P.A.Y.E. AS AID FOR STATISTICS

Press, Volume XCIX, Issue 29250, 7 July 1960, Page 8

P.A.Y.E. AS AID FOR STATISTICS

Totals Of Salaries And Wages The income tax P.A.Y.E. legislation which required employers each year to furnish the Inland Revenue Department a return of all salary and wages paid and the amount of tax deducted had become a valuable contribution to the compilation of final figures of national income, says the annual report of the Department of Statistics. For the first time there had become available industry-by-in-dustry totals of salary and wages paid, free from possibilities of duplication and omission. For the year ended March 31, 1959, there were 81,200 returns for individuals, partnerships and estates with total wage payments of £65 million. Companies, Government departments and other organisations paid wages of £ 483.9 - and there were 38.554 returns. The numbers of returns represent employment or accounting units and not the actual number of individuals or ■ companies. A company would make separate returns for each of the several districts in which it operated.