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Accountants |
Provisional Tax Finance Ltd arranges finance for upcoming payments of provisional tax (“Tax Finance”), sales of excess tax to top up
historical tax shortfalls (“Tax Purchase”) and collection of tax payments for large taxpayers who may overpay (“Tax Deposits”).
Our aims are to provide:
- Simple and effective working capital finance for Provisional Tax payments that is value-for-money (Tax Finance); and
- A competitive tax pooling market in respect of the sale and purchase of provisional tax between under-payers and over-payers (Tax Purchase and Tax Deposit).
Both Tax Finance and Tax Purchase transactions may be undertaken by either the accountant or the taxpayer. As a matter of practice, Tax Agents generally originate orders for Tax Purchases and Tax Deposits (as this relates to tax compliance and tax cost minimisation). However, demand for Tax Finance is often stimulated by the clients as most small-medium businesses owners manage their day-to-day working capital requirements themselves. As a result, Tax Finance Facilities may be arranged by either the accountant or the taxpayer.
The Role of the Trustee-Perpetual Trust
Provisional Tax Finance Ltd is a registered Intermediary with the IRD under the Tax Pooling regime. Your clients’ facilities are protected by Perpetual Trust, who acts as trustee in relation to all PTF facilities. All bank accounts are maintained by the Trustee and only the Trustee can transact the pooling account with the Inland Revenue. For more information on how your clients are protected by the Trustee arrangements, please contact us.
Tax Purchase and Tax Finance Applications
This web-site is designed to allow accountants to complete Tax Purchase and Tax Finance applications online on behalf of their clients. Accountants are responsible for ensuring they have the requisite authority and that their clients are aware of the Terms & Conditions.
Before transacting online, Accountants must Register (however the calculators can be used without registering). Once the Accountant has registered the website will recognise the Accountant in subsequent logins.
Other Information
Click here to view a pdf copy of our Tax Finance client brochure.
Please contact us if you would like us to make a presentation to your practice about how we can help your clients.
- Register as an Accountant.
- Login and make a Tax Purchase and Tax Finance Application.
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