Forum Discussion

Sandraw's avatar
2 months ago

Change IRD number & AIM Tax return

Hello

I have a client who is changing on 1/4/25 from an individual sole trader paying AIM tax on a monthly payments basis, to a Partnership (different IRD Number) and GST & AIM tax on a two monthly payments basis.

Can I finish up year end 31/3/25 then change the IRD Number and AIM tax basis from 1/4/25?

Thank you for any advice.

Regards

Sandra

1 Reply

  • Mike_James's avatar
    Mike_James
    Ultimate Cover User
    2 months ago

    Hi Sandraw​ , imo this situation could require a new data file, since the partnership is a separate entity (with different owners), and the previous business may need to be sold to the partnership. If you haven't already done so, you may need to discuss this with your accountant.