If you have overdue tax, your first option is to just pay it!
If you’re unable to make the full payment now, we’d recommend setting up a payment plan with Inland Revenue - you can do that through your myIR login or chat to our friendly Support team. If things have gotten a bit out of control then it is best to get in touch with Support, and we can look to discuss your situation on your behalf with Inland Revenue.
Another option we can look at is using tax pooling. Tax pools are registered third parties that can backpay your tax to the date it was due, and charge you a fee plus the tax to do this. The good thing is the fee is usually much less than interest charged by Inland Revenue, plus you avoid the late payment penalties. If this appeals to you, please get in touch with our Support team.
We always recommend being up-front with overdue tax, as each day tax is overdue, further interest and sometimes more penalties can be added on. We understand that tax can be a bit overwhelming at times and we’re here to help!