Pay As You Earn

PAYE Bulletin 7W

Notice of Withdrawal

Date of Issue: 18 April 2007

Valid from 18 April 2007

Payments of RPS, PAYE and PPS Deductions to the Commissioner by Large Remitters - Commissioner's Discretion to Extend the Due Date

PAYE Bulletin Number 7 is withdrawn with effect from today.

1. PAYE Bulletin Number 7 sets out guidelines for the exercise of the Commissioner's discretion to extend the due date for payment of deductions of tax by a large remitter under the Reportable Payments System (RPS), the Pay As You Earn (PAYE) system and the Prescribed Payments System (PPS). A large remitter is generally a person whose deductions under the RPS, PAYE and PPS for any financial year ending on or after 30 June 1998 exceed $1 million.

2. The Pay As You Go (PAYG) withholding system came into effect from 1 July 2000. Following the introduction of the PAYG withholding system, the RPS, PAYE and PPS payment systems were replaced. The RPS, PAYE and PPS payment systems ceased to apply to a large remitter from that date.

3. PAYE Bulletin Number 7 is no longer current and does not apply to a large remitter after 1 July 2000.

ATO references:
NO NAT 2006/20258

Related Rulings/Determinations:
PAYE Bulletin 7