decisions. Over time this could give their non-compliance and to possible to estimate rise to significant differences in establish the value of the Unfairness in treatment its fiscal impacts. treatment between taxpayers in financial penalty. will lead to taxpayers similar circumstances. losing confidence in the Very complex to understand integrity of the tax Taxpayers with more knowledge of and to implement. High system and its the tax system would be more administration costs to administration by Inland likely to be successful in not having Inland Revenue. Revenue. a late payment penalty imposed.
decisions. Over time this could give rise to significant differences in treatment between taxpayers in similar circumstances. Taxpayers with more knowledge of the tax system would be more likely to be successful in not having a late payment penalty imposed. their non-compliance and to establish the value of the financial penalty. Very complex to understand and to implement. High administration costs to Inland Revenue. Unfairness in treatment will lead to taxpayers losing confidence in the integrity of the tax system and its administration by Inland Revenue. possible to estimate its fiscal impacts.
2016-ris-bteirm-bill-4.docx