Attention all Payroll officers, payroll managers, tax manager and CFO’s

Payday Filing Is Changing 1 April 2019

As we fast approach the 1 April 2019 deadline for the impending payroll changes set by the Inland Revenue (IRD) it is becoming more important than ever that you check if your payroll software is going to be ready.

IRD recognises the impending urgency of time forever marching on and has sent an email to every employer in New Zealand about the impending compliance changes. In their email they have reiterated you need to check your software is compliant as the old way of doing things is not going to work post 1 April 2019.

Instead of filing your Employer monthly schedule (IR348) every month, you’ll need to file your employment information every payday in line with your normal payroll cycle. The New Zealand government recently passed a bill that means all employers now need to file employment information to the Inland Revenue (IRD) on a payday basis, instead of monthly. If employers make over $50,000 in PAYE/ESCT deductions a year, they will be required to file online. Payday filing is currently voluntary and becomes mandatory from April 2019.

Here at Tandem, we are one of the few software development houses in the country which have successfully fully integrated with the IRD new PayDay filing system allowing transfer of Payroll data back and forth.

Have you checked your Payroll system? Are you going to be able to comply with the new legislation requirements? It is best you check now and avoid costly issues with the Inland Revenue and possibly your staff later.

What do you need to do now?

  1. Review your payroll processes, plan and schedule when to shift.
  2. Ask your software provider when they’ll have the payday filing compatible software.
  3. Opt-in through your myIR account before the month you start payday filing.
  4. Talk to Tandem NZ about what you need and when.
IRD integration for Payday filing

Find out more

You can check out the IRD website for more information on the changes and what it means for you or talk to us to find out if your software is ready and what you need to do.