Permanent loss carry-back scheme coming

Thu, 30 Apr 2020

The government intends to enact a permanent version of the loss carry-back tax scheme introduced in response to the covid-19 impact on firms’ profitability.Legislation to introduce a temporary version of the scheme was introduced to Parliament today.A permanent scheme is envisaged from the 2021/22 tax year, notes with the Covid-19 Response (Taxation and Other Regulatory Urgent Measures) Bill say.“The longer-term regime may be more traditional, such as not allowing a refund before the loss has been established and may have more...

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Politics

Media react to Melissa Lee sacking

The sector is keen to work with new minister Paul Goldsmith amid its financial crisis.

Daniel Dunkley 5:10pm

Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm