Inland Revenue has been busy updating their IT system with tax types being moved from their old IT system to their new IT system. The last major update is due to take place from 21 October to 28 October, with the result that Inland Revenue’s systems, call centre and myIR will not be available during this period.
Due to this update provisional tax and GST payments due on 28 October will instead have a due date of 4 November. This delay also applies to filing of GST returns, which will also be due for filing by 4 November.
For businesses who are suffering declines in cashflow as a result of Alert Level changes and are finding it difficult to make payments of tax on time, Inland Revenue have the ability to remit penalties and use of money interest if the reason for the late payment of tax was due to Alert Level changes.
If you have any queries regarding the wage subsidy, the resurgence support payment or tax relief available, please contact us.