Section RD 1 — Income Tax Act 2007: What this subpart does

RD 1 What this subpart does This subpart establishes and measures an employer’s liability under— (a) the PAYE rules by— (i) listing the types of payments to which the rules apply: (ii) calculating the amounts of tax that must be withheld and paid to the Commissioner under the rules: (iii) providing for certain adjustments to the amounts: (iv) providing some rules related to the payment of the amounts: (b) the FBT rules by— (i) calculating the value of the benefit provided: (ii) attributing certain fringe benefits to employees: (iii) setting out the taxable value of certain fringe benefits: (iv) providing options for the payment of FBT to the Commissioner: (c) the ESCT rules and RSCT rules by setting out the payments to which the rules apply and calculating the amounts of tax that must be withheld and paid to the Commissioner under the rules. Defined in this Act: amount of tax , Commissioner , employee , employer , ESCT rules , FBT , FBT rules , fringe benefit , fringe benefit tax , pay , PAYE rules , RSCT rules Section RD 1(c): amended, on 1 April 2008, by section 538 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section RD 1 list of defined terms RSCT rules : inserted (with effect on 1 April 2008), on 29 August 2011 (applying for the 2008–09 and later income years), by section 140(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).