Salient. An Organ of Student Opinion at Victoria University, Wellington N.Z. Vol. 22, No. 1. March 2, 1959

[Introduction]

The following is taken from a letter to the New Zealand University Students Association from the deputy Commissioner of Inland Revenue, Mr J. E. Curran, explaining the procedure to be adopted by full-time students who wish to recover any overpayment of Paye taxation.

It should be noted that normally a taxpayer cannot have his income assessed on annual basis but must have deductions made at the time the income is earned.

For example:

For a person earning £20 a week, the Paye deduction on the £20 is assessed as if the taxpayer works the full year and earns £1040.

The department has agreed to give a full-time student a concession, meaning that should he earn £20 a week for 15 weeks he will be assessed on an annual income of £300 and not on the basis that total earnings would amount to £1040.