Pay As You Earn
PAYE Bulletin 1W
Notice of WithdrawalDate of Issue: 18 April 2007
Valid from 18 April 2007
For Employers
PAYE Bulletin Number 1 is withdrawn with effect from today.
1. PAYE Bulletin Number 1 explains the Pay As You Earn (PAYE) system of taxation and provides an overview of the system for new employers. The PAYE system (also known as group tax) was the way salary or wage earners paid their tax and Medicare levy by instalments deducted from their pay. An employer made the deductions from their employees' salary or wages and paid the deductions directly to the Tax Office.
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 PAYE Bulletin Number 1 is no longer current and does not apply to employers after 1 July 2000.
ATO references:
NO NAT 2006/20258
Related Rulings/Determinations:
PAYE Bulletin 1