Our March 2017 compliance release is now available.
View the PDF Newsletter online (2.6MB)
In March 2016, Inland Revenue issued a ruling stating that certain types of holiday pay must be taxed at the higher PAYE rate of extra pay, rather than the regular salary or wages rate.
Ace Payroll has been updated to help you handle these requirements.
The higher extra pay rate will be applied to holiday pay in advance, cashed up holiday pay, and termination payments. As you add holiday pay, Ace Payroll will calculate the correct PAYE rate for you.