Payroll Tax Relief Information Due On Jan 31
Over 400 payroll tax relief applicants have pending applications because employers have not verified their employment and salary and over 150 applicants need to submit further information, so the deadline has been extended until January 31, 2023.
Premier and Minister of Finance David Burt said, “Over 400 payroll tax relief applicants have pending applications because employers have not verified their employment and salary.
“Additionally, over 150 applicants need to submit further information to receive their payment. To assist employers and applicants, the deadline has been extended for the receipt of additional information to January 31, 2023.
“The Government reduced the administrative burden on employers to ensure that the process was as smooth as possible. However, once submitted, the employer has a critical role in confirming their employees’ information.”
A Government spokesperson said, “This extension is for existing pending applications and does not allow for new applicants.
“As a reminder, the payroll tax relief is available to employed persons making less than $96,000, who submitted applications by December 15 2022. Applicants must submit any outstanding information by January 31, per the Public Treasury [Administration and Payments] [Salary Based Benefit] Regulations 2022.
“Employers who have been contacted must confirm their employee for former employee’s status by January 31. Employers are obligated to confirm that an applicant worked for them during the eligible period and that their salary makes them eligible for the benefit. Employers, if your employee worked for you during this period, you must confirm their employment and salary band.”
Premier Burt concluded, “We have contacted employers and will be following up with affected employees. The Government has extended the deadline so employers and applicants can finalise existing applications. As a matter of urgency, employers, please follow up to avoid any further delays in your employees receiving their benefit.”
For enquiries about this salary-based benefit, please email economicrelief@gov.bm.
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