How does Taxi work?

The process for using Taxi is straightforward and detailed below:

1. Your client creates an account with Taxi. No financial disclosures or credit checks are required, apart from a standard AML check.
2. Your client pays their provisional tax through Taxi. These payments are held on their behalf, by Public Trust, at Inland Revenue.
3. Taxi allows these payments to be used as security to access affordable funding and meet their tax obligations at the same time.
4. When your client requires funding, they can access an amount equal to 90% of the provisional tax paid through Taxi or Tax Traders in the last 12 months.
5. Access is straightforward and funds are in their bank account within 3 working days, without further application or documentation. Repayment is flexible and works with your client’s business.
6. Following your client’s terminal tax date, we transfer their tax payments to IRD, within the legislative time frame.