Post Payment Integrity Work
From the last week in January 2022 Inland Revenue will begin undertaking post payment eligibility reviews of customers who received a Resurgence Support Payment (RSP) from August 2021.
They are referring to these as Post Payment Verifications (PPVs) and will be asking customers to supply the supporting information (such as bank statements) used to support their revenue drop calculation when making their RSP claim, and/or the application of the RSP to business expenses.
If we applied for the RSP on your behalf, we will be contacted by the Inland Revenue.
If you applied for the RSP directly, the request for information will be issued to you.
The timeframe to respond to a PPV is reasonably short at 5 working days.
Where the review finds that the eligibility criteria or payment conditions have not been met, a repayment may be sought.
In case you missed it, a one-off transition payment is available to eligible businesses from 10 December 2021. It is available through the Resurgence Support Payment system in myIR with the same eligibility criteria as the RSP. The payment is at a higher base rate than the current RSP: $4,000 per business plus $400 per FTE up to a cap of 50 FTEs — a maximum payment of $24,000.
The affected revenue period for the transition payment will be set between 3 October and 9 November and must be compared to a typical week in the 6 weeks prior to 17 August 2021.
If you need support with your PVV or Transition Payment, please contact us.