From the 1st March 2020, cheques are no longer being accepted by the IRD. Here’s a reminder on ways of paying tax:-
- The safest and quickest way to pay the IRD is online – either in myIR or through your bank.
- Cash or Eftpos payments are accepted at a Westpac branch. However, from 1st July 2020 you will also need to have a barcode to ensure the payment can be correctly allocated. Barcodes are usually printed on IRD returns, statements or letters. They can also be generated on the IRD website, which then can be printed or just shown on a mobile device.
- Automatic payments – 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 the IRD website and search for IR586.
If you need any further advice regarding tax payments, please contact us on 09 636 3332.