Give your clients more time to pay overdue tax

If your client missed their provisional tax due date, dealing directly with IRD can be stressful and expensive. Overdue tax attracts late payment penalties and higher interest, and larger payment arrangements can require financial disclosures with no certainty around the outcome.

Tax Traders provides a simpler and better way to deal with overdue provisional tax if your clients need more time to pay.

Acceptance is guaranteed, no financial information is required, and your clients avoid the pressure of immediate catch‑up payments.

Best of all, your clients pay a lower interest cost and don’t have to worry about late payment penalties while receiving up to 13 months to pay their 7 May provisional tax.

How Tax Traders reduces the cost of overdue provisional tax

Tax Traders operates an IRD approved tax pooling account that allows provisional tax to be paid into a shared account held at IRD, with payments date stamped at the time they are made.

Where a client has underpaid provisional tax, tax pooling allows them to purchase tax from another taxpayer who has overpaid into the pool and apply it against their own liability at IRD.

Tax Traders facilitates the transaction between the two parties at interest rates that are significantly lower than IRD’s use of money interest on underpaid tax.

The result is that the client’s tax is treated as paid on time, restoring compliance.

The underlying tax is still paid in full – but without the late payment penalties and higher IRD interest costs that apply while an overdue balance remains with IRD.

Choose from the following payment options

Interest upfront
(Like fixing a mortgage)

Your clients pay Tax Traders’ interest cost upfront and the tax later. Best if they want certainty and a lower overall interest cost.

Single payment
(Like floating a mortgage)

Your clients pay the tax and Tax Traders’ interest together at a later date. Best if they want flexibility if circumstances change.

Providing your clients more time to pay overdue tax with Tax Traders is fast and easy

Step one: Choose how your client wants to pay

Pick the preferred payment option and date in the future they want to pay.

Step two: Your client pays Tax Traders

Your client makes their payment to Tax Traders.

Step three: Tax sorted

Once your client has paid Tax Traders, the date-stamped tax is transferred to their IRD account and IRD treats it as if they paid on time, removing interest or penalties.

Maddy Green, CA, Client Director (right)

Accounting firms work with Tax Traders because we provide:

Guaranteed acceptance for clients – no IRD approval process, no negotiation, and no uncertainty about whether an arrangement will be accepted.
Confidence that your clients are treated as having paid on time – no reliance on IRD payment plans and no exposure to late payment penalties.
Lower‑cost outcomes for clients – replace IRD interest and late payment penalties with a cheaper, predictable cost structure.
Less time spent dealing with IRD – reduce the administrative burden of setting up, monitoring and renegotiating IRD payment arrangements.
Trusted expertise and responsive service – work directly with Chartered Accountants and tax pooling specialists who understand practice realities. No call centres, no queues, just clear answers when you or your clients need them.

About Tax Traders

Tax Traders is New Zealand’s leading tax pooling provider.

We provide a better way for your clients to pay provisional tax using an IRD‑approved legislative framework that has been in place for more than two decades. This framework enables Kiwi businesses to access flexibility and benefits that aren’t available when paying IRD directly.

Since 2012, we've worked with hundreds of accounting firms – from sole practitioners to large national networks – to deliver better provisional and terminal tax outcomes for their clients.

Logan Jessop, Client Solutions

Get your clients' overdue 7 May provisional tax sorted

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Have a question?

Get in touch with our team for clear, practical guidance on the best way forward for your client.