An example of Flexitax

Let’s say you have to pay provisional tax of $28,000 on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and Inland Revenue UOMI. There’s a better way

It’s called a Flexitax arrangement. How it works

We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow). The benefit

Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks). Get a quote UNCODE.initRow(document.getElementById("row-unique-8")); The set up

Let’s say you have to pay provisional tax of $28,000 on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and Inland Revenue UOMI. There’s a better...