IRD payment allocation rules explained
IRD payment allocation rules explained https://www.tmnz.co.nz/wp-content/uploads/2021/01/Rules-1200x630-1.jpg 1200 630 Lee Stace https://secure.gravatar.com/avatar/f49aa15ec0cf374c0a01e6c2d1099979?s=96&d=mm&r=gProvisional tax payments made on or before the date of the final instalment for the year are applied to the oldest overdue tax amount first while payments made after the date of the final instalment are applied to the interest owing on any overdue tax first, then the overdue tax amount. The IRD payment allocation…