SOCIAL SECURITY CHARGE
November Installment: The second instalment of the charge of 1/6 in the £ on income other than salary or wages derived during the year ended 31st March, 1956, falls due on 7th November, and must be paid on or before 7th December to avoid the 10% penalty for late payment. Companies and other corporate bodies are required to pay the full year’s charge within one month from 5th February, 1957. Wages Tax: Ail employers are notified that severe penalties are provided for failure to deduct and account for wages tax (1/6 in £) from all salaries, wages or other remuneration paid to permanent or casual employees, whether on a time, piecework or similar basis. 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 for inspection by any person authorised by the Regulations to inspect books or other documents.
F. G.
OBORN
Commissioner of Inland Revenue.
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https://paperspast.natlib.govt.nz/periodicals/NZLIST19561102.2.51
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New Zealand Listener, Volume 35, Issue 900, 2 November 1956, Page 26
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175SOCIAL SECURITY CHARGE New Zealand Listener, Volume 35, Issue 900, 2 November 1956, Page 26
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