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Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss today welcomed a survey showing small businesses are continuing to spend less time on tax compliance.

“Inland Revenue’s emphasis on providing customer-centric services that enable businesses to spend less time on compliance and more on growth is paying dividends,” Mr Woodhouse says.

Cabinet will consider a recommendation to allow Inland Revenue to waive interest on late payments of taxation for businesses affected by the Havelock North gastroenteritis outbreak, announced Revenue Minister Michael Woodhouse and Small Business Minister Craig Foss.

“Inland Revenue already has the ability to waive penalties for late payments, but due to the impact of the outbreak on businesses, Cabinet will consider enabling interest to be waived for late PAYE and provisional tax payments, due later this month,” Mr Woodhouse says.