227DTransitional provision for certain filing requirements of employers

1. For the purposes of this Act and the Income Tax Act 2007, when an employer or PAYE intermediary is required to provide an employer monthly schedule and a PAYE income payment form relating to the last month of the transitional period referred to in section 227C(1), the usual rules apply for the delivery of the schedule and form despite the fact that the transitional period is expressed to end on 31 March 2019. This subsection does not apply in relation to an obligation referred to in subsection (3).

2. For the purposes of this Act and the Income Tax Act 2007, when an employer chooses to apply the provisions in the amendment Act for the transitional period under section 227C(2) in a month (the month of the election), they must provide an employer monthly schedule and a PAYE income payment form relating to the previous month by the due date in the month of the election.

3. For the purposes of this Act and the Income Tax Act 2007, in relation to a benefit received by an employee or former employee under an employee share scheme for the period that starts on 16 March 2019 and ends on 31 March 2019, an employer to whom section RD 4(1)(b) of the Income Tax Act 2007 applies must—

4. apply the provisions in the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 in relation to the tax treatment of the benefit; and
5. provide their employment income information in relation to the benefit under the provisions in subpart 3C rather than including the information in the employer monthly schedule and PAYE income payment form.