Small Business Cashflow (Loan) Scheme coming to an end

Inland Revenue have been reminding taxpayers that the Small Business Cashflow (Loan) Scheme will reach it's 5-year anniversary shortly.

All unpaid loan balances (+ any interest) at the end of the term of the loan will automatically default.

IRD will treat this as an overdue debt and may also charge interest on the overdue loan.

If you have fallen behind on your payments, or you have defaulted under the terms and conditions of the loan, Inland Revenue will be in contact to discuss the balance and how the debt can be repaid.

If you wish to discuss your Small Business Loan with us, we are here to help and assist you with your tax obligations, so please get in touch.