Shutdown dates for 2020

Shutdown dates for 2020

The revenue system will be closed for a week in April as Inland Revenue introduces a new round of changes to make tax more straightforward.

Inland Revenue’s Deputy Commissioner Transformation, Greg James, says to make the changes Inland Revenue’s key services will be unavailable between 3pm Thursday, 9 April and 8am Thursday, 16 April.

“Transformation is now well advanced but there are still two chunks of change to come.  Student Loans and KiwiSaver will migrate to new systems and processes as part of Release 4 next month. Working for Families customers will also have new options as part of this year’s change,” Greg James says.

“The shutdown period includes the Easter long weekend and during this time our phone lines and offices will be closed, and people won’t be able to access myIR or E-File.

“Once we’re back all products, except Child Support and paid parental leave, will be in the new system START. We’ll be able to further improve services for customers.

“Changes and improvements to the child support regime will be introduced as part of Release 5 in April 2021,” Greg James says.

To help people learn about the changes and see how Release 4 can help them, IR has developed a series of landing pages on various topics.

‘Changing for you’  contains information on upgrades and improvements when repaying student loans – whether you’re living in NZ or overseas; a new instalment option for working for families overpayment; and how it’ll be easier to see KiwiSaver contributions.

Legislation passed in March 2018 included changes to how and when investment income is reported. If you pay or receive investment income, there are changes that may affect you. You can find more information on the IRD website

From 1 March 2020, IR stopped accepting cheques. There are plenty of other payment options that are faster, cheaper, and more secure. The IRD site gives you more detail on this change.

From the IRD News website | © Copyright 2020 Inland Revenue.

Related Posts

Tired of chasing payments? Handy tips for managing your receivables

Tired of chasing payments? Handy tips for managing your receivables

Running a small business is a constant juggle, and one of the more frustrating tasks is managing your receivables. How often have you found yourself waiting on overdue invoices, wondering if you’ll have enough cash flow to cover next month’s […]

Read More… from Tired of chasing payments? Handy tips for managing your receivables

Read More
Cost optimization

Cost optimization

Improving your bottom line isn’t just about increasing your revenue but also comes down to reducing outgoings where you can. Reducing direct costs can dramatically increase your profit on each sale while eliminating unnecessary business overhead. Here are some things […]

Read More… from Cost optimization

Read More
Becoming an employer for the first time

Becoming an employer for the first time

Hiring your first employee is a defining moment for any business, and whether you’re expanding from a single-person business or growing into new markets, it’s more than just finding the right person. It requires thoughtful preparation, adherence to laws, and […]

Read More… from Becoming an employer for the first time

Read More