UNEMPLOYMENT TAX

Taranaki Daily News, 13 November 1934, Page 11

UNEMPLOYMENT TAX

CASES OF OVER-PAYMENT. METHOD OF ADJUSTMENT. Many taxpayers who were liable for comparatively small amounts under the emergency unemployment charge on income other than wages elected to pay the whole four instalments in advance last May. As this tax has been reduced by one-sixth for the second half of the year they are wondering how a refund is to be secured for the amount overpaid. Inquiries at the post office show that in these cases credit is being arranged from the General Post Office at Wellington. Credit notes for the amounts overpaid will be issued to the taxpayers concerned in time to enable the necessary adjustment to be made when the main 1935 payment comes to be made next May. There is no necessity to furnish a special application for this adjustment as it will be made automatically, but in special circumstances, as, for instance, where a man will not be liable for this tax next year, individual application for a cash refund must be made direct to the Income Tax Department at Wellington.

In cases where payments of the tex are being made quarterly the reduction of 2d in the shilling takes effect on this month’s instalment.