New Zealand tax legislation allows employers to claim any annual leave paid out within 63 days of the end of the financial year as a deduction in that year.
You'll need a Leave Liability Report to get the Holiday Pay and Annual Leave totals as at 31 March. Follow the instructions in this article to download a copy of the Leave Liability Report filtered to March 31st: Leave Liability Report.
Then use Insights Reports to create the following report of leave paid out during the 63 day period:
- Name your report
- Set the Table to Leave Pay Detail
- Add the columns you're interested in (the screenshot above shows an example of the most common columns to add)
Under Filters you'll need to apply a date range filter for the 63 day period:
- Set the filter type to Range
- Set the field to Pay End Date
- Set the range to the 63 day period (April 1st to June 2nd)
- Click Save Filter
Click the button in the top right to see a report of any pays ending within the specified date range which paid out leave.
You may also wish to use filters to view only specific types of leave.
In these cases, you may also need to report on the Holiday Pay that was paid in their Final Pay. To accommodate this you'll need a second report with the following settings:
- Name your report
- Set the Table to Pay Detail
- Add the columns you're interested in (the screenshot above shows an example of the most common columns to add)
Under Filters you'll need to apply a date range filter for the 63 day period:
You'll also need to add a filter for Pay Item = Holiday Pay:
And a filter for Final Pay = True:
Click the button in the top right to see a report of any Final Pays ending within the specified date range which contained Holiday Pay payments.
Note: If any of these employees were on Holiday Pay As You Go they can be excluded from this report.
Comments
0 comments
Article is closed for comments.