Simply email our Client Services Team at firstname.lastname@example.org or phone 0800 828 888 and we will lapse it for you.read more
No, Tax Finance can only be used to defer income tax payments.read more
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®.read more
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…read more
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…read more
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.read more
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…read more
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…read more
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…read more
If I pay my Flexitax® arrangement via instalments, how often does tax get transferred to my IRD account?
We transfer tax to IRD monthly, usually around the end of the month.read more