ACC Levy Invoices
We have had a number of instances recently where incorrect classification codes are being used by ACC and therefore incorrect invoices are issued.
When you receive invoices from ACC we suggest you check to ensure the correct “Classification Unit Description” and “Liable Earnings” are stated. If you are unsure, please do not hesitate to contact us for assistance.
It is easier to get an error fixed before you pay than try to get a refund further down the track!
Changes to GST Due Date
GST and payment due dates are being changed with effect from taxable periods ending on or after 31st March 2007.
Currently GST is due on the last working day of the month, which can cause confusion for taxpayers. To ensure consistency of due dates, the GST due date will change to the 28th of the month following the end of the return period.
There are two exceptions to this for periods ending:
- 30 November – the due date remains 15th January
- 31 March – the due date will be 7th May
GST Alignment with Balance Date
If your GST returns are not currently aligned with your balance date (for example - you have a March balance date and your GST return covers the two month period 1st March to 30th April), the IRD will be contacting you within the next twelve months and you will be required to align your GST periods to your balance date. If you are in this situation, you may choose to align your GST periods prior to the IRD contacting you. Please contact us if you would like to arrange this.
Important: This is not advice. Readers should not act solely on the basis of the material contained in this report. Items herein are general comments only and do not constitute or convey advice perse. Changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas.
