The date for payment of the second instalment of provisional tax for 31 March taxpayers should have been 28 December. However, as most people are on holiday at that time, it was changed to 15 January.
Annual leave was subsequently increased to four weeks but this date was never reset to 22 January as it should have been,following the original reasoning for choosing 15 January.
If you're taking a summer holiday break and have tax to pay while you're away, don't forget to set up the payment before you go.
We notice several clients were late last year. We also notice the IRD does not send out statements but allows penalties to accumulate. So, beware 15 January. Don't pay your tax late.