A payroll tax default occurs when a taxpayer fails to pay tax in accordance with the Payroll Tax Act (Pay-roll Tax Assessment Act in WA). Two types of tax default can occur:
Late Payment Tax Default – occurs when the correct amount of payroll tax is paid in full after the due date but before any action has been taken by the Commissioner.
Tax Shortfall Tax Default – any tax default, other than late payment.
Means wages that are taxable in the respective state or territory. It does not include exempt wages.
A payment made in consequence of the retirement from, or termination of, any office or employment of an employee. This includes:
Means the Australian Capital Territory (including the Jervis Bay Territory) and the Northern Territory.
See Exemption threshold.
see make-up pay