Exclusions From IR348 Employer Monthly Schedule

Employers are required to lodge an IR348 Employers Monthly Schedule with the IRD once a month showing details of all tax deductions made.
If you do not deduct tax from an employee, contractor or company, the IRD does not want the details shown on the IR348.

Contractors or Companies

If you deduct witholding tax from a contractor or company, then the contractor or company must be shown on the IR348.
If no witholding tax is deducted, the contractor or company is to be excluded from the IR348.

Directors Drawings

Some clients use Ace Payroll to regularly transfer money to a director by way of drawings, with no tax deducted.
In these cases the director takes responsibility for paying their own tax using the provisional tax system.
If no tax is deducted, then the director's drawings are not to be shown on the IR348.
Note that some company directors prefer their drawings to be taxed at source, using the PAYE system. If tax is deducted in this manner, then the payments to the director are required to be shown on the IR348.

To exclude an employee from the IR348 Employers Monthly Schedule, select Modify Employee Details then Personnel
Click Exclude From IR348 as circled in yellow.

Then select whether to exclude or include the employee on the schedule as shown below.

At this time you may wish to set the employee tax code to NIL
Note that if any tax is deducted from the employee during the month, Ace Payroll includes the employee on the IR348 irrespective of the above settings.

Printed IR348 Employer Monthly Schedules

Monthly and twice monthly PAYE returns
All employers need to pay their PAYE either once or twice a month more..

Employees With No Payments
This field decides whether employees that are not paid are included in your return to the IRD more..

IRD Returned IR348
The IRD has returned our printed IR348 Employers Monthly Schedule saying it is unsuitable. What is the problem? more..

New Employees & Printed Monthly Schedules
The IRD version of the schedule comes back the following month showing the new employee's IRD number with 'name required' where the name should be more..

IR348 Tips and Traps
Miscellaneous tips and traps relating to the printed IRD Approved IR348 form more..

Exclusions From IR348 Employer Monthly Schedule
If you do not deduct tax from an employee, contractor or company, the IRD does not want the details shown on the IR348 more..

Monthly payment and reporting to Inland Revenue
Dealing with the IRD on a regular basis is easy. There are only two things to be done each month more..

Payroll Giving
Payroll Giving allows staff to make charitable donations on a regular basis more..

Alphabetical Index
The Ace Payroll alphabetical index provides links to all documentation more..

Ace Payroll FAQ Contents
All the most common Ace Payroll questions grouped by categories in a short table of key words more..

Ace Payroll Frequently Asked Questions
All the most common questions we are asked at Ace Payroll listed in a question format and grouped by category more..