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Tax Facts - ACC Premiums

Employer invoicing by ACC takes place from June each year and is based on employee earnings for the year ended 31 March.

Your ACC Premium consists of:

  • ACC Workplace Cover Levy - your classification unit rate x each $100 of liable earnings.
  • Working Safer Levy - 8c x each $100 of liable earnings.

The Classification Unit Rate is based on the actual cost of work-related injuries that occur within your classification unit.  A classification unit is a group of businesses that operate within a similar industry.

The IRD provide ACC with relevant earnings data from employer monthly schedules.  From this information, ACC calculates the total levies due.

For more information on ACC premiums just give us a call or visit the ACC website.

Supplied by CCH Business Fitness NZ

GST Refunds

It is now compulsory for Inland Revenue to provide GST refunds by direct credit.  Refunds by cheque will only be made if Inland Revenue does not have bank details or there are extenuating circumstances.

 

CONTACT US

Balclutha Office
102 Clyde Street, Balclutha
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P. 03 4180020
E: accountants@shandthomson.co.nz
Dunedin Office
7th Floor Westpac Building,
Cnr Moray Place & George Street, Dunedin
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P. 03 4741394
E: accountants@shandthomson.co.nz

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