I’ve filed my return(s) at the same time I made a voluntary disclosure. Can I settle the tax I owe through TMNZ to reduce interest and eliminate late payment penalties?

In most cases, you will be unable to pay what you owe through us as the voluntary disclosure would count as the initial assessment. We can only help with reassessed tax. However, if you are looking to settle income tax or RWT where the original return has not been filed, you can send a written request to IRD asking the commissioner to exercise their discretion to allow the use of tax pooling. Please note that commissioner’s discretion is given on a case-by-case basis and specific criteria must be met (RP 17B(10) of the Income Tax Act 2007). If you are unsure or have any questions about commissioner’s discretion, please email our Client Services Team at support@tmnz.co.nz or phone 0800 829 888.