H—9a
1950 NE W ZEAL A N D
LAND AND INCOME TAX DEPARTMENT REPORT OF THE COMMISSIONER OF TAXES UPON THE ADMINISTRATION OF PART IV OF THE SOCIAL SECURITY ACT, 1938, FOR THE TWELVE MONTHS ENDED 31st MARCH, 1950
Presented to Both Houses of the General Assembly Pursuant to the Provisions of the Social Security Act, 1938
REPORT
I have the honour to present herewith a report upon operations carried out by the Land and Income Tax Department during the financial year ended 31st March, 1950, in the administration of the provisions of Part IV of the Social Security Act, 1938, relating to the assessment, collection, and recovery of the Social Security Contribution, consisting of a charge of Is. 6d. in the pound on salaries and wages and also on other income. The change in the method of payment of the charge on income other than salary or wages, introduced by section 24 of the Finance Act (No. 2), 1948, from four quarterly instalments to two equal instalments payable in July and November, has proved to be of material assistance to both the Department and taxpayers generally. The decentralization of the Department was completed during the year when the last branch office was opened at Hamilton. The Post and Telegraph Department continued its valuable assistance as agent in the collection of the social security charge.
H—9a
The result of the Department's operations during the year is shown by statements (a) and (b) hereunder : (a) Statement op Receipts pop the Year Ended 31st March, 1950 £ Charge on salary and wages .. .. .. 18,766,779 Charge on income other than salary or wages . . 12,935,790 £31,702,569 The receipts for the previous year ended 31st March, 1949, were- £ Charge on salary and wages .. .. .. 16,744,529 Charge on income other than salary or wages .. 12,633,855 £29,378,384 (b) Statement op Exemptions Granted prom Payment op Social Security Charge on the Grounds op Hardship Number of exemptions granted in whole or in part .. .. 478 Amount of social security charge and national security tax for past years remitted .. .. .. ~ .. .. £12,039 10s. 4d. F. G. Oborn, Commissioner of Taxes.
Approximate Cost of Paper.—Preparation, not given ; printing (614 copie.) £8
By Authority: B. E. Owen, Government Printer, Wellington.---1950.
Price 3d.)
2
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Bibliographic details
LAND AND INCOME TAX DEPARTMENT REPORT OF THE COMMISSIONER OF TAXES UPON THE ADMINISTRATION OF PART IV OF THE SOCIAL SECURITY ACT, 1938, FOR THE TWELVE MONTHS ENDED 31st MARCH, 1950, Appendix to the Journals of the House of Representatives, 1950 Session I, H-09a
Word Count
366LAND AND INCOME TAX DEPARTMENT REPORT OF THE COMMISSIONER OF TAXES UPON THE ADMINISTRATION OF PART IV OF THE SOCIAL SECURITY ACT, 1938, FOR THE TWELVE MONTHS ENDED 31st MARCH, 1950 Appendix to the Journals of the House of Representatives, 1950 Session I, H-09a
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