Section Sch50-“ 24B — Income Tax Act 2007: PAYE tax codes

“ 24B PAYE tax codes “ (1) This section applies for the purposes of the PAYE rules to provide an employee with a tax code for a PAYE income payment. Subsection (2) overrides this subsection. “ (2) Subsection (1) does not apply to the following amounts: “ (a) an extra pay: “ (b) a schedular payment: “ (c) a payment of an income-tested benefit. “ (3) An employee must notify their employer that their tax code is 1 of the following: “ (a) ‘ M ’ for primary employment earnings when the employee is not entitled to a tax credit under section LC 4 of the Income Tax Act 2007: “ (b) ‘ ML ’ for primary employment earnings when the employee is entitled to a tax credit under section LC 4 of the Income Tax Act 2007: “ (c) ‘ S ’ for secondary employment earnings for an employee whose annual income is not more than $38,000: “ (d) ‘ SH ’ for secondary employment earnings for an employee whose annual income is more than $38,000 but is not more than $60,000: “ (e) ‘ ST ’ for secondary employment earnings for an employee whose annual income is more than $60,000: “ (f) ‘ CAE ’ for salary or wages for employment as a casual agricultural employee: “ (g) ‘ EDW ’ for salary or wages for employment as an election day worker: “ (h) ‘ no notification ’ when the employee has not provided their employer with a tax code notification or a tax code certificate. “ (4) If another Act requires an employer to withhold the amount of tax for a PAYE income payment to an employee and pay the amount to the Commissioner, the tax code may be combined with another code applying under that Act. “ Compare: 2004 No 35 s NC 8(1), (1AA)