(A) If as a result of investigation conducted by the Director of Finance a return is found to be incorrect, the Director of Finance is authorized to assess and collect any underpayment of license fee withheld at source or any underpayment of license owing by the license payer, with respect to earnings or net profits, or both. If no return has been filed and a license fee is bound to be owing, the fee actually owing may be assessed and collected with or without formality of obtaining a delinquent return from the employer or taxpayer.
(B) Should it be disclosed, either as a result of an investigation by the Director of Finance or through the medium of the filing of a claim or petition for refund or credit, that an overpayment has been made, the city will refund such overpayment.
(C) The employer will in every instance be required to pay the full license fee which should have been withheld, even though he or she may fail to withhold from the employee. If too much has been withheld, the excess shall be refunded by the employer to the employee. While the withholding agent (employer) will be expected to maintain complete records of such adjustments with the employees, and such adjustment made during any month will not need to be reflected in the withholding return disclosed by schedules or statements thereto attached; however, where adjustments are made between employer and employee, disclosure shall be made in a statement supporting the annual schedule or schedules filed pursuant to his or her chapter.
(Prior Code, § 110.47) (Ord. 220.23C, passed 6-11-2020)