Page 8 Advertisements Column 3

Hauraki Plains Gazette, Volume 55, Issue 32707, 1 May 1946, Page 8

Public Notices. W AGES ■ T AX Use of Stamps Restricted. Receipts to be obtained for all Payments of £2 and over of Social Security 'Charges and National Security Tax on Wages or other Remuneration. In accordance with the provisions of the Social Security Contribution Regulations, 1939, Amendment No. 4, recently gazetted, all employers are hereby notified that as from May 1, 1946, wages-tax payments of £2 or over may not be denoted by means of social security stamps but must be paid in cash or by cheque and an official receipt obtained. For payments of under £2, social security stamps may still be used. The following obligations of employers in. this connection are published for general information :— 1. In all cases where the wages-tax payable is £2 or over, employers are required to complete form S.S.C.l69—“Certificate of Wages, etc., paid, and of Social ’Security Charge and National Security Tax deducted” — and present the form, signed by the employer, his agent, or a responsible employee, with payment of the wages-tax due, either at a money-order post office or at a branch office of the Land and Income Tax Department, when a receipt for the amount paid .will be issued. Form 5.5.C.169 is obtainable at all money-order offices or at any branch office of the Land and Income Tax Department. 2. Only one form 5.5.C.169 should be presented by each employer to cover the whole of the wages-tax payable in respect of all of his employees for the period covered iby the Certificate. If it is desired to keep separate records-nfor example, for office and outside staff, or for different departments 1 of a business—the wages-tax payable for each department should be summarized and one form S.S.C. 169 presented to cover the total wages-tax of all department. A copy of the summary should be retained by the employer and the receipt attached thereto, to enable easy identification of the payment with the various wages records. 3. Wages-tax is deductible at the time of payment or of crediting in account, whichever is earlier, from the remuneration of all persons 16 years of age or over must be acounted for within three days of deduction from employees’ wages, unless the period has been extended by special arrangement with the Commissioner of Taxes. (Substantial penalties are provided by the Social (Security Act, 1938, for failure properly to deduct or account for wagestax) . 4. In addition to salaries, such payments as Christmas or other bonuses, directors fees, commissions, contract wages, value of lodgings, keep or meals supplied, free house or quarters, or other benefits in kind, etc., are subject to deduction of tax. 5. Wages records must be retained and be available for inspection for a period of at least five years.—F. G. OBORN, Commissioner of Taxes.

PAYMENT OF INCOME TAX IN advance Income tax on income derived during the year ended 31st March, 1946, will be due for payment early in February, 1947. Taxpayers may ■ pay tax in advance in one sum or by instalments of £ or multiples' thereof at any money-order post office or at any branch of the Land and Income Tax Department. Interest is allowed at 14 per cent, per annum for each complete month from the date of payment to the following 6th February. A receipt showing the taxpayer’s full name and address should be obtained for each instalment. The total paid in advance, including interest thereon, will be shown as a credit by the Department on the demand for payment.—F. G. OB'ORN, Commissioner of Taxes.

ALLBOARD —. Ample supplies Pinex available,, all sizes. Pinex Plane, Bevelling Tool and Cutter available on small hireage fee to purcasers Pinex at Primes.