Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) An employer who
has been using the actual value method may change to using the estimated value
method for an assessment year if the employer —
(a) is
eligible to use the estimated value method under regulation 22; and
(b)
gives the Commissioner notice of the intended change before the day on which
the first or only return for the assessment year is required to be lodged by
the employer.
(2) An employer who
has been using the estimated value method may change to using the actual value
method for an assessment year if the employer gives the Commissioner notice of
the intended change before the day on which the first or only return for the
assessment year is required to be lodged by the employer.
(3) A notice under
subregulation (1) or (2) must be in a form approved by the Commissioner.
(4) On the written
application of an employer, the Commissioner may allow the employer to change
the method for calculating the value of fringe benefits during an assessment
year if the Commissioner is satisfied that —
(a)
there is a compelling reason for making the change; and
(b) if
the change is not allowed, the amount of pay-roll tax paid by the employer
during the assessment year would be substantially greater than the amount
payable for the assessment year on the grossed-up value of the fringe benefits
provided by the employer for the whole assessment year.
(5) If an employer
changes from the estimated value method to the actual value method during an
assessment year, the value of the fringe benefits to be included in the last
return lodged by the employer for the assessment year is the amount equal to
the difference between —
(a) the
amount equal to the sum of —
(i)
the grossed-up value of the WA fringe benefits provided
by the employer for the FBT year ending on 31 March in the assessment
year; and
(ii)
the grossed-up value of the WA fringe benefits provided
by the employer in April, May and June of the assessment year (if any);
and
(b) the
amount equal to the sum of —
(i)
one quarter of the grossed-up value of the WA fringe
benefits provided by the employer for the FBT year that ended in the first
financial year in which the employer last chose to make returns using the
estimated value method; and
(ii)
the total of the amounts of the WA fringe benefits
included in the employer’s returns for the assessment year.
(6) If an employer
changes from the actual value method to the estimated value method during an
assessment year, the value of the fringe benefits to be included in the last
return lodged by the employer 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 for the
FBT year ending on 31 March in the assessment year; and
(b) the
total of the amounts of the WA fringe benefits included in the
employer’s returns for the assessment year.