If you have outstanding tax debt, now’s the time to take action. The IRD has made it clear in its latest media release: Ignoring tax debt won’t make it go away.
The IRD is actively following up on overdue GST and employer tax debt, particularly those aged between six months and five years. Larger debts, especially those over $10,000, are being prioritised, and if you don’t respond, the IRD may take stronger action, such as visiting in person, deducting funds directly from bank accounts, or even pursuing insolvency.
You can read the full release here: IRD – Ignoring tax debt won’t make it go away.
How Tax Pooling Can Help
Tax pooling is primarily used for Income Tax — especially Provisional Income Tax.
Provisional tax often creates cash-flow pressure due to timing mismatches or uncertainty around final profit.
Tax Pooling gives you flexibility by allowing you to purchase surplus tax from other taxpayers, helping you spread payments, avoid IRD interest and penalties, and manage cash flow more effectively throughout the year.
You can learn more about how this works in our detailed guide here: Spread Your Tax Payments with Tax Pooling.
Stay Protected for the Future
While Tax Pooling can help you get back on track, prevention is always better than cure. For protection in case of an IRD audit or investigation, we also offer Audit Shield — a service that covers the professional fees incurred if you’re audited.
Find out more here: Audit Shield – Audit Insurance.
Take Action Now
If your business is carrying tax liabilities, even if they seem small or manageable right now, waiting isn’t a safe strategy. The IRD is actively enforcing and escalating debt recovery. Acting early gives you more control, better options, and less stress, reach out to us to explore your options.
The IRD’s message is clear — ignoring tax debt isn’t an option. But with the right tools and advice, you can take control of your obligations and protect your business.