13EAnnual reconciliation

#### 13E Annual reconciliation 13E Annual reconciliation > A betting operator’s point of consumption tax liability is to be recalculated after the end of the relevant financial year. > > Note— > > Section 18 of the [Taxation Administration Act 1996](/view/html/inforce/current/act-1996-097) provides that if a taxpayer has paid a greater amount of tax in relation to a tax liability than the amount assessed for that liability, the Chief Commissioner must refund the difference to the taxpayer. > > **s 13E:** Ins 2018 No 69, Sch 1 \[4\].