Tax Outturn Data
Page updated 21 Feb 2014
Tables of monthly tax revenue and receipts from collecting departments.
Tax data are sometimes difficult to interpret as economic indicators, but tax outturns are among the earliest data available about the state of the economy. The Government has decided that it is important that this information about the economy should be available to market analysts, and the general public, as soon as possible.
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 December 2013
Total unconsolidated tax receipts for the six months ended December 2013 were $42 million (0.1%) above the 2013 Half Year Economic and Fiscal Update (2013 HYEFU) forecast and $1.9 billion (7.0%) higher than the same period last year.
Total unconsolidated tax revenue for the six months ended December 2013 was $126 million (0.4%) below the 2013 Half Year Economic and Fiscal Update (2013 HYEFU) forecast and $2.2 billion (7.2%) greater than the same period last year. All major tax types were close to forecast. For further details refer to the Financial Statements of the Government of New Zealand for the Six Months Ended 31 December 2013.
The figures reported in the spreadsheets below are on an unconsolidated basis, summing 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.
Change in data format with effect from Dec 2013 outturn
The formats of the spreadsheets below have changed.
Owing to a data confidentiality issue that the Treasury was recently made aware of, in all of the spreadsheets, the component split of excise duties is no longer shown. Combined excise duty and customs duty totals for each type of excise are provided in the monthly history spreadsheet.
In the monthly history spreadsheet, revenue and receipts data are now displayed on one tab each instead of being spread across a number of tabs. To avoid confusion, refunds are now displayed as negative values. Thus in months when refund reversals were greater than refunds paid, the net refunds are shown as positive values.
|21 Feb 2014||Tax Outturn Data December 2013 - Receipts||tax-receipts-dec13.xls (35 KB)|
|21 Feb 2014||Tax Outturn Data December 2013 - Revenue||tax-revenue-dec13.xls (36 KB)|
|21 Feb 2014||Tax Outturn Data Monthly History
Receipts from July 1990, revenue from July 1993.
|tax-history-dec13.xlsx (416 KB)|
Next Release of Tax Outturn Data
We publish 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, we will put a message 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 tax receipts and revenue from July 1990 and July 1993 respectively. Note that receipts and revenue are now displayed on one tab each. Previously, they were archived in 10 year segments.
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.