Consolidated groups are given a separate income tax account number to track income tax and imputation under the nominated company's IRD number. This means a group's income tax account is viewed and managed under the nominated company's IRD number.
While they are a member of the consolidated group, each company’s income tax account is suspended as they must file through the group.
The consolidated group’s income tax account can be accessed through the myIR account of the nominated company. The owner of the nominated company will need to delegate access to the other members of the group for them to view the income tax account.
Linking to a consolidated group and its members
To file or manage a consolidated group’s income tax, you will first need to link to the nominated company’s IRD number. This will then display all the available accounts, including the consolidated group’s income tax account.
To link to members of a consolidated group you will need to link to that member’s IRD number.
Making payments and requesting transfers to a consolidated group
When you make a payment or request a credit transfer (including tax pooling transfers) to a consolidated group’s income tax account, use the group's income tax account (the nominated company's income tax account is ceased when the group is formed).
As the group’s income tax account number is part of the profile for the nominated company, all financial transactions are recorded under the nominated company’s IRD number. However, the funds will appear in the consolidated group’s income tax account.