Buying tax
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      2. Transactions and account management
      3. Buying tax

      How to buy tax

      To purchase tax within the Tax Traders platform, please follow the steps below

      Access the taxpayers account

      If you are wanting to purchase tax for a client, the first step is to access the account for the taxpayer you are wanting to purchase tax for. This can be done within the My taxpayers section as below, by clicking on the IRD number or Taxpayer name:

      Create a quote

      To buy the tax, you can select either the Purchase a missed payment box or select Manage tax > Buy. Both options will get you to the same section within Tax Traders.

      or
       

      Select your tax period

      Check each option within the Tax period/tax year section. Each option will impact the way our buy calculator calculates the potential options within the subsequent steps of purchasing the tax.

      💡TIP: if wanting to send tax to an associated taxpayer, check Transfer to IRD when order is complete to choose the correct taxpayer for the purchase to be sent to.

      Tax requirements

      By default, the calculator will populate with the expected assessment dates for the tax period select in the first step. 

      In the tax requirements section, you can enter the required tax for each assessment date that you are looking to purchase. You can leave dates blank if nothing is required.

      💡TIP: each field is able to edited manually if you want to change the tax date, tax type or tax year depending on your requirements.

      Payment option

      Depending on how the purchase will be paid for, you can then choose from one of 4 options:

      1. Single payment - one payment is made for the full order. Click customise to choose your payment date.
      2. Interest upfront - interest is paid first (non-refundable) and then core tax only is paid over time. Click customise to adjust this option to utilise instalments as well.
      3. Instalment plan - specific instalments payable weekly, fortnightly or monthly. Select customise to adjust the parameters.
      4. Pay as you go - no specific parameters are in place, payments can be made against the order as funds are available and the interest is adjusted accordingly.

      Note: all payment options will be limited based on the 75 day cut-off period for tax-pooling after the terminal tax date set in step 1. 

      Summary

      The summary page will now show you all details of the order. This will also include a comparison between the cost with Tax Traders and the cost with IRD. This can be printed and sent to your client, saved for later use or click on submit request to get the order confirmed on the account. 

      What next?

      Once the tax is paid, the funds will be sent to IRD (if this was selected during the purchase) or held in the pool for a later date. 

      You can see all upcoming arrangements and purchases within the transaction history.