$500,000pa of No better than the status quo. Better than the status quo Significantly better Significantly Saving PAYE and ESCT than the status quo better than of $8.1 Does not require payday Compliance savings should for frequency of the status million remittance. be available to all employers who remittance quo over can access digital services. While four The lower threshold for As this potential exists there will be This option $50,000pa of years electronic filing would impact costs to upgrade and some would PAYE and ESCT from on approximately 6,000 employers will continue to use require threshold for 2016/17. employers; many others below manual systems and will incur PAYE electronic filing, this threshold are already increased compliance costs as a information all employers filing electronically. result. to be required to file submitted PAYE The requirement for payday Administrative costs should on payday information on submission of information reduce compared to the status quo for 100% of payday. may negatively impact on but they may be higher than under staff. fairness for small employers option 2 because of the receipt of Payroll subsidy using manual systems more paper schedules. repealed.
$500,000pa of PAYE and ESCT for frequency of remittance $50,000pa of PAYE and ESCT threshold for electronic filing, all employers required to file PAYE information on payday. Payroll subsidy repealed. No better than the status quo. Does not require payday remittance. The lower threshold for electronic filing would impact on approximately 6,000 employers; many others below this threshold are already filing electronically. The requirement for payday submission of information may negatively impact on fairness for small employers using manual systems Better than the status quo Compliance savings should be available to all employers who can access digital services. While this potential exists there will be costs to upgrade and some employers will continue to use manual systems and will incur increased compliance costs as a result. Administrative costs should reduce compared to the status quo but they may be higher than under option 2 because of the receipt of more paper schedules. Significantly better than the status quo As Significantly better than the status quo This option would require PAYE information to be submitted on payday for 100% of staff. Saving of $8.1 million over four years from 2016/17.
2017-ris-areiirm-bill-5.docx