sec.13ZEAveraging method—recalculation of relevant percentage

### sec.13ZE Averaging method—recalculation of relevant percentage This section applies to an employer who, under section 13Z (1) (b) , works out the number of exempt kilometres for a business vehicle using the averaging method. The employer must recalculate the relevant percentage for the business vehicle if— the commissioner gives the employer a written notice, before the start of a return period, directing the employer to recalculate the relevant percentage for the vehicle on the basis of an averaging period that falls wholly or partly during the return period; or the employer wishes to start using the averaging method for 1 or more other business vehicles used by the employee. See also section 13ZD (3) . Also, the employer must recalculate the relevant percentage for the business vehicle if the employer— has used a relevant percentage worked out on the basis of an averaging period for the vehicle for the succeeding 4 financial years after the financial year mentioned in section 13ZB (6) (a) ; and intends to continue using the averaging method to work out the number of exempt kilometres for the vehicle. If the employer recalculates the relevant percentage on the basis of a new averaging period, the new averaging period applies for the purposes of section 13ZB (5) and the employer must use the new relevant percentage for the return periods mentioned in section 13ZB (6) . In this section— recalculate the relevant percentage for a business vehicle means— record the details mentioned in section 13ZC (2) (a) to (e) in relation to a new averaging period for the vehicle; and work out a new relevant percentage for the vehicle using the details mentioned in paragraph (a) . s 13ZE ins 2008 No. 16 s 9 (sec.13ZE-ssec.1) This section applies to an employer who, under section 13Z (1) (b) , works out the number of exempt kilometres for a business vehicle using the averaging method. (sec.13ZE-ssec.2) The employer must recalculate the relevant percentage for the business vehicle if— the commissioner gives the employer a written notice, before the start of a return period, directing the employer to recalculate the relevant percentage for the vehicle on the basis of an averaging period that falls wholly or partly during the return period; or the employer wishes to start using the averaging method for 1 or more other business vehicles used by the employee. See also section 13ZD (3) . (sec.13ZE-ssec.3) Also, the employer must recalculate the relevant percentage for the business vehicle if the employer— has used a relevant percentage worked out on the basis of an averaging period for the vehicle for the succeeding 4 financial years after the financial year mentioned in section 13ZB (6) (a) ; and intends to continue using the averaging method to work out the number of exempt kilometres for the vehicle. If the employer recalculates the relevant percentage on the basis of a new averaging period, the new averaging period applies for the purposes of section 13ZB (5) and the employer must use the new relevant percentage for the return periods mentioned in section 13ZB (6) . (sec.13ZE-ssec.4) In this section— recalculate the relevant percentage for a business vehicle means— record the details mentioned in section 13ZC (2) (a) to (e) in relation to a new averaging period for the vehicle; and work out a new relevant percentage for the vehicle using the details mentioned in paragraph (a) . - (a) the commissioner gives the employer a written notice, before the start of a return period, directing the employer to recalculate the relevant percentage for the vehicle on the basis of an averaging period that falls wholly or partly during the return period; or - (b) the employer wishes to start using the averaging method for 1 or more other business vehicles used by the employee. Note— See also section 13ZD (3) . - (a) has used a relevant percentage worked out on the basis of an averaging period for the vehicle for the succeeding 4 financial years after the financial year mentioned in section 13ZB (6) (a) ; and - (b) intends to continue using the averaging method to work out the number of exempt kilometres for the vehicle. - (a) record the details mentioned in section 13ZC (2) (a) to (e) in relation to a new averaging period for the vehicle; and - (b) work out a new relevant percentage for the vehicle using the details mentioned in paragraph (a) .