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Applications open for Resurgence Support Payments (RSP)

Applications open for Resurgence Support Payments (RSP)

The Minister of Finance, Grant Robertson, has announced that the Resurgence Support Payment will be available for businesses affected by the change in COVID alert levels that started on 28 February. Businesses will be able to apply for this payment on Inland Revenue's website from 8 March. This is in addition to the Resurgence Support Payment for businesses affected by the change in alert levels from 14 to 21 February, which is currently available. Businesses affected by both alert level changes can apply for each of the payments.
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Kilometre Rate

Kilometre Rate

On 14 December 2020 the Inland Revenue Department announced the new kilometre rate for the 2020 financial year for the business use of vehicles. Tier 1 goes up to $0.82 per kilometre, tier 2 is reduced to $0.28 per kilometre for petrol and diesel vehicles and $0.17 per kilometre for hybrids. The rate for electric vehicles remains unchanged at $0.09 per kilometre. If the 2020 tax return has been filed and a taypayer wishes to adjust the rates, an application can be made to Inland Revenue for
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Unconditional Gifts and GST

Unconditional Gifts and GST

Publication IS 20/09 GST - unconditional gifts (ird.govt.nz) was published on 23 December. It clarifies that a payment made to a GST registered non-profit body as an unconditional gift is not consideration for a supply and is not subject to GST. Also, unconditional gifts are not included for the purposes of determining whether the entity has reached the threshold requiring it to register for GST. Non-profit bodies therefore need to know when they are receiving unconditional gifts. This interpretation statement also looks at what voluntarily means, issues
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