{"id":1473,"date":"2018-10-16T13:04:02","date_gmt":"2018-10-16T00:04:02","guid":{"rendered":"https:\/\/ontrackbookkeeping.co.nz\/?p=1473"},"modified":"2021-01-19T22:47:02","modified_gmt":"2021-01-19T09:47:02","slug":"acc-refunds-do-you-qualify","status":"publish","type":"post","link":"https:\/\/ontrackbookkeeping.co.nz\/acc-refunds-do-you-qualify\/","title":{"rendered":"ACC Refunds: Do you qualify?"},"content":{"rendered":"<div class=\"commonheader\">\n<div class=\"commonheader-inner\">\n<div class=\"pure-g pure-g--gutter\">\n<div class=\"pure-u-1 pure-u-md-16-24\">About 300,000 business customers were charged incorrect ACC levies since 2002. Here&#8217;s how you can find out if you&#8217;re one of them.<br \/>\nIf you&#8217;re unsure, give our office a call on 09 435 5595 and we can investigate for you also.<br \/>\n<a href=\"https:\/\/ontrackbookkeeping.co.nz\/assets\/1539224405478.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-1474\" src=\"https:\/\/ontrackbookkeeping.co.nz\/assets\/1539224405478-300x169.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<h2 class=\"commonheader-title\">Are you owed a refund?<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"pure-g pure-g--gutter standardtext-item\">\n<div class=\"pure-u-1 pure-u-md-4-24 standardtext-item-left\"><\/div>\n<div class=\"pure-u-1 pure-u-md-16-24 standardtext-item-main typography \">If you were in your first year of self-employment between 2002 and 2017, or paid provisional ACC levies after ceasing trading, ACC may owe you a refund.<br \/>\nACC expects to refund around $100 million to approximately 300,000 business customers who were incorrectly charged levies during that time.<br \/>\nACC will refund:<\/p>\n<ul>\n<li>all first-year levies collected between 2002-2017 from self-employed customers who worked full-time (averaged over 30 hours per week over the financial year.) This affects around 106,000 customers and equates to approximately $36 million in levies.<\/li>\n<li>businesses who paid provisional invoices and weren\u2019t required to do so because they\u2019d subsequently ceased trading or had changed their business structure. This amounts to around $64 million.<\/li>\n<\/ul>\n<p>The average refund works out at about $340 (excluding GST) for first-year self-employed, and around $415 (excluding GST) for provisional payments. Customers will also receive an interest payment.<br \/>\nACC expects the refund process to be completed by 31 March 2019.<\/p>\n<\/div>\n<\/div>\n<div class=\"commonheader\">\n<div class=\"commonheader-inner\">\n<div class=\"pure-g pure-g--gutter\">\n<div class=\"pure-u-1 pure-u-md-4-24\"><\/div>\n<div class=\"pure-u-1 pure-u-md-16-24\">\n<h2 class=\"commonheader-title\">What you need to do<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"pure-g pure-g--gutter standardtext-item\">\n<div class=\"pure-u-1 pure-u-md-4-24 standardtext-item-left\"><\/div>\n<div class=\"pure-u-1 pure-u-md-16-24 standardtext-item-main typography \">If you think you might be eligible for a refund, ACC needs your current contact details.<br \/>\nEither visit acc.co.nz and fill in a web form with your contact details, or if you\u2019re already registered for MyACC for Business, use that channel to check your contact details are up-to-date.<br \/>\nACC will update their webpage as more details become available.<br \/>\n<a class=\"external\" href=\"https:\/\/www.acc.co.nz\/\" rel=\"external\">ACC website\u00a0<span class=\"nonvisual-indicator\">(external link)<\/span><\/a><\/div>\n<\/div>\n<div class=\"commonheader\">\n<div class=\"commonheader-inner\">\n<div class=\"pure-g pure-g--gutter\">\n<div class=\"pure-u-1 pure-u-md-4-24\"><\/div>\n<div class=\"pure-u-1 pure-u-md-16-24\">\n<h2 class=\"commonheader-title\">How did this happen?<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"pure-g pure-g--gutter standardtext-item\">\n<div class=\"pure-u-1 pure-u-md-4-24 standardtext-item-left\"><\/div>\n<div class=\"pure-u-1 pure-u-md-16-24 standardtext-item-main typography \">An update to ACC\u2019s billing and policy system identified these issues.<br \/>\nPreparations for a new levy system included a legal check on whether the new levy system would be compliant with regulations. ACC discovered the regulations from 2002 were drafted in a way that didn\u2019t allow for levying of first-year self-employed.<br \/>\nThey also uncovered the second issue with provisional invoices paid by businesses that had subsequently ceased trading or changed their business structure, but hadn\u2019t informed ACC.<br \/>\nACC suspended invoicing new self-employed customers for their first year when the issue was uncovered. No first-year invoices have been issued since March 2017, and this will continue until the regulations are updated.<br \/>\n\u201cI would like to apologise to customers who have been affected, our focus now is to make this right as soon as we can,\u201d says Phil Riley, ACC\u2019s Head of Business Customer Service Delivery.<\/div>\n<p>Source: <a href=\"https:\/\/www.business.govt.nz\/news\/acc-levy-refunds\/?utm_medium=email&amp;utm_campaign=October-2018-Businessgovtnz%20Newsletter-97-All%20Others&amp;utm_content=October-2018-Businessgovtnz%20Newsletter-97-All%20Others+CID_919306f6ebe73b2e68577f8cb21a49eb&amp;utm_source=Newsletter&amp;utm_term=Learn%20more\">Ministry of Business, Innovation and Employment<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>About 300,000 business customers were charged incorrect ACC levies since 2002. Here&#8217;s how you can find out if you&#8217;re one of them. If you&#8217;re unsure, give our office a call on 09 435 5595 and we can investigate for you also. Are you owed a refund? If you were in your first year of self-employment &hellip; <a href=\"https:\/\/ontrackbookkeeping.co.nz\/acc-refunds-do-you-qualify\/\">Continued<\/a><\/p>\n","protected":false},"author":12,"featured_media":7444,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ACC Refunds: Do you qualify? - Ontrack Bookkeeping Ltd<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACC Refunds: Do you qualify? - Ontrack Bookkeeping Ltd\" \/>\n<meta property=\"og:description\" content=\"About 300,000 business customers were charged incorrect ACC levies since 2002. 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