Payroll Tax Act 2007

In this Schedule—

annual threshold amount means the threshold amount under Schedule 1 for the financial year of which the relevant period forms part.

financial year means a financial year commencing on 1 July 2008, 2009 or 2010.

half-year means the first or second half of a financial year (with the first half comprising the months July to December and the second half comprising the months January to June).

N is the number of days in the relevant period.

R has the same value as in Schedule 1 in respect of the relevant period.

relevant period means the period to which the calculation of the relevant payroll tax relates.

TA or threshold amount for a relevant period is the amount calculated by multiplying the annual threshold amount by N/365.

Note.

Clauses 9 and 14 provide that when wages for half a financial year are less than the threshold amount for that half-year, the unused portion of that threshold amount is to be allocated to the other half of the financial year.