Tax Administration Law Made Easy 2017

Conveys the essentials of tax administration law to businesses and tax advisers. A practical guide for everyone who is responsible for filing a tax return.

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ISBN/ISSN: 9781988506203

Product description

Taxpayers, tax advisers and students should read Tax Administration Law Made Easy, which condenses the complex area of tax administration law into simple language. It focuses on issues that frequently arise and provides a good first port of call for taxpayers and businesses confronted with questions of a tax administrative nature. Included are risks, tips and examples derived from real situations to highlight the areas that commonly cause problems for businesses.

This book briefly follows the journey through the Inland Revenue assessment, audit and disputes process and subsequent penalties and/or interest charges. And along the way it explains the basic principles and rules contained in the Tax Administration Act 1994.

It is essential for business people to know which tax risks to be worried about. The risks of filing an incorrect tax return include personal exposure to both civil and criminal penalties, in addition to the normal business exposures.

Prudent tax advisers are at pains to explain tax risk to their business clients. This book is a quick and accurate way for those with professional responsibility to do just that.

Tax Administration Law Made Easy sets out the practical essentials of tax administration law in New Zealand. Everyone with responsibility for filing a tax return, whether as a taxpayer or an adviser, should read this book.

Features

  • Plain English guide
  • Summarises key legislation
  • Includes case studies and examples
  • Identifies common risks
  • Practical tips for avoiding common traps

Related Titles

Income Tax Law Made Easy
GST Law Made Easy

And 8 more titles in MyLawGuide’s Law Made Easy series

Featured authors

Table of contents

Inland Revenue

Organisational structure

Powers and responsibilities

Privacy and information sharing

Official information

Tax returns and record keeping

Audits and investigations


Audits

Information collection powers

Legal privilege

Disputes

Adjudication

Starting a dispute

Onus of proof

Notice of proposed adjustment (NOPA)

Notice of response (NOR)

Disclosure notice

Statement of position (SOP)

Time limits

Flowcharts of disputes process

Penalties

Civil penalties

    Onus and standard of proof

    Extension of time

    Late filing penalty

    Non-electronic filing penalty

    Non-payment penalty

    Late payment penalty

    Shortfall penalty

Criminal penalties

    Onus and standard of proof

    Directors and officers

    Absolute liability offences

    Knowledge offences

    Evasion-type offences

    Obstruction

    Aiding or abetting

Proposed tax changes