By planning and saving for your taxes you'll:
The best way to make your tax payments is to plan ahead for them so you can pay the full amount on time. By paying in full and on time, you won't be charged any penalties or interest. However there are times when you're unable to meet the payment date so it's important that you contact us before this happens.
Most businesses use a 'standard' tax year which starts on the 1st of April and ends on the following 31st of March. The end date of the tax year is referred to as your balance date.
If you're in an industry which doesn't suit a 'standard' tax year, you can apply to us for permission to change your balance date.
It's a good idea to use a separate bank account to put aside money to cover your tax and provisional tax payments.
To assist you plan for your commitments you can create your own due date calendar using our online template.
You can also make payments online using a link to the websites of approved banks from our website.