Vol 19 No 2
Issued
01 Mar 2007

TIB - March 2007

Legislation and determinations

  • Livestock values – 2007 national standard costs for specified livestock

New legislation

  • Orders in Council
    • New double tax agreements with Chile, Poland, and Spain, new protocols to Australia and Singapore agreements
    • Use-of-money rates to rise

Standard practice statements

  • SPS 07/01 Tax payments — when received in time

Legal decisions – case notes

  • Counterclaim action during liquidation proceedings: The Commissioner of Inland Revenue v Churton Farms Limited. The Commissioner of Inland Revenue v Ngaturi Properties Limited
  • Commissioner directed to consider remission of penalties and interest: Chesterfields Pre-Schools Limited and Other v The Commissioner of Inland Revenue
  • Strike-out application: J A Reid & Others v The Commissioner of Inland Revenue
  • Solicitor’s undertaking: Manu Chhotubhai Bhanabhai & Douglas Mark Andrew Burgess v The Commissioner of Inland Revenue
  • High Court substantially upholds validity of Section 17 notice issued to taxpayer: Lupton v Commissioner of Inland Revenue