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Bay of Plenty Beacon, Volume 05, Issue 53, 15 May 1942, Page 1

PUBLIC NOTICE SOCIAL SECURITY CONTRIBUTION AND NATIONAL SECURITY | TAX INCREASE OF Gd IN THE £ ON SALARIES AND WAGES AND OTHER INCOME Under the Finance Act, 1942, the National Security Tax has been increased from 1/- to l/6di in the £ and the combined National and Social Security Charge thereby increased from 2/- to 2/6 din the £. The increased charge of 2/6' di first applies to income other than salary or wages derived during the year ended 31st March 1942, and, in the case of salaries and wages and also other classes of income ■ subject to deduction of the charge at the source, to amounts earned or derived in respect cf any period after the 10th May 1942. Charge on income other than salary or wages: May instalment. Taxpayers are reminded that the first quarterly instalment of the combined charge on income derived during the year ended 31st March, 1942, which fell due on the. Ist May, must be paid during the present month and at the rate of 2/6 in the £ instead of 2/- as hitherto. The charge is payable by:— (a) Alii persons aged 16 years or over ordinarily resident in New Zealand (including natives but excluding, persons receiving total disability war pensions in respect of service in the 1914-1919 War). (b) AIL companies:, other than those specifically exempted. (c) All trustees in respect of income derived by the estate or trust, whether or not the' beneficiaries are entitled to receive such income during the income year. Declarations of such income must be furnished during the present month on form S.S.C. 55 or, in the case of Trustees, on form S.S.C. 55A, and the May instalment of the charge paid in accordance. Avith the instructions thereon but computed on the basis of Id for every 8d or' part thereof (2/6 d in the £), instead of Id for every lOd or part, thereof (2/- in the £). If no income other than salary or wages was derived, a declaration marked "Nil 1 " must be furnished. Declaration forms S.S.C. 55 are obtainable at all Money Ordr er offices. Trustees may obtain forms S.S.C. 55A upon application direct to this office,. Persons who fail to furnish declarations as and when required are liable, on summary conviction, to a tine of £50. Amounts unpaid within one month of the due date inour 10 per cent penalty.

Social Security Registration Fee: An instalment of this fee, (5/-) became due on Ist May, 1942, by all persons aged 16 years or over ordinarily resident in New Zealand: who are not exempt. Exemption details and forms may he obtained at Money Order offices. Every person entitled to exemption (including those receiving age benefits under the Social Security Act but no other income) must complete the exemption application form and present it with his or her coupon-book at a Alone}"- Order office within seven days after the last day for payment of the instalment, otherwise payment may be demanded. Alii persons who are in receipt of Monetary Benefits under the Social Security Act, 1938, other than sickness and unemployment benefits, and all persons entitled to payments under the War Pensions Act, must produce their coupon-book when claiming the instalment payable in the month cf June. Full name and postal address must be entered on the relative coupon before payment of any instalment. An employer employing for more than seven days a person unregistered or in arrear with the Registration Fee is liable on summary conviction to a fine of £20. Deduction of charge from Salaries or Wages: Employers are reminded that they are required to deduct the combined Social Security and National Security charge at the increased rate of 2/6 d in the £ (Id for every 8d) from salaries or wages paid to employees, in respect of any period after the 10th May, 1942. including the value of benefits in kind, such as food, lodging or free house provided. J. M. PARK, Commissioner of Taxes. 115 WANTED KNOWN For that Battery fit an EXIDE ARMSTRONG'S GARAGE.