Thanks I do understand the PIR can be selected - and the rate selected can be changed by the IRD now I believe. While the PIE income scheme is separate from other income tax it is linked in that the correct MRP PIR depends on your total income from all sources.
In simple situations, if someone’s total income is derived just from listed PIEs with the 28% pie imputation credit and no RWT deducted, then if their end of year tax liability is calculated at less than 28% of their income, then they get no cash refund as imputation credits cannot be cash refunded? However if the pie income had been from an MRP Pie with a 28% PIR then they could get a refund if the PIR should have been lower.
if someone derives listed Pie and MRP pie income only. Can MRP pie tax, with the correct PIR applied, be refunded if EOY tax calculation on the total gross income is less than PIE tax already levied and PIE imputation credit? I suspect not!
*I used refund as meaning a credit to your bank account/cash
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