How to swap tax

Access the taxpayers account

If you are wanting to swap 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:

Initiate a swap

To start a swap, hover over Manage tax and select Swap.

Create your swap

From within the swap screen, choose your deposit to swap, tax type, period, date and amount.

Selecting Transfer to IRD will also allow you to choose the specific taxpayer if associate taxpayers are configured. 

💡TIP: if you want funds to swap funds to a different tax date, select Custom dates to enter your required date.

Confirm your swap

The following screen will confirm the swap dates, along with the interest received or paid as part of the swap.

Swapping tax forward results in interest received, while swapping tax backwards results in interest paid. This interest is always included within the swap itself, not paid or deposited into the pool.

Once happy with the swap, click Submit request to confirm the transaction.