531K Repayments

Summary

This section makes provision for repayments that arise in relation to income levy.

Details

(1) Any underpayments of income levy due shall be paid to, and any repayments due will be issued by the Collector-General.

(2) Specific provision is made for repayments arising in circumstances where the exemptions in section 531B apply but where income levy has already been deducted. These include-

• Persons with income less than the exemption limit of €15,028,
• Persons who have full entitlement to medical card services, and
• Persons over the age of 65 years who have an income of less than €20,000.

(3) Subsection (3) provides for repayments arising to couples over 65 years, who, at the end of the year have a joint income less than twice the personal exemption of €20,000 (in section 531B) but one of whom may have suffered levy charges, provided the couple are dealt with under joint assessment.

Relevant Date: Finance Act 2019