So this is one of those reminders that no one wants to receive!
This is friendly reminder that Provisional tax and GSt is due tomorrow 28th (or Monday as this is the next working day)
While these payments are due IRD is VERY understanding with regards to the current situation and impacts on cashflow.
So please if you are unable to make payments that are due, contact IRD to firstly let them know how impacted you are.
This is straight forward to do and is done via your MYIR account - see screenshots below
You can also see this is the same place that can apply for the Resurgence payment as well as set up an Installment arrangement
IRD is also granting remission of penalties and interest for late payments, that have occurred due to the impact of Covid.
When the Commissioner will remit penalties and UOMI
To be eligible for remittance of penalties and UOMI, the taxpayer must meet the following criteria:
Information to be provided when requesting relief
Inland Revenue is trying to minimise the information they would ask to be provided during these unusual times. By continuing to file GST and other returns we will have a lot of the information they would normally ask that you provide to us.
However, everyone should be able to provide, if asked, at least three months banks statements and credit card statement; any management accounting information; a list of aged creditors and debtors.
They will not ask for that information in every case, but the information should be available if we do ask for it.
This is a lot of information to take in, I am here if you have questions or need help!