You do not need to worry if you missed paying terminal tax for the 2014 income year on 7 April.
Tax pooling can be used up to 75 days after your terminal tax date to settle 2014 provisional and terminal tax liabilities.
Buying tax from Tax Management NZ (TMNZ) can eliminate Inland Revenue late payment penalties and reduce interest costs by up to 30 percent.
You have until 15 June to buy 2014 income tax from TMNZ if you have a 7 April terminal tax date.
What if I have a 7 February terminal tax date?
You still have time to purchase tax from TMNZ – but this must be done by 15 April.