One PAYE Better than the status quo Significantly better than the status Significantly better Better than Greater threshold quo than the status quo the status targeting This option supports payday of quo of the filing and remittance All but 2.7% of employers over Threshold would see PAYE and ESCT payroll pay period should reduce costs for those this threshold are already PAYE subsidy information reported using software. The threshold payroll software and should information would on payday for exempts the majority of micro experience a decrease in overall received on save majority of and small employers from compliance costs compared with payday is $3.1 employees. payday filing and remittance the status quo. Administration the best Order-in-Council to million requirements but allows them costs should reduce. basis for change the threshold over allows for more the choice of whether to use improved four flexibility. the new systems. services. years This option from is better than 2016/17. the status quo and although it does not as require many employers to file PAYE information on payday as options 3 or 4 does it would result
One PAYE threshold of PAYE and ESCT Better than the status quo This option supports payday filing and remittance should reduce costs for those using software. The threshold exempts the majority of micro and small employers from payday filing and remittance requirements but allows them the choice of whether to use the new systems. Significantly better than the status quo All but 2.7% of employers over this threshold are already payroll software and should experience a decrease in overall compliance costs compared with the status quo. Administration costs should reduce. Significantly better than the status quo Threshold would see pay period information reported on payday for majority of employees. Order-in-Council to change the threshold allows for more flexibility. Better than the status quo PAYE information received on payday is the best basis for improved services. This option is better than the status quo and although it does not require as many employers to file PAYE information on payday as options 3 or 4 does it would result Greater targeting of the payroll subsidy would save $3.1 million over four years from 2016/17.
2017-ris-areiirm-bill-5.docx