Start payday filing now - compulsory from 1 April

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2:15 PM, 28 February 2019

Please read this important information from IRD

Has your business started payday filing yet? Payday filing will soon be compulsory, so get on board now.

All employers need to be payday filing from 1 April, which means that you will have to:

  • File employment information every payday instead of an Employer monthly schedule (IR348)
  • Provide new and departing employees’ address information, as well as their date of birth – if they have provided it to you, and
  • File electronically (from payday compatible software or through myIR) if your annual PAYE/ESCT is $50,000 or more.

Depending on the method you choose to start payday filing, you will need to do one of the following:

  • If you’re using software, check if it is payday filing compatible.
  • If you’re filing through myIR, make sure are familiar with the new Payroll Returns account in the My business section
  • If you’re filing through paper, make sure you have the new forms to fill in.

Want more information? Inland Revenue’s payday filing website has plenty of resources to help, and why not register today for our webinar on 25 March? It’s a great opportunity to ask our panel of IR experts any burning questions you’ve got about payday filing.

Changing For You
There are more proposed changes to make our tax system more straightforward for you. Two of the proposed changes are dependent on legislation currently going through Parliament, so you should expect to hear more from us over the coming months about what the changes mean for you. For more information, visit our Changing For You website.

There are further changes coming to the IRD and MyIR websites, which we will tell you more about in a future newsletter. 

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