At the start of the 2017/18 financial year, the TAS Government announced new funding for eligible Tasmanian employers.
Effective 1 July 2017, Tasmanian employers who employ eligible apprentices, trainees and youth employees are now eligible for a payroll tax rebate via the Tasmanian Government’s Payroll Tax Rebate Scheme.
To receive the rebate, both the employee and employer must meet the following criteria.
Apprentices and trainees
An apprentice or trainee must be:
- an apprentice or trainee as defined under the Training and Workforce Development Act 2013; and
- employed or engaged on a Training Contract that meets the requirements of the Training and Workforce Development Act 2013; and
- employed or engaged on an eligible Training Contract between 1 July 2017 and 30 June 2019.
A youth employee must:
- be over 15 years of age and under 25 years of age at the date of employment; and
- be employed on a part-time or full-time basis;
- not be an apprentice or trainee; and
- not have been employed or engaged by the employer on 25 May 2017 or prior; and
- be employed or engaged by the employer between 1 July 2017 and 30 June 2019.
Eligible employers must:
- be registered for payroll tax
- have lodged their tax returns and paid their payroll tax by the due date to be eligible for a rebate for the same period.
How much will you get back?
Once approved, you will receive either:
- The total payroll tax paid in the relevant financial year; or
- The total payroll tax paid for eligible employee wages in the relevant financial year, whichever is less
The best bit?
When you sign up an apprentice or trainee, you may also be eligible for further Government financial incentives.