Managing tax debt?
See your new solution.
Inland Revenue has extended the use of tax pooling to cover eligible income tax debt in the 2023 and 2024 tax years. Work with TMNZ to settle your debt, without having to deal with Inland Revenue, and without incurring IR’s interest and penalties.
Managing tax debt?
See your new solution.
Inland Revenue has extended the use of tax pooling to cover eligible income tax debt in the 2023 and 2024 tax years. Work with TMNZ to settle your debt, without having to deal with Inland Revenue, and without incurring IR’s interest and penalties.
A smarter way to manage historic income tax debt, with TMNZ.
Sort tax debt before the window closes
TMNZ is here to help taxpayers and their advisors set up tax debt payment arrangements with less admin, clearer visibility, real savings and no stress.
Businesses have between 1 April 2026 and 30 September 2026 to set up a payment arrangement with TMNZ for their 2023 and 2024 income tax debt. They have until 30 September 2027 to clear the debt. TMNZ’s specialist team is here to help.
Watch our webinar
Designed to help accountants make the most of the new tax debt initiative.
Sign up to be the first to receive our webinar, a short practical resource explaining more about the tax pooling extension, who it applies to, and how TMNZ can help make the process easier, with flexible options that help clients save money.
What businesses are eligible?
To participate in the programme, a business must meet all of the following criteria:
- have income tax debt in the 2023 and/or 2024 tax years
- no overdue GST or PAYE*
- no outstanding income tax, GST or PAYE returns
- not bankrupt or liquidated
- and not under legal proceedings related to revenue recovery.
Importantly, businesses who already have an instalment arrangement with Inland Revenue for 2023 or 2024 income tax debt can still join the programme.
*If your client has GST or PAYE arrears but is already in a payment plan with IRD for that tax, the Commissioner has discretion to let them join this programme to manage their income tax arrears. We expect the Commissioner will want to see that the IRD payment plan is being met before exercising his discretion. Our application form below covers this.
What businesses are eligible?
To participate in the programme, a business must meet all of the following criteria:
- have income tax debt in the 2023 and/or 2024 tax years
- no overdue GST or PAYE*
- no outstanding income tax, GST or PAYE returns
- not bankrupt or liquidated
- and not under legal proceedings related to revenue recovery.
Importantly, businesses who already have an instalment arrangement with Inland Revenue for 2023 or 2024 income tax debt can still join the programme.
*If your client has GST or PAYE arrears but is already in a payment plan with IRD for that tax, the Commissioner has discretion to let them join this programme to manage their income tax arrears. We expect the Commissioner will want to see that the IRD payment plan is being met before exercising his discretion. Our application form below covers this.
Why choose TMNZ?
We know managing tax debt can be stressful and time consuming, as well as costing businesses dearly. Our IRD-approved product is designed to help you:
Save money
TMNZ eliminates all IRD late payment penalties, while our interest rates are much cheaper than IRD’s interest and bank lending
Get clear visibility
Clear reporting for you and your clients, to show progress against the debt repayments
Reduce admin time
Set up an arrangement for your clients, and TMNZ will manage all the follow ups
Avoid dealing with IRD
Once registered in this programme, there’s no need for your client to deal with IRD in respect of this debt.
Ready to get started?
There are a few steps involved in joining the Tax Debt programme.
Accountants will need to:
- Apply on behalf of clients using the form below
- TMNZ will submit the application to Inland Revenue
- Once TMNZ receives confirmation from IRD that the client is eligible, we will send you a tax pooling arrangement setting out the cost to settle the debt, and payment instructions
Get specialist support
If you would like to know more about how we can support your firm and clients, please book a call with TMNZ’s tax debt specialists.
FAQs
No. These arrangements need to be first approved by IRD so that they can hold off any recovery action while you work with TMNZ to clear the debt.
Enter the details of the taxpayer and their debt here.
IRD provided data in December that shows 139,152 taxpayers owed $1.25b income tax debt in the 2023 and 2024 years. About $680m of this relates to businesses.
The pilot programme extends the use of tax pooling for income tax debt in the 2023 and 2024 tax years.
Unfortunately we cannot use pooling to help clients pay their GST and PAYE debt.
No. Once you are in the programme, Inland Revenue will set a tag against your client’s account so that no debt follow up will occur for the 2023 and 2024 years.
To participate in the programme, a taxpayer must meet all of the following criteria:
- have income tax debt in the 2023 and/or 2024 tax years
- no overdue GST or PAYE*
- no outstanding income tax, GST or PAYE returns
- not bankrupt or liquidated
- and not under legal proceedings related to revenue recovery.
Importantly, businesses who already have an instalment arrangement with Inland Revenue for 2023 or 2024 income tax debt can still join the programme, and will save money by doing so.
* The Commissioner has discretion to waive any of these conditions where a taxpayer has entered into a payment arrangement with IR for the outstanding GST or PAYE debt.
The programme is designed to assist otherwise compliant taxpayers to get back on track with their tax debt position.
Inland Revenue requires that all income tax, GST and PAYE returns are up to date.
You have until 30 September 2026 to join the programme, so once your tax return filing is back on track, you can register with us.
The Commissioner has discretion to waive the return filing conditions where a taxpayer has entered into a payment arrangement with IR for their outstanding debt.
The programme eligibility rules state that you cannot have any outstanding GST or PAYE taxes when you enter the programme.
However, the Commissioner may waive these criteria if the overdue taxes are already under a payment plan with Inland Revenue.
You have until 30 September 2026 to join the pilot program, so if you address the GST and PAYE tax debt by that date (either pay it off or enter into a payment plan), you can still benefit from this initiative.
Using TMNZ will eliminate late payment penalties and significantly reduce the interest cost.
For instance, to settle in April 2026 a $20,000 debt due comprising $10,000 in each of the 2023 and 2024 years will cost at least $1,876 less than paying IRD. That’s a 31% saving.
You must clear the tax debt by 30 September 2027.
We suggest that you make regular payments designed to clear the debt by that date. The sooner you repay the debt, to sooner the interest cost turns off.
In some cases you might be waiting for a lump sum cash amount to be received from an asset sale or a customer. In those cases we can set up a specific payment date in the future for you to pay the tax.
There is no minimum payment.
We will monitor your progress to ensure that you are on track to settle the debt by 30 September 2027.
For tax agents, we are happy to deal directly with your client on payment of the debt, and can keep you informed of progress if you wish.
We will set up your arrangement to give you flexibility on your repayments. We will suggest a minimum regular payment to ensure that your debt is cleared.
If you miss a payment, we will adjust the arrangement to reflect that a payment has not been made.
We will send you a statement every month showing you how much you still owe.
If you are unable to complete the arrangement, TMNZ will close it and refer your debt back to inland Revenue.
We will talk to you before this happens and ensure that we have considered options for you to pay the tax.
Inland Revenue faces a massive challenge with tax debt. This pilot programme recognises that many taxpayers already manage their tax payments with a tax pool and is designed to test whether increasing the scope of tax pooling will improve compliance with tax payments.