531Z Penalties

(1) Provision is made for a penalty of €3,000 where an employer fails to:

• deduct or remit the parking levy in accordance with section 531V(1),
• keep records in accordance with section 531X(1), or
• include the relevant information, as set out in paragraphs (a) and (b) of section 531Y(4), with the annual P35 form.

(2) A similar penalty of €3,000 is relevant where a person to whom section 531X(2) applies (i.e. a person who provides parking spaces to public sector employees but who does not pay the emoluments of those employees) fails to:

• keep records in accordance with paragraphs (a) and (b)(ii) of section 531X(2), or
• provide details to an employer in accordance with paragraph (b)(i) of that section i.e. in order that the employer can make appropriate levy deductions from the public sector employees involved.

(3) The provisions relating to proceedings for the recovery of penalties contained in subsections (3) and (4) of section 987 are applied to the recovery of penalties referred to in subsections (1) and (2) of this section.

Relevant Date: Finance Act 2019