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Contract Pacific – IRD’s obligations to pay GST refunds – Feburary 2010 In the recent Court of Appeal decision CIR v Contract Pacific Limited (CA759/08, 4 December 2009), the CIR succeeded in an appeal against a High Court decision which had given judgment to the taxpayer on a GST refund.  The case has important implications for the …

Contract Pacific – IRD’s obligations to pay GST refunds – February 2010 Read More »

Two Tribes and an Elephant Called Ben Nevis – September 2009 The tax avoidance provision, section BG 1 Income Tax Act 2007 (“ITA 2007”) first came before the Supreme Court last year[1], with a decision delivered right at the end of the year: Ben Nevis Forestry Ventures Ltd v CIR; Accent Management Ltd v CIR (2009) 24 …

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Taxing but Interesting Tax is an inevitable part of doing business.  Even with the changes to align provisional tax payments more closely with GST, it still remains the case that cash-flow will mean that when time comes to pay the taxman, there may not be sufficient free cash.  If a non-company taxpayer borrows, will the interest be …

Taxing but Interesting – Deductibility of Interest on Unpaid Tax – October 2008 Read More »

How Long To Resolution? “Justice delayed is justice denied.” William Gladstone, British politician (1809 – 1898) Introduction It is often said that the introduction of revised disputes processes in 1996, their amendment in 2005, and improvements in IRD practices over the past decade have all contributed to the comparatively timely resolution of tax disputes.  This article questions …

How Long to Resolution? – Delay in Tax Disputes – August 2008 Read More »