TIB - November 2002

Binding rulings

• Product Ruling - BR PRD 02/14
• Product Ruling - BR PRD 02/15
• Product Ruling - BR PRD 02/16

Legal decisions ñ case notes

• Struck off companies restored to companies register: CIR v Registrar of Companies
• Statutory demand reinstated, retired trustee's GST liability: CIR v Chester Trustee Services Ltd
• Application to set aside bankruptcy: The bankruptcy of Moti Singh (ex patre CIR)
• Special leave to appeal refused by Privy Council: John George Russell & Ors v Taxation Review Authority and CIR
• Special leave to appeal refused by Privy Council: M & J Wetherill Company Ltd & Ors v Taxation Review Authority & CIR

Taxation (Relief, Refunds and Miscellaneous Provisions) Act 2002

• New rules on taxpayer financial relief
• New rules on transfers of overpaid tax
• Tax simplification measures
• Other policy measures
• Remedial amendments

Standard practice statements

• Instalment arrangements for payment of tax debt
• Writing off tax debt

Questions we've been asked

• Section 108 Tax Administration Act 1994 (TAA): Commencement of 4-year statutory period

Other items of interest

• Retrospective adjustment to salaries paid to shareholder-employees - withdrawal of previous QWBA