Important information for clients with 7 February terminal tax

Important information for clients with 7 February terminal tax

Important information for clients with 7 February terminal tax Lee Stace

Read me WEBSITEPlease be aware that clients with a 7 February* terminal tax date who have not settled their 2014 income tax liabilities must pay for tax purchases before 15 April.

There is no discretion for late tax purchases to be transferred to Inland Revenue (IRD).

If your clients need to buy 2014 provisional or terminal tax, please log in to your Tax Management NZ account or call 0800 829 88 to arrange a purchase.

IRD will not accept the use of purchased tax pool funds to settle your clients’ 2014 income tax liabilities if they are more than 75 days past their terminal tax date.

*This includes March-September balance date clients without extension of time (EOT), and January balance date clients with EOT.