Grid of 6 squares showing people in various professions, with text 'proposed changes to PAYE reporting' overlaid, and a red line through 'proposed'

Further to our blog post from 15 December 2017, Parliament has now passed legislation enabling payday filing. This requires employers and payroll intermediaries to file employment information (similar to an Employer Monthly Schedule) every payday instead of monthly.

As we mentioned in our earlier blog, payday filing is voluntary from April 2018 but will become compulsory from April 2019, so it is advisable to start thinking now about how you will integrate payday filing into your existing payroll processes.

Payment due dates and payment methods will remain the same; the only change is the frequency you will be submitting your employment information to Inland Revenue.

Payday filing can be done electronically in one of three ways:

  • directly from your payroll software (if supported by your software provider)

  • by file upload via myIR under the new Payroll Returns account (if supported by your software provider)

  • onscreen via myIR under a new Payroll Returns account

The payroll subsidy

Between 1 April 2019 and 31 March 2020 you will be able to claim the payroll subsidy if your PAYE and ESCT deductions are less than $50,000 a year.

The payroll subsidy will be removed from 1 April 2020.

For more information, check out Inland Revenue's Payday filing webpage, or contact Vicki Cozens, our employment, HR and payroll specialist – she will be happy to help.

       Vicki Cozens, Chartered Accountant at Ean Brown Partners Ltd

Vicki Cozens

Chartered Accountant

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