Taxpayer Grouping

Question 1

Making its way through Parliament presently (now at Select Committee stage post 1st reading), is the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Bill.
“Grouping” appears to be the flavour of the times for IR. The Bill is focused on making tax compliance simpler, particularly for individual taxpayers, where possible eventually _____________________ before their tax assessment for the year is finalised, whether that results in the issue of a refund or tax to pay notice. It is also suggested that eventually the need to file an IR3 income tax return will be phased out.
https://gilligansheppard.co.nz/richards-tax-updates-august-2/

Answer 1

removing the need for a person to do anything

Question 2

Making its way through Parliament presently (now at Select Committee stage post 1st reading), is the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Bill.
“Grouping” appears to be the flavour of the times for IR. The Bill is focused on making tax compliance simpler, particularly for individual taxpayers, where possible eventually removing the need for a person to do anything _________________________, whether that results in the issue of a refund or tax to pay notice. It is also suggested that eventually the need to file an IR3 income tax return will be phased out.
https://gilligansheppard.co.nz/richards-tax-updates-august-2/

Answer 2

before their tax assessment for the year is finalised

Question 3

Making its way through Parliament presently (now at Select Committee stage post 1st reading), is the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Bill.
“Grouping” appears to be the flavour of the times for IR. The Bill is focused on making tax compliance simpler, particularly for individual taxpayers, where possible eventually ________________________________________________________, whether that results in the issue of a refund or tax to pay notice. It is also suggested that eventually the need to file an IR3 income tax return will be phased out.
https://gilligansheppard.co.nz/richards-tax-updates-august-2/

Answer 3

removing the need for a person to do anything before their tax assessment for the year is finalised

Question 4

Individual taxpayers will be grouped into _______________, membership to which category determined by the extent of their annual “reporting income”.
https://gilligansheppard.co.nz/richards-tax-updates-august-2/

Answer 4

3 categories

Question 5

Individual taxpayers will be grouped into 3 categories, membership to which category determined by the extent of their annual “_______________”.
https://gilligansheppard.co.nz/richards-tax-updates-august-2/

Answer 5

“reporting income”