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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

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NZ moving on from cheques

Written by Greg Millar on September 11th, 2019.      0 comments

Cheque usage continues to decline every year

Last year cheques only accounted for 5% of payments to Inland Revenue and some people who used cheques also used other payment methods.

blog-apple-pay-fast 800x480 acf cropped-992From 1 March 2020, Inland Revenue will no longer be accepting cheques if customers have an alternative payment option available. This includes post-dated cheques (cheques dated after 1 March 2020).

Around 90% of the cheques received come from clients of tax agents. If tax agents or their clients use cheques they will be instrumental in the transition to alternative payment methods. There’s plenty of time before next March for people to explore their options and find a convenient and secure way that works.

There are many different ways to pay – electronically or in person.

Ways to pay

Here’s a summary of payment options:

  • myIR: You can pay by direct debit and make debit card and credit card payments securely through myIR online services. Visit the website ird.govt.nz and login or register for myIR.
  • Online banking: You may be able to make payments using online banking. Contact your bank for more information.
  • Credit or debit card via website: Use your credit or debit card to make online payments through the website ird.govt.nz/pay.
  • In person at Westpac: Pay by EFTPOS or cash at a Westpac branch or Smart ATM.
  • ​​​​​​​Money transfer: If you are overseas you can pay using a money transfer service. Search for Make a Payment on IRD's website for more information.

Charges may apply for some payment options

Cheque payers and their tax agents will be contacted to let them know about this change and alternative ways to pay. In the meantime, if you would like more information visit ird.govt.nz/pay.

Source: IRD

 

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