Overview

The Taxation (Business Taxation and Remedial Matters) Act 2007 introduced a number of changes to the penalty rules in the Tax Administration Act. Officials have recommended that the following amendments be made to clarify practice and policy intent. They have not required detailed consultation, although officials have discussed the amendments with the New Zealand Institute of Chartered Accountants.

As these amendments clarify the policy intent they apply from the dates the amendments in the Taxation (Business Taxation and Remedial Matters) Act 2007 apply.