The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
Published on

It is the Inland Revenue's practice, in general, to not accept requests for reassessment. 

GST-916 From a legal perspective there is the option to do so under Section 113 of the Tax Administration Act, however this is at the Inland Revenue's discretion and they use that discretion to deny opening up a GST period that is already filed.

The Inland Revenue's logic on this is that they don't want the additional administration cost of opening GST periods previously filed by businesses.

The Inland Revenue have recently reiterated their communication on this topic and recommended any GST input claims be processed in the next GST return to be filed.

There are two common scenarios where this logic would not apply:

  • Outside of the 2 year timeframe would require an adjustment under Section 113, or
  • If GST for your business is already under investigation by the Inland Revenue. In that situation an adjustment may be processed as part of the wider outcome of that investigation by the Inland Revenue.
If you are involved in any of the alternative scenarios mentioned, it is suggested that you seek assistance from Alliotts in Auckland on 09 520 9200. Otherwise you are OK to make the GST input claims in your next GST return.

Topics: deductions Gst tax