Payroll Tax Rates (Special Provisions) Act 2001
PAYROLL TAX RATES (SPECIAL PROVISIONS) ACT 2001
1989 Revision 1
BERMUDA
2001 : 32
PAYROLL TAX RATES (SPECIAL PROVISIONS) ACT 2001
[Date of Assent: 27 December 2001]
[Operative Date: 1 October 2001]
WHEREAS it is expedient to make special provisions for payroll
tax in respect of certain persons;
Be it enacted by The Queen's Most Excellent Majesty, by and
with the advice and consent of the Senate and the House of Assembly of
Bermuda, and by the authority of the same, as follows:
Citation
1 This Act may be cited as the Payroll Tax Rates (Special
Provisions) Act 2001.
Interpretation
2 In this Act "retail store" means any place used for the carrying
on of a business the primary purpose of which is the sale of goods by
retail to consumers.
Notional amendment of certain provisions
3 For the purposes of this Act
(a) section 10(1) of the Payroll Tax Act 1995 shall be read as
if there were inserted next after the words "at the rate"
the words "and for the period, if any"; and
(b) section 5 of the Payroll Tax Rates Act 1995 shall be read
as if
PAYROLL TAX RATES (SPECIAL PROVISIONS) ACT 2001
2 1989 Revision
(i) under the heading "Class A", paragraph (b) were
omitted;
(ii) under the heading "Class B", paragraph (f) were
omitted and the following inserted—
"(f) a self-employed person or an
employer carrying on business where
the total annual payroll is less than
$100,000 5.25%"
(iii) under the heading "Class BB" the words ", other
than an employer or a self-employed person
operating a retail store or a restaurant" were
inserted next after the word "employer";
and those sections are deemed to be amended accordingly.
Rates for employer operating retail store or restaurant
4 The rates prescribed for the purpose of section 10 of the Payroll
Tax Act 1995 in respect of an employer or a self-employed person who
operates a retail store or a restaurant are those specified hereunder, that
is to say
CLASS RATE
Employer or self-employed person operating a retail store or a
restaurant where the annual payroll is greater than $200,000
7.75%
Employer or self-employed person operating a retail store or a
restaurant where the annual payroll is not less than $100,000
and not more than $200,000:
on the first $100,000 of payroll 5.25%
on the amount of payroll exceeding $100,000 but not
exceeding $200,000
7.75%
Restricted relief for employer in arrears
5 Sections 3(a) and 4 do not apply where the payment of payroll
tax is in arrears in respect of more than two tax periods, and in such a
case the Payroll Tax Act 1995 and the Payroll Tax Rates Act 1995 shall
have effect as if this Act had not been enacted.
PAYROLL TAX RATES (SPECIAL PROVISIONS) ACT 2001
1989 Revision 3
Commencement and duration
6 This Act shall come into operation on such date, being a date not
later than 1 January 2002, as the Minister may by notice published in
the Gazette specify, and shall cease to have effect on 31 March 2002, or
such other date as the Minister may by notice published in the Gazette
specify.
