Are you a contractor that has withholding tax deducted from what you earn, and paid on your behalf? Then you may need to keep an eye on those tax payments to make sure they're getting paid to the IRD.
Some of the files running past my desk this year seem to have an issue of tax payments missing or not at the correct rate.
With the current building boom contract builders seem to be the most vulnerable. Those who are sole traders on the WT tax rate usually have their tax deducted at 20 per cent or under the new rules at the rate applied for.
This tax of 20 per cent or as specified is deducted from the contractor's invoice and paid to the IRD by the business that is using their services.
If the tax payments aren't made the danger is that when it comes time to square up the tax return at the end of the year then the tax is missing or short-paid - meaning potentially more tax to pay or a smaller refund.