For our New Zealand members, if you need another reminder about payday filing, here it is.
Inland Revenue provided us with this update to ensure our members are up to speed and prepared for payday filing from 1 April 2019 and no, it’s not an April Fools joke.
Over the past few months, we’ve shared information to help employers around New Zealand get ready for payday filing.
All employers need to be payday filing from April 1, 2019, but if you believe you are ready to start payday filing now, February is a great time to opt in.
Doing so gives you time to get used to payday filing ahead of it becoming mandatory, and will stand you in a good position to iron out any issues before the busy period during April. If you opt in before March, it means that you’ll start payday filing electronically from March 1.
If you’re ready to start payday filing electronically via file upload or onscreen in myIR, here’s what you should do:
If you use payroll software, double check that it’s payday filing-compatible
Opt in to payday filing using the I want to menu in the My Business section of myIR
Review your myIR delegations and access roles – the ‘Owner’ may need to set up other users
Start payday filing in myIR from the start of the next month using the new Payroll returns account
Want more information? Our payday filing website has plenty of resources to help you, including downloadable guides, how-to videos, checklists, and links to on-demand webinars.
Payday filing means NZ Inland Revenue will be receiving more timely information to better calculate an individuals’ tax obligations and entitlements making tax more straightforward for all New Zealanders.