The Office of State Revenue announced this week that there will be additional scrutiny on retrospective NSW Payroll Tax Rebate applications made after 23 November 2015.

The Office of State Revenue announced this week that there will be additional scrutiny on retrospective NSW Payroll Tax Rebate applications made after 23 November 2015.

We therefore strongly recommended that all applications for retrospective lodgements are made before this date. We have had success in lodging retrospective registrations for eligible employment as far back as July 2011.

The Jobs Action Plan is an initiative previously introduced by the NSW Government in 2011. It provides an incentive to businesses to employ new workers through a payroll tax rebate of up to $5,000 per eligible employment.

This announcement does not impact prospective rebate claims with new jobs created up to 30 June 2019 still potentially eligible for the rebate under the scheme.

Click here to find out more about the scheme and your eligibility.

What to do

While the Commissioner has previously exercised discretion to allow retrospective lodgements, this communication suggests that the Office of State Revenue may start to reject these applications from 23 November 2015 unless there are extenuating circumstances.

If you feel your company has created and maintained new jobs since July 2011 we would strongly recommend that an application for a retrospective rebate claim is processed before 23 November 2015.

For more information please contact your usual Grant Thornton advisor, or:

George Bendall | Senior Manager - Tax
T +61 2 9286 5484 | E george.bendall@au.gt.com