How To Add Bank Account To IRD, Link A Bank Account

If you are searching for how to add a bank account to IRD, you have come to the right place.

You’ll also learn to change your personal/company particulars on IRD and about IRD.

What You Need To Know About IRD

Inland Revenue, sometimes called the Inland Revenue Department, is a government agency in New Zealand responsible for collecting taxes, advising the government on tax policy, and collecting and distributing payments for social support programs.

Inland Revenue or the Inland Revenue Department may do an “examination of your financial affairs” to see if you have paid the right amount of tax and are following all tax rules.

Because of this, the auditing process can be as simple or complicated as the department needs it to be to check the current status of things like GST registration, taxes paid, and even your finances.

If you are found to be in the wrong, you could face fines or even criminal charges, depending on how bad your mistake was.

If there are any signs of inconsistency in a taxpayer’s tax or financial affairs, the Inland Revenue Department (IRD) may start an investigation.

This is one of the main reasons you should work with a tax advisor to set up your company’s finances.

How To Add Bank Account To IRD

Follow the steps below to learn how to add a bank account to IRD:

1. Login to the IRD account
2. Choose the “I want to” tab.
3. Click manage refund bank accounts,
4. Choose “Add your bank account number.”
5. You must provide your bank account number in the following format: 10-1234-00123456-0000 (bank, branch, account, and suffix)
6. Your bank account number can be found on your bank statement or internet banking app.
7. If there are more numbers than you have, we’ll add them to the account number or, if you don’t add them, to the suffix.
8. Your bank balance will remain accurate.
9. Update your account with the name.
10.                       You will be asked to enter the reference number if you have a credit union or building society account.
11. You can add the return bank account to any selected account type.
12. Send the request

How to change your personal/company particulars on IRD

You can update your personal or company particulars on IRD by following the steps below:

1. Login to the IRD account
2. Click Taxpayer Registration
3. Click change Taxpayer Detail Request
4. Click Update your personal information
5. Select what you want to update
6. Make the changes
7. After changes, click save

That is how to add a bank account to IRD, about IRD, and change your personal/company particulars on IRD.