Setting new due date for payment of tax

Clause 149

Issue: Extension of provision

Submission

(Ernst & Young)

A further amendment should be made to clarify that a new due date should be set when a new assessment is made or issued, regardless of whether it is the Commissioner or the taxpayer who makes the assessment in question.

Comment

Officials consider that the submission raises issues that would result in a significant widening of the existing provision and which would require further analysis as part of the Government’s tax policy work programme.

Recommendation

That the submission be declined.