The IRD is set to be cracking down harder on those who don't pay their taxes properly, and they've unveiled new measures for people who ignore correspondence.

The department will start taking money out of people's bank accounts if they owe over a certain amount - and they've recovered at least $17 million so far.

The IRD's Tony Morris says they aim to phone people at least twice before they start directly taking money out of accounts.

"Other times, we might just contact people once or twice and then take money out of their accounts so they don't squander it." 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

The IRD is set to be cracking down harder on those who don't pay their taxes properly, and they've unveiled new measures for people who ignore correspondence.
The department will start taking money out of people's bank accounts if they owe over a certain amount - and they've recovered at least $17 million so far.
The IRD's Tony Morris says they aim to phone people at least twice before they start directly taking money out of accounts.
"Other times, we might just contact people once or twice and then take money out of their accounts so they don't squander it."&nbsp;
LISTEN ABOVE
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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