A. The failure or omission of any employer to make the deduction required by § 549-204 hereof shall not relieve any employee from the payment of the tax or from complying with the requirements of this Part relating to the filing of declarations and returns.
B. If an employer makes a deduction of tax as required by this Part, the amount deducted shall constitute in the hands of such employer, a trust fund held for the account of the City as beneficial owner thereof and the employee from whose salaries, wages, commissions or other compensation such tax was deducted shall be deemed to have paid such tax.