SOCIAL SECURITY

Wairarapa Times-Age, 31 January 1941, Page 2

SOCIAL SECURITY

PAYMENT OF TAXATION. In this issue appears an intimation from the Commissioner of Taxes that an instalment of the Social Security charge and National Security tax on income other than salary or wages derived during the year ended March 31. 1940, falls due on February 1. and is subject to a late payment penalty of 10 per cent if not paid within one month from that date, In the case of taxpayers who have paid the Social Security charge in full, but who have not yet made any payment on account of National Security tax. attention is drawn io the liability in respect of the latter tax. The total National Security tax

oayable is an amount equal to threequarters of the Social Security charge. Persons who are in doubt as to their liability are advised to make inquiry at the nearest, money-order office as early as possible. A quarterly instalment (55.) of the [ Social Security registration fee pay- | able by male persons 20 years of age or [over also becomes due on February 1. 1941. Failure to pay any instalment of the fee renders a defaulter liable, on summary conviction, to a fine of £5. In addition, a penalty of Gd. per month automatically accrues if payment is not made within one month from the due date. Any employer who employs for more than seven days a person who is more than one month in arrear with an instalment of the Registration Fee. is liable, on summary conviction, to a fine of £2O. Employers may deduct the amount of any overdue registration fee from the wages payable to employ- , ee.s.