How to purchase a missed payment
If your client hasn’t paid their provisional tax by the due date, you can purchase tax from Tax Traders’ tax pool. Buying tax from the pool will save your client money. It works out to be approximately 35% cheaper than settling a late payment with Inland Revenue (IRD) directly.
Do it all online in few minutes:
If you’re an individual taxpayer, we recommend you ask your Accountant to contact Tax Traders so we can get the best outcome for you.
How does it work?
Tax pooling allows you to buy someone else’s tax to settle your client’s outstanding taxes with Inland Revenue. This is a win-win outcome because the person selling the tax receives more interest than Inland Revenue’s standard interest rates. It’s a classic example of taxpayers helping each other for mutual advantage. Tax Traders is an Inland Revenue-approved tax pooling intermediary, and acts like a broker to facilitate this market.
Tax Traders has tax available to meet liability from 2006 onwards.