What is Payday Filing and what You Need to Know about It | Beany

What is Payday Filing and what You Need to Know about It

Business

The IRD is broadcasting on all channels right now about payday filing which is compulsory from April 1st 2019.

It’s pretty straightforward – all employers will need to file their employee information within 2 days of their payday.  This is the PAYE information we used to file monthly with the payment of PAYE. Eventually we will have to pay within the same time period but that’s not happening quite yet.

You could start doing this now if you want to – but it looks like Xero isn’t quite there yet with their software so you can either check with your payroll software provider to see if they are ready, or simply wait until 1 April 2019.  

The reason the IRD want to do this is so that their employee information is more current and, I guess, because they can!

Theoretically the payday filing will be done direct from your payroll software or via your MyIR account which you will have to set up and elect to use payday filing.  Here’s a link to some more information.

Our support team will be happy and ready to support you through the first time you file, if you need any help.  Just send us an email to support@beany.com or call us on 0800 755 333 for more information.

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