IRD reminder on coming payday filing
Inland Revenue says all employers need to get ready to shift to payday filing. From 1 April 2019 all employers will have to file their employment information every payday.
Customer segment lead Richard Owen says Inland Revenue's systems for receiving payday information are up and running and companies wanting to start filing may do so straight away.
"If they're using software they need to make sure it's compliant first," he says.
“The first step is for all employers to start asking their software providers when they expect to be ready so planning can begin. This is the sort of task where it pays to be ready early rather than scrambling at the last minute."
Payday filing will replace the employer monthly schedule (EMS), which currently needs to be filed either in my-IR or through the post.
Those with compatible software will be able to securely submit their information directly to Inland Revenue instead of having to do a separate file upload in myIR.
Employers who deduct $50,000 or less in PAYE and Employer Superannuation Contribution Tax (ESCT) will be able to file on paper, though only from April 2019. All other employers will need to file electronically.
Further information about payday filing is on the payday filing section of the IRD website.
Last updated on the 16th September 2019