Use of Money Interest

Coronavirus Tax Changes

Leave a Comment / Coronavirus, Depreciation, Tax, Tax relief, Tax returns / By

Coronavirus Tax Changes The coronavirus pandemic has seen some significant tax changes announced. Media attention seems to have focused on the announcement on wage and salary subsidies but the government has also announced some important changes for the 2021 income year (1 April 2020 – 31 March 2021). Depreciation on Low Value Assets For nearly …

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Use of Money Interest Rate Change

Leave a Comment / Interest, Tax finance, tax payment, Tax pooling, Use of Money interest / By

Use of Money Interest Rate Change Use of Money Interest is charged by the IRD interest when too little tax is paid. They also pay interest when too much tax is paid. The amounts differ significantly however. Although the Use of Money Interest rates are not penalties per se, they are designed to act as …

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