Everything you need to know about payday filing

From 1 April 2019 employers must comply with the new payday filing scheme. The due date for employer deductions filing and payment remains the same as the 20th of the month.

Employers must:

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

    How to payday file

Employers must Include employment information (and correct a file), employee details and employer deductions. It should be noted that paper filers can’t shift to payday filing before April 2019 unless they change to electronic filing.

The methods include:

  • In myIR through the payroll returns account through file upload (payday filing compatible software is required) or online data entry
  • Directly from your payday filing compatible software. With this option, employers will file directly from their software.

    Steps to shift to payday filing today
    There are several steps employers can undertake to start payday filing as soon as possible:

  • Review payroll processes, plan and schedule when to make the shift
  • Ask the software provider when they will have payday filing compatible software
  • If the decision is to use myIR to file the IRD must be notified when the change is made to payday filing.

Posted on 24 September '18 by , under tax.