Paying with TMNZ

Why would my Tax Finance be lapsed?
Why would my Tax Finance be lapsed? 150 150 Support

Your Tax Finance arrangement lapsed for a couple of reasons: The Tax Finance fee was not paid by the due date. The tax amount was not paid by the maturity date. The Tax Finance arrangement was requested to be lapsed. If you feel your Tax Finance arrangement was incorrectly lapsed, please let contact our Client…

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What do I do if I want to lapse my Tax Finance?
What do I do if I want to lapse my Tax Finance? 150 150 Support

Simply email our Client Services Team at support@tmnz.co.nz or phone 0800 828 888 and we will lapse it for you.

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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’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?
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? 150 150 Support

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…

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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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