SOCIAL SECURITY CHARGE
November Instalment: The second instalment of the charge of l/6d in the £ on income other than salary or wages derived during the year ended 31st March, 1949, falls due on Ist November and must be paid within one month to avoid the 10 per cent penalty for late payment. Companies and other corporate bodies are required to pay the full year’s charge within one month from 2nd February, 1950. Wages Tax: All employers are notified that severe penalties are provided for failure to deduct an£L account for wages tax (l/6d in £) from all salaries, wages or other, w remuneration paid to permanent or casual employees, whether on a time, piece-work or contract basis. Employers are reminded that, pay sheets, wages books, and receipts for wages, salaries or other classes of income subject to deduction of the charge at the source, must - be retained for a period of not.,; less than 5 years and made available'.-f or inspection by any person authorised v;; by the Regulations to inspect : boo&s Ay or other documents. R. G. Commissioner of Taxes. 296
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Bay of Plenty Beacon, Volume 14, Issue 56, 28 October 1949, Page 5
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181SOCIAL SECURITY CHARGE Bay of Plenty Beacon, Volume 14, Issue 56, 28 October 1949, Page 5
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