Managing employer returns

There have been proposals for changes to the management of employer returns.

The Government has announced that changes will be made to the process of filing employer returns, with the main change proposed being to file returns based on the business pay cycle rather than based on the calendar month. You won’t have to make the return on the payday, you will have time to do this. On top of this, payment due dates for your PAYE and other deductions won’t change.

There are multiple benefits to this change, including:

• Having current information on hand and fresh in your mind, rather than having to file it away and fetch it at a later date.
• Makes it easier for the IRD to use up-to-date, accurate information to ensure everyone pays and receives the correct tax and entitlements throughout the year.

For those who process their returns online, as of April 2018, there will be changes to the online services, including how information is uploaded and how the services look.

If these proposals become law, payday reporting will be voluntary from April 2018 and required from April 2019.