Payment schedule

Modified on Fri, 4 Apr at 8:19 PM

Overview

The payment schedule shows upcoming provisional and terminal tax payments. These are calculated using uplift calculations which are based on the proposed return filing date, which can be set during the e-filing process. The payment schedule can be included in the e-filing transcript report, so can be given to clients as a schedule for their upcoming tax payments.

View the payment schedule

From the navigation bar select Reports > Filing and Payment Schedule.

Printed PDF reports

By default, the Payment Schedule is included in PDF E-file transcripts (except for partnerships and look through companies (LTCs)). You can stop it printing for a particular entity by unchecking the print setting.

How the calculations work

Tax instalment amounts

Tax instalment amounts are calculated based on the return target filing date, along with data from each underlying payment task. You can adjust the return target filing date from this screen. Changing the return target filing date allows you to set the uplift rate based on whether you expect to file the return before or after a particular provisional tax due date. The tax instalment amount displayed on the payment schedule is the amount due on the payment task, less previous instalments (at the time when the payment task was set to “Closed” or “Not Required”).

Draft amounts

If a provisional tax instalment amount is required to be calculated based on the prior period tax return (e.g., P3) and you haven't set an earlier return target filing date, then the payment task will calculate the amount due based on the draft prior period tax return position (if available) and will be labelled “Draft” on the payment schedule.

Automatically closed payment tasks

Payment tasks labelled “Automatically Closed” indicate tasks with a due date before the date the entity was created. Provisional tax is not calculated for these tasks as they have already passed. Instead, the payment schedule will reflect “Provisional Tax Instalment” assessment transactions from the Inland Revenue transaction feed. This can be accessed from the navigation bar by selecting Workpapers > Tax Payments.

Tax already paid

Tax payments

The “Paid” column on the payment schedule displays the aggregate of any tax payments dated after the last provisional tax instalment date. This is based on the “Instalment Date” field on tax payment transactions. You can adjust this date if a tax payment should be allocated against a different provisional tax instalment.

Pending tax payments and transfers

Tax payment transactions set as "Is Pending" are included in the “Paid” column on the payment schedule and in payment tasks, but will not affect the tax position or tax return. This is useful if, for example, you wish to include an expected donation tax credit rebate in the schedule to offset tax to pay.