Tax Outturn Data
Page updated 11 May 2015
Tables of monthly tax revenue and receipts from collecting departments.
Total unconsolidated tax revenue for the 9 months ended March 2015 was $741 million (1.4%) above the 2014 Half-Year Economic and Fiscal Update (2014 HYEFU) forecast and $3.2 billion (6.4%) greater than the same period last year. Corporate tax, other persons tax and customs & excise duties were above forecast. GST was below forecast.
Monthly tax outturn data are published here usually just over six weeks after the end of the month, shortly after they are reported to Ministers.
Outturns for March 2015
Total unconsolidated tax revenue for the 8 months ended February 2015 was $68 million (0.1%) above the 2014 Half-Year Economic and Fiscal Update (2014 HYEFU) forecast and $2.5 billion (5.5%) greater than the same period last year. Other persons tax and customs & excise duties were above forecast, while GST was below forecast.
Total unconsolidated tax receipts for the 9 months ended March 2015 were $602 million (1.1%) above the 2014 HYEFU forecast and $3.7 billion (7.5%) higher than the same period last year. Corporate tax, other persons tax and customs & excise duties were above forecast. For further details, refer to the Financial Statements of the Government of New Zealand for the Nine Months Ended 31 March 2015.
The figures reported in the spreadsheets below are on an unconsolidated basis, adding to total tax, and differ from the figures reported in the monthly financial statements of Government. The monthly financial statements are prepared on a consolidated basis, meaning they eliminate tax transactions between Departments, State-owned enterprises and Crown entities. The eliminations are included in Section III in the Monthly History spreadsheet for comparison with the figures in the financial statements of the Government.
|11 May 2015||Tax Outturn Data March 2015 - Receipts||tax-receipts-mar15.xlsx (22 KB)|
|11 May 2015||Tax Outturn Data March 2015 - Revenue||tax-revenue-mar15.xlsx (22 KB)|
|11 May 2015||Tax Outturn Data Monthly History
Receipts from July 1990, revenue from July 1993.
|tax-history-mar15.xlsx (431 KB)|
Next Release of Tax Outturn Data
The Treasury publishes tax outturns in conjunction with the release of the monthly Financial Statements of the Government of New Zealand. Sometimes there are delays in data collection due to audits, holidays, or changes to processes. If the release date should change, a message will appear on this page and on the Treasury main page. The upcoming release dates are listed on the Treasury's Calendar of Upcoming Releases. The standard time for each release will be 10am.
Glossary of Tax Terms
The Glossary of Tax Terms explains some of the common names and terms used in tax-related reports, including the difference between tax receipts and tax revenue. Where relevant, notes explaining if the tax type no longer exists and when it was abolished, its relative importance in the overall tax take etc are included.
Tax Revenue Outturns
Tax revenue, which measures tax due in a given time period, entails estimation. Some tax types use taxpayers' own estimates from their tax returns. These are subject to revisions when new returns are filed, application of revenue recognition rules when assessments and payments do not reconcile, etc. Other tax types require some estimation from the tax-collecting entity because returns for the current period are usually unavailable at the time of reporting. While several checks are done, such as sampling and individually reviewing exceptionally large estimates, the nature of revenue means it is more difficult to measure than receipts. Tax revenue figures are audited independently at 30 June each year and adjustments made if necessary. For these reasons, the monthly track of many tax types may be more erratic for revenue than receipts.
Notes on Historical Data
The "Monthly history" spreadsheet includes monthly tax receipts and revenue data from July 1990 and July 1993 respectively. Each worksheet tab contains up to four sections. The first section displays monthly cash receipts/accrual revenue by tax type. We have omitted some very minor taxes.
The second section consists of aggregates: individuals, corporates (net company, foreign-source dividends, non-resident withholding), net GST.
The third section shows the eliminations that, when removed, give Core Crown Tax and Fully Consolidated Tax respectively.
The fourth section shows tax write-offs by tax type. From June 2007, we have reported tax revenue gross of tax write-offs, whereas previously they were reported net of tax write-offs. Tax write-offs are now included separately as an expense item in the financial statements. To get a series consistent with the figures prior to June 2007, users of the data may like to subtract tax write-offs from the same tax revenue line above.