1.New rates for 2013/14 have been decided. Whilst the average work rates were decided to stay the same for new levy year, you will find that there are still fluctuations within individual classification units. Some have gone up and others have gone down. You can view the rates on the front page of the acc website www.acc.co.nz and click the 'levy rates for 2013/14 now available" topic...It is at the bottom of the front page on the left. It gives comparisons against the current year. Also the calculators show the new rates on our website. Please don't be confused by the terminology 'indicative rates' on the calculators, these will be the rates for the 2013/14 after 1 April 2013. .
2.Invoicing error: It's been identified that clients with CoverPlus (CP) and CoverPlus Extra (CPX) in the same tax year may not have been invoiced correctly, It is may be that we have used incorrect liable earnings or just did not sent out a reassessment for the 2013 year..ACC is fixing these, and the fix date is for mid February 2013. It is possible to request for a hold on the affected invoices, as you may find the reassessments come out close to due dates. You can contact ACC to request a hold.
3.New Levy Minimum and Maximums for the new financial year are
Self Employed Max $113,167
Self Employed Minimum is $28,080
Employers & Shareholders and Earners account $116,089
CPX maximum will be $92871
CPX minimum will be $22464