Month: May 2016


Budget 2016

By Phil Barlow – 27 May 2016 The No Surprise Budget – 26 May 2016 Reading through the various documents that were released yesterday during Budget 2016, nothing particularly new jumps out to surprise me. We have a Public Infrastructure package of $2.1b where $857m of that is allocated to replacing Inland Revenue’s tax administration […]

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test 2 with image

Apparently there’s a saying about electric bikes, or ‘e-bikes’ as they’re known. It goes something like, ‘before you try it, you think it’s cheating; after you’ve tried it, you don’t give a toss’. Electric Bikes NZ Limited – James Speedy (left) with Director, Anthony Clyde In 2017, Stuff journalist Rob Stock spent a week on an e-bike […]

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Changes to UOMI rates from 8 May 2016

By Shelley-ann Brinkley – 10 May 2016 The use-of-money-interest rates charged by the IRD on underpaid and overpaid tax are periodically reviewed to ensure that they reflect changes in the current market rates. Effective from 8 May 2016, the rate charged on underpaid tax dropped to 8.27% (from 9.21%), and the rate charged on overpaid […]

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IRD’s mileage rate decreases to 72 cents

By Shelley-ann Brinkley – 6 May 2016 The IRD’s mileage rate has been reduced to 72 cents (down from 74 cents) effective from the 2016 income year onwards. In line with the Commissioner’s obligation to review the mileage rate on an annual basis, the Commissioner has announced the result of the review for the 2016 […]

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