Have you received the latest update from Inland Revenue with ways you can now pay your tax? Read on to find out more…
No more cheques – pay online instead
From 1 March 2020 IRD will stop accepting payment by cheque, including cheques dated after 1 March. The safest and quickest ways for you to pay tax is online – either in myIR or through your bank.
For more information on the online payment options check out ird.govt.nz/cheques
Cash or Eftpos at Westpac
You can continue to make cash or Eftpos payments at a Westpac branch. However, from 1 July 2020 you’ll need to have a barcode to ensure the payment can be correctly allocated.
Barcodes are usually printed on Inland Revenue returns, statements or letters. Barcodes can also be generated on their website, which can be printed, or just shown on a mobile device.
To generate a barcode go to ird.govt.nz/barcode
Online or in-branch payments are not for everyone, so automatic payments might be better. It allows for two signatories, and when completed correctly is an instruction to make a regular series of payments, such as debt or arrears. Payment processing times can vary, so check with your bank. For instructions, and to download the form, visit Inland Revenue’s website and search for IR586.
Sourced from release to tax agents, issued by Corey Sinclair, Manager, Inland Revenue 20/02/2020