Wine Equalisation Tax Ruling

WETR 2009/2ER1 - Erratum

Wine equalisation tax: operation of the producer rebate for other than New Zealand participants

• Please note that the PDF version
  View the consolidated version for this notice.

Erratum

This Erratum is a public ruling for the purposes of the Taxation Administration Act 1953. It corrects the calculations within Examples 7 and 8 of Wine Equalisation Tax Ruling WETR 2009/2.

WETR 2009/2 is corrected as follows:

1. Paragraph 65O

Omit the equation; substitute:

29% x ($220/1.1) = $58

2. Paragraph 65Q

Omit the first equation; substitute:

29% x ($110/1.1) - (30/200 x $58)

3. Paragraph 65W

Omit the equation; substitute:

29% x ($4,400/1.1) = $1,160

4. Paragraph 65X

Omit the equation; substitute:

29% x ($6,600/1.1) - $1,160 = $580

5. Paragraph 65AA

Omit the second equation; substitute:

5,109.23 x (4,000/12,000) = $1,703.07

6. Paragraph 65AB

Omit the equation; substitute:

29% x (17,600/1.1) - 1,703.07 = $2,936.93

This Erratum applies on and from 19 March 2014.

Commissioner of Taxation
3 February 2016

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

References

ATO references:
NO 1-6Z6CKLW