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Are you ready to implement the new rules about when you are required to file your PAYE figures?

If the combined PAYE and ESCT deductions exceed $50,000 per year, you have two working days in which to send the information, electronically, to the Inland Revenue Department, using an IRD approved software package which automatically derives the figures the department wants.

If the combined deductions amount to less than $50,000 per year, you may continue with paper filing, but you have 10 working days after payday to get the figures to Inland Revenue. Alternatively, you can file returns by the 15^th of the month and the end of the month, being twice a month.

It may be useful to note you can still file the figures by just filling in a form on the Inland Revenue website.

If you are a very small business, are you going to be able to handle PAYE returns while you take a holiday, bearing in mind returns have now got to be put in at least twice a month? You will need to work out a solution to this if you are the person who prepares the wages.