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Lloyd Evaroa

What happens if I don’t pay the Tax Finance fee by the due date?
What happens if I don’t pay the Tax Finance fee by the due date? 150 150 Support

If you can’t pay your finance fee by the due date, your Tax Finance arrangement will be cancelled (lapsed). If you still need tax, you can pay for it through Flexitax®.

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Can I deposit tax for a group of entities?
Can I deposit tax for a group of entities? 150 150 Support

Yes, all you need to do is set up one of the related entities as the ‘parent’ and add the other taxpayers part of the same group. Once you have finalised your position for the year, simply create a transfer through your dashboard, allocating the tax to each entity according to the dates that they…

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I want to make a voluntary disclosure for unreported tax. I have not filed a tax return for this tax type. Can I use pooling?
I want to make a voluntary disclosure for unreported tax. I have not filed a tax return for this tax type. Can I use pooling? 150 150 Support

In cases where a taxpayer was unaware that they had a tax liability, and later wants to make a voluntary disclosure to report the liability, tax pooling can be used subject to the conditions set out in sections RP 17B (12) to (14) of the Income Tax Act 2007. Inland Revenue will exercise their discretion…

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When will my Flexitax® payment(s) show up in my IRD account?
When will my Flexitax® payment(s) show up in my IRD account? 150 150 Support

Once we transfer your tax to IRD, it normally takes them three weeks from the date of transfer to process this payment. Please note that it might take a bit longer (up to six weeks) for payments made between March and June to be processed due to the high volume of transactions during this period.

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How do I make payment to TMNZ?
How do I make payment to TMNZ? 150 150 Support

Payments are made through online banking or by cheque. Simply follow the payments instructions on the email we send to you outlining your arrangement. A list of the bank accounts can be found below. Paying the Tax Finance fee Tax Management NZ Fee Account 03-0104-0820572-22 Reference: Client name and IRD number Paying Tax Finance principal…

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Why would IRD reject my payment?
Why would IRD reject my payment? 150 150 Support

IRD may reject a payment for many reasons. The following checklist can help to determine if your transaction might be rejected: Did you have a notice of reassessment when you made your payment through TMNZ? When you made your payment through TMNZ, had it been more than 60 days since your notice of reassessment was…

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Can I make changes to my Flexitax® arrangement if I made an error?
Can I make changes to my Flexitax® arrangement if I made an error? 150 150 Support

Yes, just click edit on your arrangement to make changes to any of the details. You can even change the amount of tax you need and the tax dates you need tax at. Please note this will not change tax that has already been paid or sent to IRD. If you need to amend tax…

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If I pay my Flexitax® arrangement via instalments, how often does tax get transferred to my IRD account?
If I pay my Flexitax® arrangement via instalments, how often does tax get transferred to my IRD account? 150 150 Support

We transfer tax to IRD monthly, usually around the end of the month.

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After making my initial payment, are there any set amounts I need to pay if I opt to pay my Flexitax® arrangement in instalments?
After making my initial payment, are there any set amounts I need to pay if I opt to pay my Flexitax® arrangement in instalments? 150 150 Support

No, with Flexitax® you can pay what you want, when you want, provided you pay off the remaining balance no later than 75 days past your terminal tax date.

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How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates?
How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates? 150 150 Support

You can see the amount you have left to pay on your Flexitax® arrangement through your dashboard. We also send monthly statements notifying you of the remaining balance.

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