IRD moving more towards electronic payments as preferred method

Manual payments discontinuing.
Manual payments discontinuing.

Changes to the Inland Revenue payment service at Westpac

From 1 October 2014 you will no longer be able to make cheque payments or drop off returns or forms at a Westpac branch. You will be able to continue making cash and eftpos payments at Westpac. Customers can post cheque payments, returns and forms directly to Inland Revenue.

You can continue to make payments using online banking, credit and debit cards and international money transfers. Inland Revenue encourages customers to make payments online. Digital payment channels are secure and faster than traditional payment methods, and are available 24 hours, seven days a week.

Paying on time

From 1 October 2014, payments posted to Inland Revenue need to be received by Inland Revenue on or before the due date to avoid payment penalties and interest. This means cheque payments can no longer be posted on the due date. Over 70% of payments made to Inland Revenue are currently made online and Inland Revenue wants to encourage more customers to pay electronically.

Removing the unintended advantage to customers who post cheque payments on the due date enables us to treat all customers equally, regardless of their payment method. GST Adjustments GST adjustments in future are changing where an adjustment of a minor nature such as $500 or less can be adjusted in the next GST return.  Any adjustments over $500 will have to be disclosed in the GST period the error was made by a voluntary disclosure.

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