CO129-615-3 Income tax 24-2-1948 - 12-8-1948 — Page 29

Tax assessed

· 13 ·

Less Discharged by the setting

off of Property Tax paid $74,576.11

Refunded

Less Amount outstanding

at 31st March, 1948

Add Penalties for late payment

28

$12,417,166.00

37.043.80

111,619.91

$12,305,546.09

NET COLLECTION

1,596,846.70

$10,708,699.39

3.347.88

$10,712,047.27

This total includes collections in London amounting to

$336,655.80. Of the amount outstanding at 31st March, 1948

Demand Notes totalling $1,522,799.20 were not finally due for

payment until after that date and only 19 Demand Notes to the

amount of $746047.50 were actually in arrears.

Salaries and Annuities Tax:

340 The net collection of Salaries and Annuities Tax

during the year was $728,061.66, as under:

Tax assessed

Less Refunded

Less Amount outstanding

at 31st March, 1948

Add Penalties for late payment

NET COLLECTION

$918,538.79

716.48

$917,822.31

191.232.16

$726,590.15

1.471.51

$728,061.66

35. Of the amount outstanding at 31st March, 1948 Demand Notes totalling $189,206.31 were not finally due for payment until after that date and only 14 Demand Notes to the amount of $2,025.85 were actually in arrears.

Personal Assessment:

36. Of the tax assessed under Personal Assessment ($19,669.46) the sum of $14,345.16 was collected during the year, leaving $5,324.30 outstanding at 31st March, 1948. This latter sum was not finally due for payment until after

that date. There were no actual arrears.