Who can use Taxi?

Who can and can't use Taxi

Taxi uses the tax pooling framework and uses tax payments that have been paid into a “tax pool”. If your clients are already using Tax Traders, you’re in an excellent position to recommend Taxi to them. Your clients can start accessing funding through Taxi straight away, using their existing tax payments, deposited into a tax pool.

If your clients are not using Tax Traders yet, now is the perfect opportunity to recommend this. Once your clients have paid their tax payments into the Tax Traders tax pool, they can access funding via Taxi when they need it (and chances are they will!).

Businesses that are not eligible to use Taxi are those:

• Not paying provisional tax
• On a payment plan with IRD to settle historic tax obligations
• Using the AIM provisional tax method.

Taxi cannot be used for terminal tax obligations.