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New Look Pay Parity Remittance Advice
Kia ora e te whānau,
This pānui is specifically for Kōhanga Reo that have opted into Pay Parity. We are writing to explain the changes to how GST will look on the new remittance advice from March 2025.
Before we continue we want to let whānau know your GST liability will not change from previously. We have made these changes because of feedback from whānau and want to make the remittance advice clearer.
What will you see?
From March 2025, all funding lines will include GST, and the Kaupapa Funding will be consolidated. The remittance advice will match the payment advice in Edge.
The Pay Parity deduction will not change (65% and whānau contribution 5%) each with its GST.
The amount received in your bank account and the amount paid to the IRD will not change.
Support and Resources
We understand that these changes may involve small changes to your current processes, and we are here to help. A guide is currently being developed and will be available soon. This will include detailed guidance and examples of how to account for the new GST treatment.
Need Help?
For queries about your remittance advice or your payment amount – please contact [email protected]. For queries about how to use Xero or any help with Xero – please contact [email protected]
Ngā mihi nui,
Endorsed by the CE’s Office
Angus Hartley
Tumu Whakarae | Chief Executive Officer
Te Kōhanga Reo National Trust
This pānui is specifically for Kōhanga Reo that have opted into Pay Parity…