Section Sch2-1 — Income Tax Act 2007: “ M ” , “ ME ” , and “ ML ” tax codes: payments for weekly pay periods

1 “ M ” , “ ME ” , and “ ML ” tax codes: payments for weekly pay periods The basic tax rate amount for a payment of salary or wages is set by applying the Commissioner’s weekly PAYE table to the amount, using the employee’s tax code, if— (a) the payment is for a weekly pay period (including the case of section RD 3 applying); and (b) the employee has notified their employer that the employee’s tax code is “ M ” , “ ME ” , or “ ML ” under section 24B(3) of the Tax Administration Act 1994. Schedule 2 part A clause 1 heading: amended, on 1 April 2009, by section 37(1) of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105). Schedule 2 part A clause 1(b): amended, on 1 April 2009, by section 37(2) of the Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105).