Let us know before the due date if possible and we can contact IRD on your behalf to get things underway. You can also contact us after the due date – it’s not too late, but please be aware that late payment penalties will be added to the amount overdue until IRD agrees to the arrangement.
Once underway, interest will be applied at 7% p.a on the outstanding amount, but to no further penalties will accrue.
It is important to be able to keep up with other tax obligations, so keep this in mind when thinking about the timing and the amount of instalments.
Contact the experts at Oxford Edge, and we can discuss your options further: 03 379 6710.