Section Sch4-7 — Injury Prevention, Rehabilitation, and Compensation Act 2001

7 An employer who makes a payment to a shareholder-employee must,— (a) within the time within which the employer is required to furnish a return of income under section 33 of the Tax Administration Act 1994 , deliver a statement of the total amount of shareholder-employee earnings paid or payable by the employer for the tax year to which the return relates; and (b) pay, by the date that income tax not previously due and payable is due and payable by the employer as specified in section RA 3 of the Income Tax Act 2007, the Residual Claims levy payable on such shareholder-employee earnings by virtue of section 193 or Part 11 calculated at the rate prescribed in regulations made under this Act, and the earner levy payable by virtue of section 219 calculated at the rates prescribed by regulations made under this Act. Clause 7(a) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” . Schedule 4 clause 7(b): amended, on 1 April 2008, by section ZA 2(1) of the Income Tax Act 2007 (2007 No 97). Clause 7(b) was amended by section 169(5) Taxation (Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Act 2003 (2003 No 5) by omitting the words “ or section MC 2 ” with application as from the 2002–03 income year. Clause 7(b) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ Income Tax Act 2004 ” for the words “ Income Tax Act 1994 ” .