531V Deduction of levy by employer.

(1) Where section 531T applies, an employer shall—

(a) deduct the amount of the parking levy, determined in accordance with section 531U, from the employee’s net emoluments for the period during which he or she has an entitlement to use a parking space and such deduction shall be made at a time and frequency which corresponds with the payment of the employee’s emoluments,

(b) be accountable for the amount of the parking levy deductible, and liable to pay that amount to the Revenue Commissioners as if it were an amount of income tax deductible in accordance with the PAYE Regulations, and

(c) remit to the Collector-General the total of all amounts of parking levy which the employer was liable to deduct from employees and such remittance shall be made at the same time and in the same manner as the employer is required under Regulation 28 or, as the case may be, under Regulation 29 of the PAYE Regulations to remit amounts of tax which the employer was liable to deduct from emoluments paid to employees.

(2) Where an amount of parking levy is, in accordance with this Part, deducted by an employer from the net emoluments of an employee—

(a) the employee shall allow such deduction on the receipt of the residue of the net emoluments, and

(b) the employer shall be acquitted and discharged of such amount as is represented by the deduction, as if the amount had actually been paid.