You can claim the following expenses on your personal tax summary:

• a fee charged by someone for completing your tax return
• commission on interest or dividend income (but not bank fees)
• interest on money you borrowed to buy shares or to invest, as long as the investment will produce taxable income
• premiums on loss of earnings insurance, provided the benefit from the insurance policy is taxable income.

We calculate how much tax should have been paid on your taxable income.

PAYE rates (excluding ACC earners levy) for calculating income tax for the 2012-13 income year (1 April 2012 to 31 March 2013)

A tax credit is a reduction in the amount of tax you need to pay. There are three types of tax credits:

• tax credits for transitional circumstances (formerly the income under $9,800 tax credit) for the 2012 and previous tax years
• tax credits for children for the 2012 and previous tax years, and
• independent earner tax credit for the 2010 tax year and onwards.

This is the difference between your tax on taxable income after the tax credit, and your total tax paid.

• If your total tax paid is bigger, you'll have a tax refund.
• If your total tax paid is smaller, you'll have tax to pay.

it must be paid by or postmarked on:

• 7 February if you don't have a tax agent, or
• 7 April if you have a tax agent and an extension of time.

The due date will show on your PTS.

Note: If you owe $20 or less, it will be written off. You don't need to do anything.

• online (if you're registered for myIR Secure Online Services), or
• by calling us on 0800 227 774.