What is NZ PayDay reporting?
As of 1st April 2019, employers will need to file their employer obligations data, that is reporting payroll information, to Inland Revenue Department (IRD) on a payday basis rather than the current monthly basis.
Payday filing will comprise two sets of data:
- Employment Information includes employees’ income and deduction information for a specific paydate.
- Employee Details such as employee name, address, phone numbers, data of birth when available, employment start and end dates, tax code, Kiwisaver information and so on.
Employers and PAYE Intermediaries using payroll software (whether voluntarily or mandated), must report Employment Information to IRD within two working days of the payday that the data relates to.
Employees Details are required to be supplied to IRD no later than the next filing of Employment Information.
We are working closely with the IRD to deliver the required changes to ensure our customers meet their PayDay reporting obligations from April 1, 2019.
Deferrals and Exemptions
No deferral or exemption process is available for Payday reporting, all employers and intermediaries must meet their new obligations from April 1, 2019.
We will continue to update customers with any key information as soon as it becomes available. We will also provide customers with ongoing education about IRD PayDay and the FastTrack solution.
Please keep an eye on your inbox for any communications from us, save this website page and stay informed via the IRD website.
FastTrack begins the whitelisting process for emulated services.
IRD attended FastTrack Get Ahead eventPayday reporting available for those who voluntarily opted in to payday filing from 2018.The Payday Reporting bill i.e. Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill, received Royal Assent and is available on the New Zealand Legislation website.
The Finance and Expenditure committee reported back to the House on 20/02/18 recommending that the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill be passed with a number of changes.
FastTrack attended the ABSIA conference with IR representatives.
FastTrack attended a Payday Reporting Workshop in Auckland at the request of IRD.