Mr & Mrs Traineeinvestor normally receive our separate tax demands sometime between September and late November and are required to pay tax in two installments due in the first week of January and the first week of April in the following year.
So far we have not received our tax demands for the 2005/6 tax year. We have checked with the IRD and have been told that they are still working on them (we have no idea why).
So the money which we put aside for our taxes continues to sit in a bank account earning tax-free interest.
It's not often that delays in tax matters represent good news.