TIB - February 1999

Legislation and determinations

• Livestock values – 1999 national standard costs for specified livestock
• Laser cutting machines (DEP43)
• Use of money interest rates from 8 March 1999

Interpretation guidelines

• Employee or independent contractor?

Standard practice statements

• Shortfall penalties – application where returns are amended before due date (INV-570)
• GST returns – correcting minor errors (INV-490 clarified)
• General interest items Interest, withholding taxes and approved issuer levy

Interpretation statements

• Available subscribed capital – energy companies

Legal decisions – case notes

• PAYE refund to payer or insurance agent (TRA 98/10)