The IRD has also amended the other payment dates as follows:-

Instalments                     OLD DATE                     NEW DATE

Provisional – 1^st              7^th July                           28^th August

Provisional – 2^nd            7^th November               15^th January

Provisional – 3^rd             7^th March                         7^th May

Terminal No change – 7 February, or 7 April (With extension)

Please make sure you factor these new dates into your cash flow projections to maintain accuracy and credibility of what you are forecasting.

With tougher economic conditions forecast, it may be a good time for health check of the debtor’s ledger to ensure you are not financing someone else’s tax payments.

Here are some interesting thoughts on Debtor Collection from our Archives......

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