15ATax payable on annual basis

15A Tax payable on annual basis

(1) This section applies to an employer in respect of a financial year unless the employer has furnished, or is required to furnish, a return in respect of the whole of that financial year. (1A) This section does not apply in relation to the financial year commencing on 1 July 1987 or any subsequent financial year. (2) Where this section applies to an employer in respect of a financial year and the amount of tax applicable on an annual basis in relation to that employer in respect of that year exceeds the amount of tax applicable otherwise than on an annual basis in relation to that employer in respect of that year, tax equal to the amount of the excess is, in addition to tax referred to in section 10, payable in respect of taxable wages paid or payable by the employer during the financial year. (3) In this section:

amount of the calculated deductions, in relation to an employer to whom this section applies in respect of a financial year, means the amount of the calculated deductions applicable to the employer under subsection 14(5), in respect of that financial year, for the purposes of subparagraph 14(2)(d)(ii).

amount of tax applicable on an annual basis, in relation to an employer to whom this section applies in respect of a financial year, means the amount of tax that would be payable by the employer in respect of taxable wages paid or payable by him or her during that year if:

(a) no returns were required to be furnished by the employer in relation to any month or period forming part of the financial year but a return were required to be furnished by the employer in relation to the whole of that financial year; and
(b) there were deducted in accordance with section 12 from the wages that would be required to be included in that return:
(i) where the employer has not included, and is not required by a corresponding law to include, any wages in a return furnished under a corresponding law—the amount that is the prescribed amount under section 14 in relation to the employer in respect of that year; or
(ii) where the employer has included, or is required by a corresponding law to include, any wages in a return furnished under a corresponding law—the amount that is the amount of the calculated deductions in relation to the employer in respect of the year.

amount of tax applicable otherwise than on an annual basis, in relation to an employer to whom this section applies in respect of a financial year, means the tax referred to in section 10 that is payable by the employer in respect of taxable wages paid or payable by him or her during that year.

prescribed amount under section 14, in relation to an employer to whom this section applies in respect of a financial year, means the amount applicable to the employer in respect of the year under whichever of subsections 14(4A) and (4B) applies to the employer in respect of that year.