Around 9000 clubs, societies, trade associations, professional and regulatory bodies and industry councils are in line to possibly be slapped with a tax bill.

Inland Revenue has changed its interpretation of the law, and now believes the subscriptions and levies members pay to some not-for-profit organisations should be taxed.

Independent tax expert Geof Nightingale joined the Afternoons team to explain further.

LISTEN ABOVE

Around 9000 clubs, societies, trade associations, professional and regulatory bodies and industry councils are in line to possibly be slapped with a tax bill.
Inland Revenue has changed its interpretation of the law, and now believes the subscriptions and levies members pay to some not-for-profit organisations should be taxed.
Independent tax expert Geof Nightingale joined the Afternoons team to explain further.
LISTEN ABOVE

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We’re bringing you an exciting new era on Newstalk ZB with Matt Heath &amp; Tyler Adams Afternoons.
With years of media and broadcast experience between them, this team brings a fresh and unique perspective to your weekdays.
Matt and Tyler dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath and Tyler Adams dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath & Tyler Adams Afternoons

Geof Nightingale: independent tax expert on the IRD's plan to tax 9000 clubs, societies and not-for-profits

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7672c952-db7d-49b2-8179-b291001e5f96/transcript