How to customise a tax payment plan to suit cashflow
Every taxpayer is in a different position when tidying up their tax year, so a one-size-fits-all payment option for finalising any RIT shortfall won't suit everyone. At Tax Traders we offer the most flexible payment options in the market.
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 Traders’ industry-leading online tools allow you to choose between:
- Single payment – pay all at once
- Split payment – pay the interest upfront and the tax later for a lower interest rate
- Instalment plan – turn the shortfall into a weekly, fortnightly or monthly amount
- Pay As You Go – pay what you want, when you want
Fast online optimisation of your client's tax position, plus flexibility on settling any shortfalls
Use our RIT Calculator to calculate your client’s uplift requirements. Accommodating the new 2018-year uplift rules, the calculator provides you with the final amounts required to settle the tax year. It does this by considering payments made to Inland Revenue, payments in the pool, and other tax pooling transactions already in place. With our latest calculator enhancement, this final amount can now be easily structured into a payment profile that suits the individual taxpayer.