Moving to version 2 of payday filing
From 1 April, the Inland Revenue will require all employers to use the new payday filing format (version 2).Version 2 has been available since April 2020 and provides more Employee Information (EI) and Employee Detail information than the current version 1.
The Inland Revenue has been working with payroll software developers to help ensure they build Version 2 into their systems in good time.
- If you file onscreen through myIR or paper, there is no change as the version 2 changes have been in place since April 2020.
- If you use a Payroll Bureau or Intermediary service there will likely be no impact as your payroll service provider will make any necessary changes.
- If you file through software, you should notice little change.
- If you have your own in-house systems, you will need to build version 2 into your system before April this year.
If you file through software, please contact the team at Alliott NZ in Auckland or your payroll software provider if you want to know more about what will be changing and when.