SOCIAL SECURITY CHARGE.
In this issue appears an intimation from the Commissioner of Taxes that an instalment of the social security charge and national security tax on income other than salary or wages derived during the year ended March 31, 1940, falls due on February 1, and is subject to a late payment penalty of 10 per cent, if not paid within one month from that date. In the case of taxpayers who have paid social security charge in full, but who have not yet made any payment, on account of national security tax, attention is drawn to the liability in respect of the latter tax. The total national security tax payable is an amount equal to three-quarters of the social security charge. Persons who are in :doubt as to their liability are advised to make inquiry at the nearest money-order office as early as possible during that month. A quarterly instalment (ss) of the social security registration fee payable by male persons twenty years of age or over also becomes due on February 1. ' Failure to pay any instalment of the fee renders a defaulter liable, on summary conviction, to a fine of £5. In addition, a penalty of sixpence per month automatically accrues if payment is not made within one month from the due date. Any employer who employs for more than seven days a person who is more than one month in arrear with an instalment of the registration fee is liable, on summary conviction, to a fine of £20. Employers may deduct the amount of any overdue registration fee from the wages payable to employees.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19410131.2.109
Bibliographic details
Evening Post, Volume CXXXI, Issue 26, 31 January 1941, Page 10
Word Count
269SOCIAL SECURITY CHARGE. Evening Post, Volume CXXXI, Issue 26, 31 January 1941, Page 10
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.