ACC MOVES TO SINGLE BILLING FROM FROM 1 APRIL 2002
premiums for ACC cover for the current period (eg 1 April 2002-31 March 2003), and
Residual Claims and Earner's Account Levies for the previous period (e.g. 1 April 2001-31 March 2002)
you will not be required to file an IR68A return on 31 May 2002 or future years.
IRD will provide ACC with earnings information from your employer's monthly PAYE schedule.
ACC invoicing for both premiums and levies will begin from July 2002.
you will not be required to calculate levies in your 2002 and future years tax.
IRD will provide ACC with relevant earnings data from your return which will allow ACC to calculate your liable earnings.
ACC invoicing for both premiums and levies will begin from November 2002.
You will receive one invoice.
Self-employed people with ACC CoverPlus Extra will receive a separate invoice for residual claims levies from November 2002.
the company will not be required to calculate ACC premiums and levies in 2002 and future year's IR4 company tax returns.
IRD will provide ACC with details of shareholder-employee remuneration not subject to PAYE.
ACC invoicing for both premiums and levies will begin from July 2002. The company will receive one invoice.
|Residual Claims and Earner's
Account Levies will continue to be collected in arrears e.g levies for the
income year ended 31 March 2002 will be collected during the 2002 calender
||IRD will still collect the
employee Earner premium for salary and wages earners (including Earners
Account Levy) through PAYE deductions.
||All Residual Claims Levies
due on earnings to 31 March 2001 must be paid to IRD.
||IRD will manage collection
of outstanding levies due for the years up to and including 31 March 2001.
This includes returns that have not been completed or have outstanding
Responsibility for collecting the residual claims levy will transfer from Inland Revenue Department to ACC Corporation with effect from 1 April 2002. This will mean that customers will have only one organisation to deal with all ACC services. It also means that in future there will only be one invoice for all ACC premiums and levies. When completing tax return forms, employers and the self employed will no longer need to calculate liable earnings and ACC levies amounts.
Earner premiums will continue to be collected through PAYE deductions. ACC will receive customer earnings information from Inland Revenue returns. This means that employers will no longer need to self complete the IR68A form which will be discontinued. 350,000 customers will no longer need to complete the ACC levies section in the IR3 return.
ACC will be communicating more details directly to employees and self employed people in March/ April 2002.
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