UNEMPLOYMENT

Nelson Evening Mail, Volume LXVI, 10 November 1934, Page 7

UNEMPLOYMENT

THE TAXATION AMENDMENTS AN OFFICIAL SUMMARY; The main provisions of the Unemployment Amendment Act, 1934, as far as they affect taxation aro detailed here-, under:— Wages Tax: All persons under the age of twenty years are exempt from, wages tax. This exemption applied to salary or wages received for services rendered. on or after the 12th instant. Emergency Unemployment Charge Unless specially stated to the contrary, all the following provisions- apply •• to the instalments on income for the year ended 31st- March, 1935, or any year thereafter.

TEMPORARY EXEMPTIONS vl (a) All persons who on the due date of payment of anv instalment have attained the age of sixty years (in the' case of women) or the age of sixty-five years( in the case of men) and whose income from all sources during the year for which the income was derived did not in any case exceed £lO4 are exempt from that instalment.

(b) All persons who, oil or before the due date for payment of any instalment, satisfy the Board, that by reason of any permanent disability (physical or mental) they are unable to follow any • regular employment, and that their , income from alt sources during the year for which the income was derived, did ~ not exceed £lO4, are exempt from ■ that ■ • instalment. Exemption forms will be made available at an early date. . . u - It will he observed that the maximum income of £lO4 applies to the year, in y, which the income is earned,. jiot the year in which the exemption is claimed,. Thus a male person who is not less/; than sixty-five years of age on Ist May, 1935, and whose income for the year ; ended 31st March, 1935, did not .exceed, ,7 £IO A may claim exemption from all instalments due on that income. ; ..... A person who claims exemption-/ in j respect of one instalment will not- need' to claim exemption again until the declaration of income for the following year is due. For example, the exemption claimed in May, 1935, will cover the May, August, November, 1935 and February, 1936, instalments, hut exemption will need to be claimed again in May, 1936, if income for the year ended 31st March, 1935, does not exceed £lO4. Women: The exemption to women is increased from £2O to £SO. • - - A woman who on ilie due date for payment of any instalment has not attained the age ot twenty years is exempt from that,instalment. A woman, who on the due date for payment of anv instalment was in re- •> eeipt of a pension under the War Pensions Act, 1915, in respect of her total - * disablement or was in receipt of a pen- > sion under tile Pensions Act, 1926, is exempt from that instalment., Natives :• Native women are made - liable for the emergency unemployment;: charge to the same extent as other 4 women. ' . • L.Y.

Every native male person who >, lias attained the age of twenty years. is liable for the emergency charge on in-,, come whether or not he has. elected,-to, become liable for the general unemployment levy. ...... DATE DUES FOR PAYMENT MAY

BE EXTENDED The power to fix a new due. date for payment without penalty is extended. This applies mainly to cases where a taxpayer furnishes an incorrect declaration and additional income nas to he declared, and applies only where the Board is satisfied that there has been no wilful, neglect or default i n the part of the taxpayer or his agent. _ Where a. taxpayer is required to declare additional income, or having furnished a nil declaration is subsequently required to declare income, and there, is no indication that there was any attempt to evade' the payment of tax, when the original declaration was furnished. Payment oi the additionil charge without penalty may be accepted if the amended declaration is furnished and the charge thereon is paid within one month of the date on which the- taxpayer is advised that the amended declaration is required. This applies to amended declaration for any year. It must be clearly understood that this gives no extension of time for payinent of ordinary instalments, and if a. person does not pay within one month after du e date, no power to extend the date of payment is granted, though the power previously allowed to the Board to grant postponement of the due date, still exists., !*•> Default Assessments: Wnera a person fails to furnish a declaration or furnishes a declaration which is not -considered satisfactory, power is given to make an assessment on such amount as it .s thought the charge should he paid on, and the taxpayer is liable to P?y the amount so assessed unless he satisfies the Board that the assessment is excessive.