Covid -19  -  Trading stock valuations as at 31 March 2020


If you were unable to under take your stock valuation as at 31 March 2020 due to the lock down, IRD will allow a late 2020 stock take, provided it is carried out as soon as practicable and no later than 31 May 2020.

The closing stock figure needs to be reconstructed by adjusting for post-balance date sales and purchases - those made between balance date and the late stock take date. 

Please contact us if you require any assistance in this area.   




Please note: The above E-newsletter notes and the related articles on our website are of a general nature and therefore we urge clients who may be affected by these changes to contact us to discuss your specific circumstances before making any changes or drawing any conclusions.

If you do not wish to receive these E-newsletters please use the unsubscribe option below.

Get in contact

  • Takapuna Office

    Ground Floor, Takapuna Finance Centre
    159 Hurstmere Road
    P O Box 331 626
    Takapuna, Auckland

    Phone +64 9 414 4050
    Fax +64 9 447 1645
    Make appointment
    Get Directions