Menu

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

Banner

Accounting & Tax Services

We provide a full range of accounting and tax services ranging from traditional financial statement / tax return preparation

FIND OUT MORE
Banner

Litigation Support

We have significant experience in supporting legal practitioners providing them with financial and accounting advice...

FIND OUT MORE
Banner

Valuation

We are often asked to provide independent valuations of businesses for a variety of reasons other than assisting in dispute resolution or litigation...

FIND OUT MORE
Banner

Mediation

Shane is a chartered accountant with extensive expertise in valuation, assessment of economic loss and providing expert evidence to the courts and other tribunals.

FIND OUT MORE