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Handling of GST Changes in Ace Payroll
- GST changes from 12.5% to 15% on 1st October 2010.
- This change has almost no impact on the Ace Payroll software itself.
- The only clients who need to make a change are those that pay contractors using Ace Payroll and show the GST in the payroll.
- If in this situation, you will have GST set up as a Non Taxable Allowance based on 12.5% of gross.
- Follow these steps to make the change.
 | From the front screen select Modify An Allowance |
 | Select the allowance, then click the Calculation Method panel. |
 | The Percentage of Total Gross calculation method will already be ticked. Click over percentage rate as circled. |
 | Change the value from 12.5 to 15. |
- Once the above change is made any contractor where GST is paid will automatically change from 12.5% to 15%.
- For this reason ensure you do not change the GST rate until after you have filed the final September pay.
More On Tax Codes and Rates
| Paying Contractors How to set up a contractor covering items such as tax code, holiday pay and KiwiSaver more.. | Tax Calculation Bills & Refunds Tax bills & refunds, tax calculation checklist, monthly printed tax table discrepancies more.. |
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Tax Code Entry Entry of tax codes, percentage tax deductions, student loan special tax codes, withholding tax at zero percent etc more.. | Taxation of Holiday Pay This article shows how easy it is to tax holiday pay according to IRD requirements more.. |
| Monthly and twice monthly PAYE returns
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