Tax pooling deadline for March balance date clients without EOT

Tax pooling deadline for March balance date clients without EOT

Tax pooling deadline for March balance date clients without EOT Lee Stace

Do not forgetPlease be aware that March balance date clients without an extension of time (EOT) who have yet to settle their 2014 income tax liabilities have until 15 April to buy tax from Tax Management NZ (TMNZ).

If any of your clients have a 7 February terminal tax date and need to buy tax, log in to your TMNZ account or contact us today to arrange a Tax 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.

What if my client has a 7 April terminal tax date?

There’s no need to panic. Clients with a 7 April terminal tax date have until 15 June to purchase 2014 provisional or terminal tax.

Below is a table that highlights some key dates of which you need to be aware.

Balance date Last date to purchase 
(without EOT)
Last date to purchase 
(with EOT)
January-14 Date has passed 15 April
February-14 Date has passed 1 May
March-14 15 April 15 June
April-14 15 April 15 June
May-14 15 April 15 June
June-14 15 April 15 June
July-14 15 April 15 June
August-14 15 April 15 June
September-14 15 April 15 June