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Tax Administration Act 1994

Credits of tax - Applying for payment by instalment

80KB: Contents of application

You could also call this:

"What to include when applying to pay tax by instalments"

Illustration for Tax Administration Act 1994

When you apply to pay tax by instalment, you must fill out a form given by the Commissioner. You and your partner must sign the form. You need to give details about your income and choose how often you want to pay instalments. You must provide extra information, such as evidence of your income, unless you only get the Best Start tax credit. If you get income from a business, you need to give the Commissioner your financial statements or budget. You also need to give the tax file number of each child you get a tax credit for, unless the child has died or been adopted. You can find more information about being an adoptive parent in the Adoption Act 1955. The Commissioner might not need all this information if they already have enough details about your income. You can pay your instalments weekly or fortnightly, and you must give the Commissioner any other information they require.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1258186.

Topics:
Money and consumer rights > Taxes
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80KA: Applications for payment of tax credit by instalment, or

"Getting your tax credit paid in instalments"

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80KC: When tax file number of child does not accompany application, or

"What happens if you don't include your child's tax file number with your application"

Part 3BCredits of tax
Applying for payment by instalment

80KBContents of application

  1. An application referred to in section 80KA must—

  2. be in a form prescribed by the Commissioner; and
    1. be signed by the person and any other person who, at the time at which the application is made, expects to be, in the selected period, their spouse, civil union partner, or de facto partner; and
      1. unless the only tax credit the person expects to be entitled to for the relevant tax year is the Best Start tax credit and all dependent children will be less than 1 year old on the last day of the tax year, give for each person who signed the application (the signatory) a complete statement of—
        1. the family scheme income that is expected to be attributable to the tax year; and
          1. the family scheme income that is expected to be attributable to the selected period; and
          2. choose whether the instalments should be paid weekly or fortnightly; and
            1. contain any other information required by the Commissioner; and
              1. be accompanied by the information described in subsection (2), unless the only tax credit the person expects to be entitled to for the relevant tax year is the Best Start tax credit and all dependent children will be less than 1 year old on the last day of the tax year; and
                1. be accompanied by the information described in subsection (2)(c) and (d), if the only tax credit the person expects to be entitled to for the relevant tax year is the Best Start tax credit and all dependent children will be less than 1 year old on the last day of the tax year.

                  1. The information for the purposes of subsection (1)(f) and (g) is—

                  2. for a signatory who expects to derive income from employment, evidence of the amount of income from employment derived by them in the period of 1 month immediately before the date on which the application is made:
                    1. for a signatory who expects to derive income from a business,—
                      1. a copy of the financial statements of the business for the tax year or corresponding income year immediately before the tax year that contains the selected period; or
                        1. if the financial statements referred to in subparagraph (i) have not been completed, a copy of the financial statements for the business for the tax year or corresponding income year that is before the year immediately before the tax year that contains the selected period; or
                          1. a set of budgeted accounts of the business for the tax year or corresponding income year that contains the selected period; or
                            1. other evidence in relation to the business for the tax year or corresponding income year that contains the selected period:
                            2. unless paragraph (d) applies, the tax file number of each child for whom an entitlement to a tax credit arises:
                              1. in the case of a child that has died or is given up for adoption, a birth certificate or other evidence verifying the birth or existence of the child for whom an entitlement to a tax credit arises.

                                1. Subsection (2)(a) does not apply if the Commissioner considers that the Commissioner has enough evidence of a signatory’s income from employment.

                                2. Subsection (2)(d) does not apply to an application made by a person who is an adoptive parent, as that term is defined in the Adoption Act 1955.

                                Compare
                                Notes
                                • Section 80KB: inserted, on (effective for 2008–09 income year and later income years, unless the context requires otherwise), by section ZA 2 of the Income Tax Act 2007 (2007 No 97).
                                • Section 80KB(1)(c): amended, on , by section 28(1) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
                                • Section 80KB(1)(f): replaced, on , by section 28(2) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
                                • Section 80KB(1)(g): inserted, on , by section 28(2) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).
                                • Section 80KB(2): amended, on , by section 28(3) of the Families Package (Income Tax and Benefits) Act 2017 (2017 No 51).