No Change In P.A.Y.E. Tables For Next Year

Press, Volume XCVI, Issue 28450, 3 December 1957, Page 14

No Change In P.A.Y.E. Tables For Next Year

(New Zealand Press Association) WELLINGTON, December 2. The new Labour Government will not alter the P.A.Y.E. income tax tables which were drawn up under the National Government for the calculation of tax on income earned as from April 1, 1958. The tables as now drawn up include the National Party proposal for a 25 per cent, rebate on income tax.

The Prime Minister to be, Mr Nash, said this evening that he did not propose to alter the tables so far as next year is concerned.

tables are not, however, permanent,’’ added Mr Nash. “I plan to work on the tables already prepared and published as a schedule to the P.A.Y.E. legislation for next year. This does not mean, however, that the tables will never be altered.”

•On the question of payment of income tax, Mr Nash said people should observe the law and follow their normal procedures. He himself usually paid his income tax at the end of the year, and would do so again this time after

seeing there was enough money in the bank to meet the cheque. “Under the law the tax is due and it should be paid,” said Mr Nash. “When the law is changed the money will be refunded. It may well be that people will receive back the ' cheques which they have sent in to pay the tax.” Mr Nash said the tax was due until the law was altered. The law would be altered as soon as practicable, and he hoped it would be possible to change the law before the date on which the tax is due, February 6. Under the present law the income tax payable according to the assessments now being sent out is due on February 6. If it is not paid by March 6, 1958, a 10 per cent, penalty is incurred. This penalty is reduced to 5 per cent, if the tax is paid by May 6.

Thieves Take £6 From House

Thieves boldly stole £6 in notes when they entered a Papanui house through an opened door while the occupant, Mrs E. D. Denniston, was quietly working in her garden a few feet away.

A few weeks ago a man was seen attempting to break into the house but was disturbed.

Mrs Denniston told detectives last night that she had heard nothing. Drawers and bedding were searched by the thieves. They even lifted pillows from beds to see if anything valuable was hidden beneath them.