The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
Published on

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).

payroll wages salaries-423Version 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.
It’s important to note that amendments to EI will have to be made using the same version as the original file. For example, if you file through version 1 you must amend through version 1.

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.

Topics: Inland Revenue Department Payday filing Payroll