A detailed look at changes tax agents will see to myIR from next April - 27 November 2017 (On Demand)

Description

Important IR update: This webinar mentions changes to the way Employer Monthly Schedules (EMS) will be filed from April 2018. Please note, the filing process for EMS will not change. Employers will continue to file EMS as they have in the past, e.g. through ir-File in myIR.

If you have any questions relating to the above, please email Inland Revenue directly on IRTransformation@ird.govt.nz.

Significant changes are coming up at Inland Revenue next April, including: 

  •  Collecting PAYE information on our new system 
  •  Moving withholding taxes, Fringe Benefit Tax and gaming machine duty onto the new tax system (FBT, GMD, WT) 
  •  the introduction of the new Accounting Income Method (AIM) option which lets small businesses choose to pay provisional tax ‘as they go’ 
  •  The Automatic Exchange of Information (AEOI)– this is an OECD initiative to reduce and deter offshore tax evasion – NZ is one of 100 countries who have signed up to this standard. It is being implemented internationally over the next two years. 

This webinar will look at the changes we are making to myIR as a result of these changes. We’ll show you some indicative screen shots (design is still continuing) of some of the navigational changes we’re making and where you’ll go to manage your clients, to make transfers etc. and we’ll tell you about some new reports we’re looking to make available. We’ll also talk to you about the tax types that are moving over to the new myIR alongside GST.

The webinar will also look at proposed Payday reporting, which would involve employers reporting employee information every payday, instead of once or twice a month. This is still subject to legislation before Parliament. If passed, it would be voluntary from April 2018 and compulsory from April 2019.

LEARNING OUTCOMES

Attendees will gain practical understanding of changes to myIR taking place next April, and what the new screens will likely look like. They will also get an overview of the changes themselves, both those which are confirmed and those subject to legislation.

DATE OF ORIGINAL  BROADCAST

27 November 2017

SUITED TO

Tax Agents

PRESENTERS

Rachael Hopkinson & Nick Wilkins,  Business Transformation Account Managers, Inland Revenue 

 

There is no CPD with this recording

  • On Demand Event
    Complete online in your own time (Self-paced)
    • Free

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