2014 terminal tax

  • Lee Stace
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Window to buy 2014 tax now closed
Window to buy 2014 tax now closed Lee Stace

You can no longer purchase tax from Tax Management NZ (TMNZ) to settle 2014 income tax liabilities, unless you have received a reassessment notice from Inland Revenue (IRD). IRD will otherwise not accept the use of purchased tax pool funds to settle provisional and terminal tax liabilities as we are now more than 75 days…

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  • Lee Stace
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Tax pool transfers to IRD
Tax pool transfers to IRD Lee Stace

Tax Management NZ (TMNZ) has received a number of enquiries from clients about tax pooling transfers for the 2014 income year not appearing on their statements from Inland Revenue (IRD). Some have also received a letter from IRD notifying them their 2014 terminal tax payment is overdue. Please tell your clients not to panic and…

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

Please 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…

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  • Lee Stace
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Missed paying 7 April terminal tax? There’s no need to worry
Missed paying 7 April terminal tax? There’s no need to worry Lee Stace

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…

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  • Lee Stace
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Important information for clients with 7 February terminal tax
Important information for clients with 7 February terminal tax Lee Stace

Please 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,…

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  • Lee Stace
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Tax pooling deadline for December balance dates
Tax pooling deadline for December balance dates Lee Stace

Please be aware that clients with December balance dates who have not settled their 2014 income tax liabilities must pay for tax purchases before 31 March. There is no discretion for late tax purchases to be transferred to Inland Revenue (IRD). If any of your clients have a 15 January terminal tax date* and still…

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