Tax Facts - ACC Premiums

Invoicing by ACC takes place in July and is based on employee earnings for the year ended 31 March.

Your ACC Premium consists of:

• ACC Work Account Levy - your classification unit rate x each $100 of liable earnings.
• Working Safer Levy - 0.8 cents.
  

The Classification Unit Rate is based on the actual cost of work-related injuries that occur within your classification unit.  A classification unit is a group of businesses that operate within a similar industry.

The IRD provide ACC with relevant earnings data from employer monthly schedules.  From this information, ACC calculates the total levies due.

For more information on ACC premiums just give us a call or visit the ACC website.