From 1 April 2002 the ACC workplace cover and residual claims
levies are collected from employers by ACC on one invoice.
Previously, the IRD collected the residual claims levy and ACC
collected the workplace cover levy.
This change means employers will no longer need to account to two
organisations for these levies and employers will no longer need to
file with Inland Revenue an IR 68A Residual Claims Levy Statement or
make a levy payment on 31 May.
Employer invoicing by ACC takes place in July and is based on
employee earnings for the year ended 31 March. The IRD provide ACC
with relevant earnings data from employer monthly schedules. This
information is:
- Total gross earnings
- Total earnings not liable to earner levy
- Withholding payments
- Total of earnings exceeding the maximum threshold on which
ACC levy is applied.
From this information, ACC calculates the total levies due.
For more information on ACC premiums visit the
ACC website.
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