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Why is payday filing coming?
Inland Revenue is introducing payday filing to reduce the number of steps and potential errors associated with processing and filing payroll.
Does payday filing apply to everyone?
Yes, from 1 April 2019 payday filing is compulsory. And if you make PAYE/ESCT deductions of more than $50,000 a year, you must file online.
When can I start payday filing in Xero?
We’re working closely with Inland Revenue to make sure payday filing will be ready for you to use in Xero by 1 April 2019.
What is payday filing?
Payday filing is a new method for reporting employment information, and is compulsory from 1 April 2019.
Each time you pay staff, you'll need to file employee information to Inland Revenue within two days.
What does it mean for you?
Payday filing means you’ll need to file:
- more information
- more frequently
- and if your annual PAYE and ESCT deductions are $50,000 or more, you’ll need to do it online
With Xero Payroll, it’ll be easier to report payroll information directly to Inland Revenue.
By 1 April 2019, Xero will seamlessly integrate with Inland Revenue so payday filing can be done in just a few clicks.
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