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Making payment to Inland Revenue: Internet banking payments

  • jklee
  • Jan 9, 2018
  • 1 min read

Use the following information to set up your electronic payments:

Name of Bank: Westpac

Name of account: Inland Revenue

Account Number: 03-0049-0001100-27

Particulars: IRD number (000-000-000)

Payee Code: Tax type code & tax period (e.g. INC 31032016)

Reference: Leave as blank

< Tax type code examples >

- GST: Goods and Services Tax

- INC: Income Tax

- DED: PAYE, Student Loan, KiwiSaver and other payroll deductions

- PAY: PAYE deductions only

- ARR: Tax under instalment arrangement

 
 
 

4 Comments


moyefobamo217
Jun 04

Setting up electronic payments can be quite straightforward, but attention to detail is crucial. The information provided is essential, as any mistakes could lead to complications. The mention of Rocket Riches https://rocketriches.co.nz/ highlights the importance of managing your finances effectively, as these systems can significantly enhance one's financial planning and ensure compliance with tax regulations. Always double-check your entries to avoid issues.

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ozocuqijavap74
May 27

Setting up electronic payments can often lead to confusion, especially when navigating details like account numbers and payee codes. It's critical to ensure accuracy in all entries to avoid potential delays or misallocations. The mention of https://bizzo.geek.nz/ Bizzo brings to light the need for streamlined processes in the revenue collection system, as any errors here can lead to significant financial implications.

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Edited
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Kelly
Kelly
May 27

The information provided about setting up electronic payments raises important considerations. For instance, understanding the various payee codes is essential for compliance. The mention of Kiwi Treasure https://kiwitreasure.org.nz/ highlights how specific deductions and arrangements must be accurately represented to avoid complications. Clarity in these processes is crucial for taxpayers to fulfill their obligations effectively.

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turuzozan722
May 26

The instructions for setting up electronic payments highlight the importance of clarity in financial transactions, especially with institutions like the Inland Revenue. When handling tax obligations, ensuring accuracy in particulars and understanding payment codes is imperative. The mention of Lucky Spins in financial contexts often signifies risk; proper accounting can mitigate this. Reflecting on these processes reveals much about financial literacy.

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