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.