Guidance on Point of Consumption Tax Calculation Methodology

The audits identified variances in how industry is currently calculating Net NSW Wagering Revenue (NNWR).

To address this, L&GNSW has developed guidance material to assist industry on the appropriate methodology for calculating NNWR under section 13A(1)(c)-(e) of the Act.

Please see the Wagering regulation: ​​Calculating Point of Consumption Tax​ in NSW guidance information. 

What does this mean for you?

All BSPs are strongly encouraged to review their current approach to ensure compliance.

If any variance is observed, BSPs should:

• review historical returns and determine accuracy
• if necessary, amend historical returns, and make a voluntary disclosure to Revenue NSW
• make necessary updates and changes to processes, documents and systems to provide for these changes for any current or future PoCT calculations and payments.

If your PoCT calculation is found to be incorrect, it could lead to a tax default. Under the Taxation Administration Act 1996, tax defaults may attract interest and penalty tax. More information on interest and penalty tax is available on the Revenue NSW website.

Further assistance

If you have any questions about the guidance or audit campaign, please contact onlineaudit.revenue@liquorandgaming.nsw.gov.au