Partial cheque and envelope: why it's time to switch from paying Inland Revenue with post-dated cheques

We posted a blog article on 26 October 2018, regarding Inland Revenue's announcement they would no longer be accepting post-dated cheques from 1 February this year.

Following feedback Inland Revenue received in response to this decision, they have now put this change on hold while they review all non-electronic payment methods, to ensure these are still relevant and necessary.

However, given the ever-increasing shift towards electronic payment methods, and on-going improvements to online banking security, ease-of-use and accessibility, it is nonetheless prudent to consider moving away from paying your taxes by cash and/or cheque.

Current payment options which Inland Revenue accept include: 

  • Electronic methods, including internet banking. This minimises delays and includes a formal notification of the date and time a payment was made to Inland Revenue

  • myIR customers are able to set up Direct Debits for GST, FBT, Income Tax, Working for Families, and Donation Tax Credits

  • Debit/credit card payments can be made over the phone, through the payment page on the IR website, or through myIR

  • The "my tax payment" option on all NZ banks' websites allows post-dating of electronic payments

  • Cash and eftpos payments can be made at Westpac branches and, provided you have a payment slip with a bar code, via Westpac Smart ATMs

  • Cheques can be posted to Inland Revenue's Lower Hutt postal address, or delivered to Inland Revenue offices during reception opening hours

Tax agents who are registered for myIR are also able to set up instalment arrangements and one-off payments by direct debit on behalf of their clients, provided the client is also registered for myIR, and they have granted authorisation to the agent to set up payments on their behalf.

For any questions relating to tax liabilities, tax arrears or tax payments, contact one of our friendly advisers - we will be happy to assist.