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Income Tax Act 2007

Tax credits paid in cash - Payment of credits

MF 1: Application for payment of tax credit by instalment

You could also call this:

“How to request early payment of your Working for Families tax credit”

You can ask the Commissioner to pay you a tax credit in instalments before the end of the tax year if you meet certain conditions. This applies when you expect to be entitled to a Working for Families (WFF) tax credit throughout a period you choose, called a selected period. You must be a principal caregiver, and section MF 2 must not apply to you. The selected period is a relationship period you choose for this purpose and for sections 80KA to 80KG of the Tax Administration Act 1994.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518577.

Topics:
Money and consumer rights > Taxes
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MF 2: When person not entitled to payment by instalment, or

“When you can't get tax credit payments in instalments”

Part M Tax credits paid in cash
Payment of credits

MF 1Application for payment of tax credit by instalment

  1. This section applies when—

  2. a person who is a principal caregiver expects to be entitled, throughout a selected period, to a WFF tax credit; and
    1. section MF 2 does not apply to the person; and
      1. the person wants the tax credit to be paid by instalment before the end of the tax year that contains the selected period.

        1. The person may ask the Commissioner to pay the tax credit by instalment to them.

        2. Selected period is a relationship period chosen by the person for the purposes of this section and sections 80KA to 80KG of the Tax Administration Act 1994.

        Compare
        Notes
        • Section MF 1(1)(a): replaced, on , by section 18 of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
        • Section MF 1 list of defined terms ask: inserted, on , by section 74 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).