NEW WAGES TAX

Waipukurau Press, Volume XXVIII, Issue 119, 14 May 1932, Page 8

NEW WAGES TAX

METHOD OF PAYMENT

IN THE CASE OF FIRMS

Tho new wage tax of one shilling in

the pound became operative since May 1 and, will be paid in the same manner as the present tax of threepence, which has boon a charge against the weekly pay envelope or monthly cheque since August 1 last.

In all big firms the amount of tax is deducted from employees’ wages and paid into tho Chief Post Office as one

amount with a covering declaration. In

assessing the amount of wages a separate cheque is drawn for the total tax payable. This is most satisfactory for both the firm and the employee. It absolves the employee from the obligation of worrying about calliry at the Bost Office and buying stamps ana Ft protects the employer whose liability it

is if he employs any worker who doos

not pay wage tax or levy. In smaller firms tho practice is to

purchase wage tax stamps to the value of £5 or £lO and affix them to the paybook. deducting the amount payable by the worker from his wages. Cheques drawn by large firms for payment of wage tax will bo four times as big, The quarter’s unemployment levy, Which will bo due at the same time as tho increased tax, will be paid by big firms in the same way as the tax.