NSW State Payroll Tax threshold showing the incorrect amount in Payroll Premier 2010/11

Legacy KB ID: 3745

Question

Why is the NSW State Payroll Tax threshold showing the incorrect amount?

Answer

Currently the New South Wales State Payroll Tax threshold and percentage shows the incorrect amount in Payroll Premier 2010/11 and therefore Payroll Tax reports calculate the incorrect figures.

For the 2010/11 financial year the correct threshold is $658,000;

Also during this period the percentage rate for the NSW State Payroll Tax will vary depending on the time of year.

NSW percentage rates:-

From 1st July 2010 - 31st December 2010 = 5.55%

From 1st January 2011 - 30th June 2011 = 5.45%

 

For full details, visit the NSW office of State Revenue at https://www.osr.nsw.gov.au/taxes/payroll/

 

Our Development Team is investigating this issue.

 

 

Solution

Manually adjust the threshold and percentage

  1. On the top menu line, click on Lists then Payroll Tax Scales;
  2. Double click on NSW payroll Tax;
  3. In the threshold Column, change 638000 to 658000;
  4. In the Multiplier column, change 0.0565 to 0.0555;
  5. Click OK to save and close.

 

You should note your diary to change the multiplier to 0.0545 before starting the first pay in January 2011.

 

 

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NSW State Payroll Tax threshold showing the incorrect amount in QuickBooks 2011/12
State Payroll Tax thresholds and rates incorrect in Payroll Premier 2011/12
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