sec.112Basic principles for working out employer’s annual liability

### sec.112 Basic principles for working out employer’s annual liability This section applies if there was a prescribed period during the year for— the employer; or if the employer was a member of a group during the year—the group. For working out the employer’s annual liability for the transitional year— taxable wages paid or payable by the employer for the prescribed period are not included in the employer’s annual wages for the year; and payroll tax paid or payable by the employer for the prescribed period is not included in the employer’s periodic liability for periodic returns during the year; and the employer’s annual deduction must be worked out without having regard to the days in the prescribed period. This section applies subject to sections 113, 114, 118 and 119. s 112 ins 2004 No. 46 s 35 amd 2009 No. 19 s 73 (sec.112-ssec.1) This section applies if there was a prescribed period during the year for— the employer; or if the employer was a member of a group during the year—the group. (sec.112-ssec.2) For working out the employer’s annual liability for the transitional year— taxable wages paid or payable by the employer for the prescribed period are not included in the employer’s annual wages for the year; and payroll tax paid or payable by the employer for the prescribed period is not included in the employer’s periodic liability for periodic returns during the year; and the employer’s annual deduction must be worked out without having regard to the days in the prescribed period. (sec.112-ssec.3) This section applies subject to sections 113, 114, 118 and 119. - (a) the employer; or - (b) if the employer was a member of a group during the year—the group. - (a) taxable wages paid or payable by the employer for the prescribed period are not included in the employer’s annual wages for the year; and - (b) payroll tax paid or payable by the employer for the prescribed period is not included in the employer’s periodic liability for periodic returns during the year; and - (c) the employer’s annual deduction must be worked out without having regard to the days in the prescribed period.