Accountants slam IRD allowance change

[essence]

07/12/2012

The Institute of Chartered Accountants (NZICA) has joined the chorus of dismay over the Inland Revenue Department's decision to retrospectively tax accommodation allowances.

Source

[artemis]

I heard IRD say on the radio that there is no change to the rules, it is a clarification only.

[Perry]

I wonder which source is correct?

[Keys]

The backdating bit !

[buxlo122]

I heard IRD say on the radio that there is no change to the rules, it is a clarification only.

It's not a clarification, it is a reversal of previous IRD positions so the can squeeze more tax dollars out of the public.

If the government need more tax dollars they should increase tax rates not come up with stupid ideas that punish a few people.

[spaceman]

Here is some "inside" info that I got....

I just looked into your question regarding what prompted the retrospective accommodation benefit to come out - it was the work from Inland Revenue’s Crown Department pertaining to ministerial allowances.

I think that makes me all for it!!!!

Cheers
spaceman

[buxlo122]

Here is some "inside" info that I got....


I think that makes me all for it!!!!

Cheers
spaceman

Yea but it will be the employers paying for it not the employees. So would not affect the MPs.

[Perry]

And who employs the MPs?