Vol 26 No 9
Issued
01 Oct 2014

TIB - October 2014

Binding rulings

  • Public ruling BR Pub 14/06: Payments made by parents or guardians of students to state schools – GST treatment
  • Product ruling BR Prd 14/06: Engagement of supervisors by PMP Distribution
  • Product ruling BR Prd 14/07: New Zealand Māori Arts and Crafts Institute Scholarship

New legislation

  • Orders in Council: FBT rate for low-interest loans increases

Questions we’ve been asked

  • QB 14/09: Income tax – meaning of “excessive remuneration” and “excessive profits or losses” paid or allocated to relatives, partners, shareholders or directors

Legal decisions – case notes

  • Application to stay liquidation proceedings
  • Application by Trinity investors to stay liquidation proceedings
  • Cases involving alleged tax avoidance transferred to High Court and consolidated High Court grants interim relief under section 8 of the Judicature Amendment Act 1972
  • Appeal against High Court decision awarding indemnity costs to the Commissioner
  • Appeal by Trinity investors to set aside a High Court decision
  • Unsuccessful appeal by Trinity investors in respect of statutory demands issued by the Commissioner
  • Appeal by Trinity investors to set aside a High Court decision and indemnity costs award