This article was originally created for Hayes Knight (now Nexia Auckland).
Home > Updates > New rules for employee allowances
The key changes are:
A concessional treatment allows employers the option to backdate the accommodation rules to accommodation provided from 1 January 2011 provided they have not taken a tax position before 6 December 2012 that the accommodation was taxable.
Similarly, employers have the option to apply the work-related meal rules from 1 April 2011, provided they have not already taken a tax position that the expenditure is taxable.
If you have any queries regarding allowances paid to your employees, please contact your Hayes Knight advisor.