Provisional tax reminder - September 2025

_{Taxpayers who pay their GST 6-monthly and have a 28 February balance date may also have a provisional tax instalment due this month.}

Managing provisional tax obligations in an uncertain economy

With ongoing economic uncertainty, many businesses are finding it difficult to forecast their taxable income with confidence. Tax pooling can provide an important safety net in this environment by giving businesses flexibility and control over their provisional tax.

By depositing into a tax pool, taxpayers can secure tax at the correct due dates, while retaining the option to sell any excess if profits fall short. Conversely, taxpayers who find that they’ve underpaid at filing time can purchase tax at historic dates to eliminate Inland Revenue use of money interest and late payment penalties. This flexibility helps businesses maintain compliance and financial efficiency, particularly when operating conditions are volatile.

Another way to make the most of your tax pooling funds is through our Tax Drawdown service. This allows you to temporarily “borrow” from your existing tax deposits and repay them later—without losing the effective tax dates you’ve already secured. In essence, it works much like an overdraft, giving you access to your tax pooling deposits whenever you need them.

You’ll pay the same interest rate as our standard finance arrangements, calculated only from the date you receive the funds until repayment. And just like all our tax purchasing and financing services, there are no account, service, or line fees—keeping things simple and cost-effective.

Now is the perfect time to talk with your clients about how tax pooling can provide peace of mind and financial flexibility. If you’d like to explore how this could work for specific situations, get in touch with our team at taxpooling@pwc.com.

Using tax pooling for group structures

For groups of companies, managing provisional tax can be challenging when entities have varying cash positions and profit levels. Tax pooling allows groups to optimise their overall tax strategy by effectively “sharing” payments across the pool.

A subsidiary with surplus funds in the pool can transfer their excess payments to another group member facing shortfalls at the same effective dates. This approach reduces unnecessary borrowing and ensures group-wide compliance at the lowest cost. As more groups look for efficient cashflow solutions, tax pooling continues to be a highly practical tool.

Every group has unique cashflow and tax challenges. Reach out to us to discuss how tax pooling can help optimise your group’s provisional tax strategy and reduce unnecessary costs.

Meet the Tax Pooling Solutions team: Darroch George-Bodle

Darroch joined the Tax Pooling Solutions team in early July 2025 and has quickly become an operations superstar - preparing quotes, responding to your emails, and answering the phones. His friendly and proactive approach means he’s already making a big impact with both clients and the team.

To kick off our very first 'Meet the team' spotlight, we've asked Darroch a few fun questions so you can get to know him beyond tax pooling!

What do you enjoy most about working in tax pooling? The atmosphere is amazing, everyone in the team is so welcoming and enthusiastic. I haven't been here long, but I can already see the commitment everyone here has and the genuine care to achieve the best outcome for our clients.

If you could travel anywhere tomorrow, where would you go? Iceland - I hear it's beautiful, rugged, and vibrant.

What’s one thing most people don’t know about you? In 2017 and 2019, I competed as part of a team in the International SeaPerch Challenge, an underwater engineering competition held annually in the United States. 

Favourite book / movie / podcast recommendation right now? Podcast: Empire - Covers some quite challenging topics but it always opens my eyes to the incredibly rich and complicated history from right across the world. 

If you'd like to continue getting to know Darroch, you can connect with him on LinkedIn here.

Other important dates for your calendar

Taxpayers with a 30 May, 30 September, or 31 January balance date may have a provisional tax instalment due on 28 October 2025.

Now is a great time to request a finance quote to defer your provisional tax payment and free up some working capital.