Vol 24 No 5
Issued
01 Jun 2012

TIB - June 2012

Interpretation guidelines

  • IG 11/01: Income tax; goods and services tax – determining employment status for tax purposes (employee or independent contractor)

New legislation

  • Student Loan Scheme Amendment Act 2012

Legislation and determinations

  • Changes/clarifications to Determination DET 09/02: Standard-cost household service for childcare providers (“Educators”)
  • CPI Adjustment 12/01 for Determination DET 09/02: Standard-cost household service for childcare providers
  • Determination DET 05/03: Standard-cost household service for boarding service providers – change to fixed standard-cost formula to reflect the removal of depreciation on buildings
  • CPI Adjustment CPI 12/02 for Determination DET 05/03: Standard-cost household service for boarding service providers
  • Special Determination S21: Spreading of acquisition cost of agreements for the sale and purchase of services
  • National average market values of specified livestock determination 2012

Standard practice statements

  • SPS 12/01: Recording Inland Revenue Interviews
  • SPS 12/02: Late filing penalty

Legal decisions – case notes

  • Court’s earlier decision confirmed
  • Receivers obliged to pay GST on mortgagee sales
  • Judicial review – not an extremely rare case

Items of interest

  • Tax Information Bulletin reader survey