Section Sch50-“ 80KI — Income Tax Act 2007: Payment of tax credit by instalment by Commissioner

“ 80KI Payment of tax credit by instalment by Commissioner “ (1) This section applies when the Commissioner has given a notice of entitlement to a person. “ (2) In the period described in subsection (3), the Commissioner must pay to the person the instalments of the tax credit set out in the notice of entitlement. “ (3) The period— “ (a) starts on the day stated in the notice of entitlement; and “ (b) ends with the earlier of— “ (i) the day on which the notice of entitlement is cancelled by the Commissioner; or “ (ii) the end date stated in the notice of entitlement. “ (4) The Commissioner may choose the days on which the instalments are paid. “ Compare: 2004 No 35 s KD 7(1)