Employers and people who are self-employed will on average pay 6.9 percent less for their ACC Work Account levy over the coming two years. This reduction comes after standard public consultation by the Government.
As a small business owner – ACC will automatically update your levy rate and you’ll receive an invoice later this year. To find out more about the actual rate you’ll pay visit:
Find out more about the actual rate you’ll pay (external link) — Accident Compensation Corporation
If you’re self-employed — ACC is changing the way you’re levied. In the future, the income from your tax return will be used to calculate your levy for the same year. ACC will begin talking to self-employed people about this in April 2019.
From an ACC perspective, being self-employed is different to being a small business owner. Self-employment means you’re the sole proprietor of a business, a member of a business partnership, or an independent contractor. Small business owners, on the other hand, have other people working for them and are responsible for the pay and ACC cover of employees while these people are at work.
ACC takes into account different criteria when working out how much you need to pay. These criteria include:
The new levies cover the financial years of 1 April 2019 to 31 March 2020, and 1 April 2020 to 31 March 2021.
ACC levy regulations are determined through public consultation. Consultation about the rate for the coming two-year period took place at the end of last year. Find out what was consulted on and read about the resulting decisions on the ACC website:
Shape your ACC (external link) — Accident Compensation Corporation
ACC has three different levies for people in business: Work levy, Earners’ levy, and Working Safer levy. Every person in business has to pay these levies. The Work Account levy helps to support people for injuries that happen at work, and it’s different for every business.
Find out more about the three different levies (external link) — Accident Compensation Corporation
For more information, get in touch with ACC’s business contact centre:
Employers — phone 0800 222 776 (Monday to Friday 7am – 7pm)
Self-employed — phone 0508 426 837