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Statement 5: Revenue

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Appendix A: Changes in revenue estimates since MYEFO

Table A1: Reconciliation of 2000-01 revenue estimates

Table A1:  Reconciliation of 2000-01 revenue estimates

(a) Includes revenue from the Medicare levy.

(b) Part of the change since the Mid-Year Economic Fiscal Outlook (MYEFO) is due to a reallocation of $295 million from gross other individuals revenue to Pay As You Go (PAYG) withholding revenue, due to a reassessment of the distribution of revenue from the former prescribed payments system (PPS) scheme. Accordingly, for 2000-01, the MYEFO estimates of PAYG withholding revenue should be increased by $295 million, with a corresponding decrease in gross other individuals revenue, to be on a comparable basis to the current Budget estimates.

Table A2: Reconciliation of 2001-02 revenue estimates

Table A2:  Reconciliation of 2001-02 revenue estimates

(a) Adjusted since MYEFO to reflect a reallocation of revenue across company tax, gross other individuals, superannuation funds tax and individual refunds. However, the MYEFO estimate for total income tax has not changed.

(b) Includes revenue from the Medicare levy.

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