Show download pdf controls
  • Trends and latest findings

    Since 2011, the wine equalisation tax (WET) gap estimate has reduced from the earlier high to a relatively stable and lower level of $21 million for the 2016–17 year. From a tax perspective, this means that over 97% of the tax we expect to receive is received, the bulk of which is voluntary.

    This updated estimate uses a statistical based approach, referred to as extreme value theory. This allows us to view the trend for the first time using a single method.

    Note that amounts reported in this estimate are rounded to the nearest $ million.

    Table 1 shows the tax paid, amendments, WET gross gap and WET net gap estimates for the period 2011–12 to 2016–17.

    Table 1: WET amounts, 2011–12 to 2016–17

    Element

    2011–12

    2012–13

    2013–14

    2014–15

    2015–16

    2016–17

    Gross gap ($m)

    63

    126

    58

    34

    29

    29

    Amendments ($m)

    18

    21

    16

    11

    7

    9

    Net gap ($m)

    45

    105

    42

    24

    22

    21

    Tax paid ($m)

    700

    730

    743

    778

    816

    817

    Theoretical liability ($m)

    746

    835

    784

    801

    839

    838

    Gross gap (%)

    8.5

    15.1

    7.3

    4.3

    3.5

    3.5

    Net gap (%)

    6.1

    12.6

    5.3

    3.0

    2.6

    2.5

    Note: WET gap estimates are in respect of net WET (that is, WET payable less WET refundable). Amounts and percentages may not reconcile due to rounding.

    Figure 1 shows the trend in tax paid and the WET gap over the same period.

    Figure 1: Amount of WET paid and net gap, 2011–12 to 2016–17  

    This graph shows the amount of WET paid and the net gap stated in Table 1 for the years 2011–12 to 2016–17.

    Figure 2 displays the same information as a percentage.

    Figure 2: Gross and net WET gap percentages from 2011–12 to 2016–17

    This graph is a pictorial representation of the gross and net gap percentages stated in Table 1 for the years 2011–12 to 2016–17.

    Return to:

      Last modified: 17 Oct 2019QC 57167