A mere 5% of New Zealand employers have signed up to the Inland Revenue's (IRD) new payroll reporting system – only four months before the final deadline to do so.
The changes require businesses to send their payroll details to the IRD at the same time they pay their employees. At the moment, it happens once a month.
The Inland Revenue's customer segment leader, Richard Owen, said it would be difficult to persuade the remaining 95% of businesses to sign up, even though the changes would make their lives easier.
"We're really trying to actually ensure that we integrate the things that employers ordinarily do as part of their normal business process," he told Radio NZ. "So whilst initially this will seem like a change for employers, we're really trying to ensure that actually we're aligning with their process rather than ours."
He added that the Inland Revenue was there to assist employers in making the switch.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
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A mere 5% of New Zealand employers have signed up to the Inland Revenue's (IRD) new payroll reporting system – only four months before the final deadline to do so.
The changes require businesses to send their payroll details to the IRD at the same time they pay their employees. At the moment, it happens once a month.
The Inland Revenue's customer segment leader, Richard Owen, said it would be difficult to persuade the remaining 95% of businesses to sign up, even though the changes would make their lives easier.
"We're really trying to actually ensure that we integrate the things that employers ordinarily do as part of their normal business process," he told Radio NZ. "So whilst initially this will seem like a change for employers, we're really trying to ensure that actually we're aligning with their process rather than ours."
He added that the Inland Revenue was there to assist employers in making the switch.
Emma Woollacott is a freelance business journalist. Her work has appeared in a wide range of publications, including the Guardian, the Times, Forbes and the BBC.
OTHER STORIES THAT MAY INTEREST YOU
Minimum wage rises expected to spur inflation in New Zealand
New Zealand launches apprenticeship for benefits scheme
New Zealand payroll body calls for holiday pay to be standardised
