Employing staff: Business changes
Changes in your business
If you stop paying wages permanently
Let us know if you have stopped paying wages permanently, even if your business is still operating. We can then stop sending you employer forms each month.
What to do
You need to complete your final Employer monthly schedule (IR348) and employer deductions form up to the date you ceased employing. Include in the IR348:
- each employee's finish date
- a note stating that you have stopped employing
- the date you stopped employing.
| Note | |
|---|---|
| If you stopped employing some time ago but have continued to file nil returns, call us on 0800 377 772 and tell us the date you stopped employing. We can then stop sending you employer forms each month | |
If you stop paying wages temporarily
If you have temporarily stopped employing staff you still need to file your employer deduction form and your IR348 as nil returns.
What to do
In the IR348:
- include finish dates for any employee's showing
- write "nil" and sign it.
If you have ceased business
Let us know if you have ceased or are about to cease your business.
What to do
- complete a business cessation (IR315) form and send it to us
- send in your final employer deductions form and IR348
- make sure each employee has a finish date on the IR348.
| Note | |
|---|---|
| From 1 April 2008, employees who received a redundancy payment on or after 1 December 2006 may be able to claim a 6% redundancy tax credit, up to a maximum of $3,600. Find out how your employees can make the claim and what documentation you will need to give them. | |
Date published: 27 Mar 2008
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