Facing an IRD tax audit or reassessment?

TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.

Facing a tax audit or reassessment?

TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.

Facing a tax audit or reassessment?

TMNZ can help reduce costs on all types of reassessed tax arising from tax audits and voluntary disclosures.

Cover historical tax

TMNZ has the largest pool of audit tax in New Zealand. The oldest tax in our pool goes as far back as 2007, putting us in the best position for tax audit protection.

Save on interest

TMNZ can help you reduce interest costs on additional tax to pay and save on tax audit penalties following a tax reassessment.

No matter what tax you owe

We can help with all reassessed tax — PAYE, FBT, GST, NRWT, terminal tax and provisional tax. We’re experts at keeping your tax reassessment stress-free.

Cover historical tax

TMNZ has the largest pool of audit tax in New Zealand. The oldest tax in our pool goes as far back as 2007, putting us in the best position for tax audit protection.

Save on interest

TMNZ can help you reduce interest costs on additional tax to pay and save on audit penalties following a tax reassessment.

No matter what tax you owe

We can help with all reassessed tax — PAYE, FBT, GST, NRWT, terminal tax and provisional tax. We’re experts at keeping your tax reassessment stress-free.

Using tax pooling for a tax reassessment

We might be able to help with historical tax owing if:

  • you’ve been through an IRD tax audit and found that you owe tax
  • or you’re undertaking a voluntary disclosure and have discovered that you owe tax.

And:

  • you apply to use tax pooling within 60 days of your tax reassessment.

In either case, you could save on interest by using tax in the pool. We can help with any type of tax, including PAYE, FBT, GST, NRWT, terminal tax, and provisional tax.

Get a quote

What we'll need

To help you with a tax reassessment, there are two things you need to know:

  1. the amount of tax you owe following the reassessment
  2. the date of the reassessment.

If you’re unsure where to find this information, we can help. Get in touch.

Tax Audit FAQs

A tax reassessment is an audit of your tax paid and is carried out by Inland Revenue. During a tax reassessment, IR will check that you have paid the correct amount of tax. Tax assessors have the right to audit your business without providing a reason.

There are different types of tax reassessments, including personal tax audits and business tax audits. A personal tax audit assesses people who are liable for paying tax from personal income, while a business tax audit checks whether a business has met its tax obligations. A tax audit can be done on any small business or large corporation.

In both situations, you may be able to use tax pooling to help you pay your reassessed tax. Using an IRD-approved intermediary can reduce your interest costs. You may also get more time to pay. New Zealand’s tax pooling rules allow for reassessments of different types of taxes, such as PAYE, FBT, GST, NRWT, terminal tax and provisional tax.

Tax reassessments don’t follow a specific time frame. How long it takes depends on what is being assessed. The size of your business and the standard of your records will also come into play. Inland Revenue will let you know if an extended time frame is needed.

A voluntary tax disclosure is when you choose to tell Inland Revenue about mistakes with your tax affairs. Any person or business liable for paying tax can make a voluntary tax disclosure. Even if you have already received a tax audit notice, you can still make a voluntary tax disclosure. This can be done in the initial interview stage or during the inspection of your records.

Making a voluntary tax disclosure can save you on penalty charges. In many cases, penalties on any tax shortfall can be reduced by 75% or even 100%.

You are better off making a voluntary disclosure than waiting for Inland Revenue to find inconsistencies with your tax payments.

Never miss a tax deadline

Pay your provisional tax on time, every time.

See upcoming provisional and terminal tax dates with TMNZ’s free calendar.

Download calendar