Don’t forget January tax date

 

Every year we seem to have a client or two who goes on holiday and forgets to pay their tax. 

 

The second instalment of provisional tax for those with a March balance date falls on 15 January each year.

 

If you overlook this tax instalment and the resulting amount of use of money interest is large, it could pay to buy the tax from a tax intermediary. This is something we could arrange for you. It would enable you to avoid the penalty and reduce the interest charged by Inland Revenue, which is currently at the rate of 7 percent a year.

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