Back to Making Tax Simpler
How often do I pay?

Should it apply to 6 monthly GST?

Businesses using AIM will make provisional tax payments more often.  Businesses not registered for GST or paying GST every two or six months will pay provisional tax every two months. The increased regularity of the payments means use of money interest can be removed from this option.

We appreciate that businesses on 6 monthly GST have already chosen an option to minimise their tax obligations, therefore paying provisional tax through AIM is an increase. We are interested to hear whether AIM would be of use to you.

We are interested to hear from those on six monthly GST.  Would you be interested in paying your provisional tax through AIM?

Comments

Ronise Paul
should continue to be 6 monthly but not estimated on previous years earnings. You can still PAYE just on a 6-monthly basis rather than 2-monthly

Do you agree with this comment?

  • agree9
  • disagree1
3 months ago
Casey
should be on a 2 monthly cycle

Do you agree with this comment?

  • agree0
  • disagree0
2 months ago
Deborah R
Currently pay GST 6 monthly to reduce compliance costs in a very small business that doesn't use accounting software. Paying AIM every 2 months would increase the complexity of my tax obligations.

Do you agree with this comment?

  • agree9
  • disagree0
2 months ago
Heather D
I would like to pay AIM but calculated every six months at the same time as the six-monthly GST. Cash-flow is very variable in a consulting business. The added burden of doing reconciliation and accounting six times a year rather than twice would be very onerous in a small one-person consulting business.

Do you agree with this comment?

  • agree3
  • disagree0
2 months ago
Pip M
I am a sole trader (and that means just me) and do 6 monthly GST returns. I travel quite a bit, and therefore I would like to stay with the status quo. I do not want to change anything.

Do you agree with this comment?

  • agree2
  • disagree0
2 months ago
Sue Williams
Yes I currently have 6 monthly GST returns and payments, but as my accounting software calculates my GST for me there is little work I have to do. As long as my software does the same for the 2 monthly tax payt I would have no problem. The benefits would outweigh any additional work.

Do you agree with this comment?

  • agree0
  • disagree0
1 month ago
Raewyn
No benefit whatsoever to our business. I prefer to remain steady as she goes. I preferred the other options being discussed on the IRD website where paying provisional tax doesn't incur penalties until the last third of the tax year. For us the final reckoning only comes in the last third but the first two thirds of the tax year are way ahead of budget tax wise and we're playing catchup until about December January of the tax year

Do you agree with this comment?

  • agree1
  • disagree0
1 month ago
Paul Clymer
No.

Do you agree with this comment?

  • agree1
  • disagree0
1 month ago
Rob de Bique
My sole trading arrangements are very simple but my earning patterns may vary from month to month year to year. I need the ability to smooth out the lows and highs and paying 6 monthly allows me to achieve this. I would like there to be a lower ceiling of argumentatively those earning less than 250k for whom furnishing prov/gst returns is 6 monthly. And get rid of the prov tax + 5% expectation

Do you agree with this comment?

  • agree2
  • disagree0
1 month ago
Wendy
It should be available on six monthly GST returns. However, if it was only available on two monthly returns and didn't require accounting software I would consider switching to two monthly. As an independent contractor my income can fluctuate significantly throughout the year and I occasionally work on salary (so pay PAYE), so the existing provisional tax regime does not work well for me.

Do you agree with this comment?

  • agree0
  • disagree0
1 month ago
Michelle Lange
We are on 6-monthly GST in a farming business. Paying AIM has no benefit to us whatsoever. If there is the option to choose whether to pay through the proposed system or stick with what we do now I will be choosing to stick with the system in place. We are one of the young couples that people are refering to at being caught out with not realising that tax obligations and disagree. We have a budget in place to ensure tax payments are paid on time everytime. It should be a choice as to whether a business changes over or not.

Do you agree with this comment?

  • agree0
  • disagree0
1 month ago
Scroll To Top