959AM Interpretation and miscellaneous (Chapter 7)

Summary

This section contains definitions and interpretation for the purposes of Chapter 7.

Details

This sub-section contains definitions of some of the key terms in relation to chargeable persons’ tax payment obligations under this Chapter.

Where a company’s accounting period is short, and the final preliminary tax payment would be due on or before the date of the initial preliminary tax payment, then that accounting period is not a ‘relevant accounting period’ for the purposes of this Chapter.

A company will be a ‘small company’ for the purposes of this Chapter if the corporation tax for the preceding period is less than the relevant limit (€200,000 in 12 months).

The provisions of this Chapter are subject to section 579(4)(b) (in relation to nonresidents) and section 981 (in relation to payments by instalments).

Relevant Date: Finance Act 2019