The Government is also proposing that the Commissioner of Inland Revenue should be allowed a time-limited discretion to waive use-of-money interest if a taxpayers' ability to make a tax payment on time has been significantly adversely affected by the COVID-19 outbreak. Taxpayers' use-of-money interest is when they underpay their tax. It compensates the Government for the time value of money lost because of the underpayment. The interest applies to all tax types administered by Inland Revenue, as well as underpayments of tax that are withheld at source and for Working for Families' debt. We know that people are going to be facing tough times, so allowing the IRD to cancel use-of-money interest provides targeted relief to directly affected taxpayers facing cash-flow pressures. This is a very important measure. It would apply for all tax payments due on or after 14 February 2020. 