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Tax Administration Act 1994

Third-party providers - PAYE intermediaries

124O: Employers’ arrangements with PAYE intermediaries

You could also call this:

"Telling the Commissioner about working with a PAYE intermediary"

Illustration for Tax Administration Act 1994

If you want to work with a PAYE intermediary, you must tell the Commissioner about the arrangement. You need to provide the intermediary's name, how long they will work for you, and their bank account number. You also need to say if the intermediary will collect ESCT amounts for you. The Commissioner must be told, but the intermediary can do this for you. When the arrangement is approved, the Commissioner will let you know, and it will apply to pay periods starting 14 days after the notice is given. You or the intermediary can end the arrangement by telling the other party and the Commissioner. You must say when the arrangement will end, and it must be after you give notice.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1247638.

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Part 7BThird-party providers
PAYE intermediaries

124OEmployers’ arrangements with PAYE intermediaries

  1. An employer who wishes to enter an arrangement with a PAYE intermediary must notify the Commissioner of the proposed arrangement, providing—

  2. the name of the PAYE intermediary:
    1. the period for which the PAYE intermediary is to act for the employer:
      1. the bank account number of the PAYE intermediary into which the employer will deposit amounts:
        1. whether the proposed arrangement requires the PAYE intermediary to collect amounts under the ESCT rules.

          1. The notification requirements in subsection (1) are met if the PAYE intermediary provides the information set out in paragraphs (a) to (d).

          2. On approval of the arrangement, the Commissioner must notify the employer, and the approval applies to pay periods that begin on or after 14 days after the date on which the notice is given.

          3. An employer or a PAYE intermediary may end the arrangement by notifying the other party and the Commissioner. The notice must state the date that is after the notification for the end of the arrangement.

          4. Repealed
          Compare
          Notes
          • Section 124O: replaced, as section 15J (with effect on 1 April 2008), on (applying for tax on income derived in 2008–09 or later income years), by section 598(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
          • Section 124O: renumbered, on , by section 9(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
          • Section 124O(1B): inserted, on , by section 87(1) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
          • Section 124O(4): repealed, on , by section 87(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).