MYOB will be payday filing ready

We're building payday filing functionality into all MYOB payroll products to ensure you stay compliant. We'll notify you soon to opt-in for early release!

What is payday filing?

Payday filing is a simpler way to report your payroll information directly from your payroll software.

All employers will be required to report to the IR on the day they pay staff. Businesses who make over $50,000 PAYE/ESCT deductions a year, will be required to file electronically and those that pay less than this can choose to file electronically or on paper. Payday filing is currently voluntary and becomes mandatory from 1 April 2019.

Employers will no longer be required to file an Employer Monthly Schedule on the 20th of the month. 

Why are changes being made?

The aim is to reduce the compliance burden for businesses. The vision is for PAYE reporting to become part of the pay run process within payroll software, meaning the technology could automatically generate the report and file directly with Inland Revenue.

This will streamline the process by:

  • Reducing the number of payroll processes (removing the Employer Monthly Schedule) 
  • Decreasing the number of deduction errors 
  • Lessening the chance of incurring fines for missing a file date
  • Cutting time spent on payroll compliance

Obtaining PAYE information on a payday basis will enable Inland Revenue to identify problems more quickly, such as when an employee is using two M tax codes. This will improve the accuracy of deductions and reduce the likelihood that employees will miss out on entitlements or incur debt.

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The way you report PAYE information is changing

From 1 April 2019, all employers are required to report payday information to the Inland Revenue on the day you pay staff.

Find out what your business needs to do

Get ready for payday filing!

No matter the product, MYOB has you covered for 1 April 2019 when Payday Filing becomes mandatory.

 

An early access program will soon be available. We’re working with IR to make sure your product is compliant with upcoming changes and will update you with progress.

No action required as your software automates your PAYE reporting and payments each payday. We’re working with IR to make sure your service is compliant with upcoming changes and will update you with progress.

If you are an MYOB Exo Employer Services user, as of 1 April your MyIR system will enable uploading of your payday files. Simply file your final IR348 and IR345 for March then go ahead and upload payday files each payday from 1 April.

MYOB PayGlobal will be providing Payday Filing functionality ahead of the 1 April deadline, however users may wish to take some extra time to prepare. The PayGlobal team can help: schedule in a Readiness Assessment toady. Learn more

MYOB Greentree users will have access to Payday Filing from January 2019. Contact your Business Partner for more information.

Call us on 0800 60 69 62 to discuss your options

Not using MYOB Payroll? Find out how online payroll can take care of payday filing for you.

Contact us