Link Report

The Revenue Commissioners, in exercise of the powers conferred on them under sections 985A and 986 of the Taxes Consolidation Act 1997 (No. 39 of 1997), hereby make the following Regulations:

(n) the amount of notional payment included in the emoluments, but excluding amounts referred to in section 985A(1A) of the Act,

(o) the amount referred to in section 985A(1A) of the Act included in the emoluments,

(2) Where, by reason of an insufficiency of payments of emoluments actually made to or on behalf of an employee, an employer is liable to remit under section 985A(4) of the Act an amount of income tax which the employer was unable to deduct from such payments, the employer shall be liable to remit that amount of tax to the Revenue Commissioners as if the amount to be remitted had been deducted in accordance with this Regulation.

Where tax in respect of a notional payment is remitted by an employer in accordance with subsection (4) of section 985A of the Act and subsection (5) of that section applies, the notional payment in respect of the emolument referred to in that subsection (5) shall be treated as if it were made on 28 February in the year of assessment in which that emolument is treated as arising.

(b) an employer shall deduct tax in accordance with these Regulations, or remit tax under section 985A(4) of the Act, by reference to the part of the notional payment for the year apportioned to each week, where an employee is paid weekly, or month, where the employee is paid monthly, in the period of benefit.

“notional payment” has the meaning assigned to it by subsection (2) of section 985A of the Act;

(ii) tax which was not so deducted but which was remitted by the employer for that period under section 985A(4) of the Act in relation to notional payments,

(ii) tax remitted or to be remitted, or a requirement to remit tax, under section 985A(4) of the Act,

(1) Upon request made to him or her at any premises of an employer by an authorised officer, the employer, his or her representative or a person employed by the employer at the premises, shall produce to the authorised officer for inspection all wages sheets, revenue payroll notifications, other documents and records whatsoever relating to the calculation or payment of the emoluments, including notional payments, of employees of the employer or the deduction of tax from, or the remittance of tax under section 985A(4) of the Act in respect of, such emoluments as may be in that person's powers, possession or procurement.

“emoluments” means emoluments to which section 985A applies;

(1) (a) In this section “emoluments” means emoluments to which section 985A applies.

B is any amount which, if a notice under section 985G(7) was not issued, would have been an amount due at the relevant date in respect of sums that were not so deducted but which the employer was liable, in accordance with section 985A and any regulations under that section, to remit to the Collector-General in respect of notional payments made by the employer during the relevant period,

B is all sums that were not so deducted but which an employer was liable, in accordance with section 985A and regulations under that section, to remit to the Collector-General in respect of notional payments made by the employer during the relevant period,

(5) Where, by virtue of section 985A, an employer is treated for the purposes of this Chapter and regulations made under this Chapter as making a payment of any amount to an employee, this section shall have effect—