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.
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