This note is not part of the order, but is intended to indicate its general effect.
This order, which comes into force on the day after its notification in the Gazette, amends the Tax Administration (Emergency Event—Canterbury Earthquake) Order 2010 so as to renew it until 30 September 2011. This renewal is to cater for the aftershock of the Canterbury earthquake centred in Lyttelton on 22 February 2011.
The amended order will apply to taxpayers that are physically prevented by the Canterbury earthquake or any aftershock from making a payment required by tax law. For example, this will include individuals and companies that are prevented from making PAYE payments to the Commissioner of Inland Revenue because staff or tax agents are unable to access the relevant building or because the records have been destroyed.
The effect is that taxpayers may ask the Commissioner of Inland Revenue to remit interest charged under Part 7 of the Tax Administration Act 1994 for failing to make payments on a due date. The Commissioner may then remit the interest if the Commissioner is satisfied that—
it is equitable that the interest be remitted; and
the taxpayer asked for the relief as soon as practicable; and
the taxpayer made the payment as soon as practicable.