Western Australian Consolidated Regulations

PAY-ROLL TAX ASSESSMENT REGULATIONS 2003 - REG 23

23 .         Monthly returns using the estimated value method

        (1)         If an employer who lodges monthly returns uses the estimated value method for an assessment year, the value of the fringe benefits to be included in each monthly return for the year except the last monthly return is the amount equal to 1/12 ^th of the grossed-up value of the fringe benefits provided by the employer in relation to the FBT year ending on 31 March in the financial year immediately before the assessment year.

        (2)         The value of the fringe benefits to be included in the employer’s last monthly return for the assessment year is the amount equal to the difference between —

            (a)         the grossed-up value of the WA fringe benefits provided by the employer during the FBT year that ended on 31 March in the assessment year; and

            (b)         the sum of the amounts included in the returns for each of the previous months of the assessment year under subregulation (1).