 2019 appears above it.

Audio

Narrator

Next, we'll improve how businesses manage their income taxes, including a new option for small businesses to pay their provisional tax as they go.

It's called the accounting income method, or AIM. The government is also proposing that employers provide more timely PAYE information for each pay period to Inland Revenue as part of their payroll process.

Scene 16

Visual

The Streamline social policies box on the flowchart is highlighted. 2018 - 2020 appears above it.

Audio

Narrator

We'll continue to build on earlier improvement,s and with more regular information, we aim to improve the way social policy entitlements are administered.

Scene 17

Visual

The Complete the future venue system box on the flowchart is highlighted. 2019 - 2021 appears above it.

A paper tray with piles of paper falling into it appears on the left.  A tablet held by a hand appear on the right.

Audio

Narrator

Before we introduce each set of changes, we'll contact affected customers, and their tax advisors, to inform and support you with the changes, so that you can get the most out of a simpler tax system.

Between now and 2021, tax will gradually become simpler, as legislation is passed and online improvements are introduced.

Scene 18

Visual

A bar graph appears on the tablet screen with four icons displaying on the x – axis – dollar bill, line graph, light bulb and handshakes. Each of the bars shoots up from the x – axis, a percentage sign displayed on top of each bar. 

Audio

Narrator

Imagine how these improvements will benefit you and your business.

Scene 19

Visual

Transition to a smart phone held by a hand slides in from the left. A tablet displaying an Incoming summary from myIR slides in from the right. The tax code M SL in a circle drops down from the top, to appear between the phone and tablet. Employer reports PAYE to IRD each pay day, and, Correct tax code, appears on top and bottom of the circle. Two arrows firing left and right from the circle generates new content on both devices.

The tax code circle transitions to a swinging door sign with BANK written on it. Bank reports investments or dividends to IRD appears at the bottom of the BANK sign. Two arrows firing left and right from the BANK sign generates new content on both devices.

The BANK sign transitions to a dart in the bulls-eye icon. Accurate appears at the bottom of the icon. An arrow firing left and right from the bulls-eye icon generates new content on both devices.

Audio

Narrator

Smarter technology and more timely information means your employees' tax and social policy entitlements will be more accurate throughout the year.

Scene 20

Visual

A calendar displays on the smart phone, each month lights up one after another.

The bulls-eye icon flips around and transition into a tick. An arrow firing left and right from the tick generates new content on the smart phone. Tax Owing $0.00 pops up on the smart phone screen.

Audio

Narrator

There'll be less for them to do, and fewer unders and overs at the end of the year. 

Scene 21

Visual

Transition to the Making Tax Simpler Logo.

Audio

Narrator

Look out for more information from Inland Revenue, which will be sent directly to your business.

Scene 22

Visual

The Inalnd Revenue web address appears www.ird.govt.nz.

Transition to Inland Revenue's logo.

Audio

Narrator

To find out more, visit our website ird.govt.nz.