Payday filing for all employers

Written by Gordon Tian

March 11, 2019

From 1 April 2019, payday filing will be compulsory for all employers.

Payday filing means you need to:
 
File employment information every payday instead of an Employer monthly schedule (IR348) at the 20th of the following month.

(1) Provide new and departing employees’ address information, as well as their date of birth – if they have provided it to you. 

(2) File electronically (from payday compatible software or through myIR) if your annual PAYE/ESCT is $50,000 or more.
 
Remember, the due date for payment remains the same at the 20th of the month (or 5th and 20th of the month for twice-monthly filers), but the PAYE return date will be due within 2 days of when you pay your employee. You will need to file this electronically, not by paper. 
 

“From 1 April 2019, payday filing will be compulsory for all employers. This change means that all employers should be using a payroll software, as any manual calculation and processing of payroll becomes increasingly impossible to do.” 

How do I payday file?
 
There are three ways to file electronically – direct from payroll software, such as Smartpayroll, file upload from myIR or onscreen via myIR.
 
Please visit this link if you need more information. 

https://www.ird.govt.nz/campaigns/2018/campaign-payday-filing.html 

What does this mean for my business

If you’re currently using Smartpayroll through our firm, then you will have nothing more to do, as Smartpayroll will handle everything for you. 

However, if you’re still filing PAYE returns using the paper form, then you will need to switch to a payroll software such as Smartpayroll. On a practical level, this change means that all employers should be using a payroll software, as any manual calculation and processing of payroll becomes increasingly impossible to do. 

Related Articles

New Changes To Tax-Loss Continuity Rules

There are some recent updates and changes which have been made to tax-loss continuity rules in light of the recent resurgence of Covid-19 in 2021. These changes are aimed at understanding the needs of businesses to raise additional capital to stay operational. The...

COVID-19 Support Payments 2021: All You Need To Know

We at JZR Accountants & Consultants hope everyone is keeping safe during this lockdown period. Things have certainly changed very fast as we go into alert level 3 again here in Auckland. To do our part for the community, we would like to let you know the latest...

Recent Tax Changes That May Impact You

The saying that “the only constant in life is change” is particularly due when it comes to tax. Tax legislation is constantly changing, and depending on your perspective, it could be either good or bad. But either way, it will impact on you as a business owner....

Stay Up to Date With The Latest News & Updates

Join Our Newsletter

Stay up to date with all of the latest news and insights related to your business. Sign up below and we promise to only send you content