Most banks offer an internet tax payment service which ensures sufficient payment reference details are included with your payment.

BLOG: Making Tax Payments Online

If your bank offers this service, you need to select Tax Payment and enter requested information.

If your bank doesn’t offer this service and you want to use the standard internet banking service, you need to provide the following information for all types of electronic payments.

Payee name, enter “Inland Revenue”.
Bank account number, enter03 0049 0001100 27.
Amount panel, enter the amount you want deducted from your bank account.
Particulars panel, enter the IRD number of the person or organisation the payment is for. Start in the second box for 8-digit IRD numbers. (Some banks may ask you to put a zero in front of the number.)
Payee code panel, enter the code for the correct tax type. For a list of tax types go to www.ird.govt.nz (keywords: payment codes). Leave the next box blank, then enter the period end date for this payment, not the date you’re making the payment. The period must show the day, month and all four digits of the year.

Employers—the correct period end date is printed on your employer monthly schedule or notice of assessment.

Individual taxpayers—your period end date is printed on your return or notice of assessment.

Leave the reference panel blank.

If you have a non-standard balance date, you must still show 3103XXXX (include the relevant year), as the period end date in the payee code panel for all electronic payments of provisional tax and income tax.

For example, if you have a 30 June balance date (your balance date is the end of your accounting year), you must still put 3103XXXX as the period end date for all your electronic payments of provisional tax and income tax.

For more information on this and other electronic payment options go to www.ird.govt.nz (keywords: making payments). Here you can access your bank’s website with the click of your mouse to make an internet payment.

Note: Check your bank’s cut-off time to ensure your payment won’t be late.

The respective return still needs to be filed and all you need to do is tick ‘paid electronically’ on the return before posting to Inland Revenue. That way Inland Revenue will know to check for an internet banking payment to match the liability owing from the return filed.