Vol 23 No 8
Issued
01 Oct 2011

TIB - October 2011

Revenue alert

  • RA 11/02

Binding rulings

  • Product ruling BR Prd 11/02: PMP Distribution Limited
  • Product ruling BR Prd 11/03: Bank of New Zealand
  • Product ruling BR Prd 11/04: Kiwibank Limited

New legislation

  • Taxation (Tax Administration and Remedial Matters) Act 2011

Legislation and determinations

  • Determination DEP78: Tax depreciation rates

Legal decisions – case notes

  • Supreme Court finds income diversion to be avoidance
  • Access operations judicial review
  • Judicial review of tax credit claim disallowed
  • Approved issuer levy structure found to be tax avoidance
  • Commissioner’s strike-out application partially successful
  • Court of Appeal finds in favour of the Commissioner with regard to application of casting votes at a watershed meeting
  • GST deregistration issue to be heard by the Supreme Court