Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
Individual income tax return guide 2011 - Inland Revenue Department
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www.ird.govt.nz<br />
63<br />
Question 12 Schedular payments<br />
If you’re a caregiver paid directly by ACC<br />
Use the <strong>income</strong> from schedular payments information on your summary<br />
of earnings (SOE) to help you complete your IR 3. If you haven’t received<br />
an SOE, call us on 0800 377 774 and we’ll send you a copy. If you haven’t<br />
given ACC your IRD number, please include any payments that aren’t on<br />
your SOE in your IR 3.<br />
Enter the amount of <strong>tax</strong> deducted in Box 12A. Enter the total gross<br />
payments to Box 12B.<br />
If you’re a caregiver paid by the ACC client<br />
Using the records you kept on the amount of personal service<br />
rehabilitation payments you received throughout the year, work out the<br />
gross payments to show in your <strong>return</strong>.<br />
Calculating your gross payments<br />
Worksheet 1. Calculating your gross payments that had 11.5%<br />
<strong>tax</strong> deducted<br />
Print in Box 1 the total amount of payments<br />
received that had 11.5% <strong>tax</strong> deducted.<br />
1<br />
Divide Box 1 by 0.885<br />
Print the answer in Box 2. This is the gross payment.<br />
2<br />
If any of your payments had the 25.5% no-notification <strong>tax</strong> rate applied,<br />
you will need to complete the following worksheet.<br />
Worksheet 2. Calculating your gross payments that had 25.5%<br />
<strong>tax</strong> deducted<br />
Print in Box 3 the total amount of payments<br />
received that had 25.5% <strong>tax</strong> deducted.<br />
3<br />
4<br />
Divide Box 3 by 0.745<br />
Print the answer in Box 4. This is the gross payment.
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