Pay As You Earn
PAYE Bulletin 5W
Notice of WithdrawalDate of Issue: 18 April 2007
Valid from 18 April 2007
Taxing of Allowances for the 1997/98 Income Year
PAYE Bulletin Number 5 is withdrawn with effect from today.
1. PAYE Bulletin Number 5 outlines the correct tax treatment of allowances for the 1997/98 income year under the Pay As You Earn (PAYE) system.
2. The PAYE system of taxation ceased to apply to employers from 1 July 2000 when the Pay As You Go withholding system came into effect.
3. PAYE Bulletin Number 5 is no longer current and does not apply to allowances paid to employees after 1 July 2000.
ATO references:
NO NAT 2006/20258
Related Rulings/Determinations:
PAYE Bulletin 5
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