As part of this year’s Budget the “income-under-$9,880 tax credit” was repealed effective from 1 April 2012. Employees currently using the “ML” or “ML SL” tax codes may end up with tax to pay if they request or receive a Personal Tax Summary (PTS) or file an IR3 return. From 1 April 2013 these tax … Continue reading Removal of “ML” and “ML SL” tax codes