Wine Equalisation Tax Ruling

WETR 2009/2ER1 - Erratum

Wine equalisation tax: operation of the producer rebate for other than New Zealand participants

Erratum

This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects the calculations within Examples 7 and 8 of Wine Equalisation Tax Ruling WETR 2009/2.

WETR 2009/2 is corrected as follows:

1. Paragraph 65O

Omit the equation; substitute:


29% x ($220/1.1) = $58

2. Paragraph 65Q

Omit the first equation; substitute:


29% x ($110/1.1) - (30/200 x $58)

3. Paragraph 65W

Omit the equation; substitute:


29% x ($4,400/1.1) = $1,160

4. Paragraph 65X

Omit the equation; substitute:


29% x ($6,600/1.1) - $1,160 = $580

5. Paragraph 65AA

Omit the second equation; substitute:


5,109.23 x (4,000/12,000) = $1,703.07

6. Paragraph 65AB

Omit the equation; substitute:


29% x (17,600/1.1) - 1,703.07 = $2,936.93

This Erratum applies on and from 19 March 2014.

Commissioner of Taxation
3 February 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

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References

ATO references:
NO 1-6Z6CKLW

ISSN: 2205-6173