Displaying items by tag: ird

Inland Revenue (IRD) is not one for acknowledging the holiday season.

Full credit to the Inland Revenue Department for telling people to look after themselves and their families first and foremost, rather than worrying about not meeting their tax obligations.

Recently the Inland Revenue Department released the national average market price (herd scheme value) for livestock to be used when preparing 2016 annual financial statements.

Inland Revenue says it’s monitoring the drought and looking at the financial situation of farmers, with a view to seeing how they can best help them through the dry.

Now that drought has been declared by the Primary Industries Minister Nathan Guy, Inland Revenue says it will exercise discretion towards affected farmers.

Inland Revenue has warned people operating illegal tax schemes in the agricultural and horticulture industry that they will face serious consequences.