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Tax Simplification

Tax simplification

You may have read or heard about the Inland Revenue/Government’s drive for Tax Simplification, with some of these changes having been heavily pushed by online Accounting software companies. Generally I support the concept, however experience tells me that it’s not quite as simple as it sounds.

Inland Revenue has released, within the last 6 months, changes to the GST process that were meant to make it easier. Our experience hasn’t been overly positive. Their concept is still good, but they have some work to do before I acknowledge that they have simplified the process. Give them some time and hopefully they will get it right. They have a big program to roll out more changes to PAYE and Income Tax over time, so there will be no avoiding it in the long run.

These changes that Inland Revenue and other organisations have made, will change the way we all operate and, we hope, generally for the better.  If you are experiencing any problems with these changes, please don’t hesitate to give David, Karen or myself a call.

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