Taxes Consolidation Act, 1997 (Number 39 of 1997)
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991A Payment of tax by direct debit.
Where, for a year of assessment (being the year of assessment 2000-2001 or a subsequent year of assessment)—
(a) an employer has been authorised by the Collector-General in accordance with [2]>Regulation 31A (inserted by the Income Tax (Employments) Regulations, 1989 (S.I. No. 58 of 1989)) of the Income Tax (Employments) Regulations, 1960 (S.I. No. 28 of 1960)<[2][2]>Regulation 29 of the Income Tax (Employments) (Consolidated) Regulations 2001 (S.I. No. 559 of 2001)<[2], to remit income tax for a period longer than an income tax month, and
(b) such authorisation is subject to the condition that the employer is required each month to pay an amount to the Collector-General by direct debit from the employer’s bank account,
then, the provisions of section 991 shall apply to any tax in respect of that year of assessment which is paid by the employer after the end of that year.
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991A. Payment of tax by direct debit
(1)The Collector-General may enter into an agreement with an employer to pay, by monthly direct debits, the tax due under this Chapter in respect of all the income tax months occurring in a year of assessment where?—
(a)the total monthly payments represent, based on the best estimate of the employer, the total amount of tax due under this Chapter in respect of those income tax months,
(b)each monthly payment is made prior to the due date in respect of the income tax month prior to the income tax month in which the payment is made, and
(c)the employer has complied with all other requirements of this Chapter.
(2)Subject to subsection (3), where an agreement referred to in subsection (1) is entered into, the balance of the amount of tax due in respect of the income tax months occurring in the year of assessment, after deducting all monthly payments made?—
(a)prior to the due date for the final income tax month in the year of assessment, and
(b)in respect of that year of assessment,
shall be due and payable by that due date.
(3)Where the total amount of monthly direct debits paid by the employer in respect of the income tax months occurring in the year of assessment is less than 90 per cent of the tax due in respect of those income tax months, the agreement referred to in subsection (1) shall be deemed not to have entered into effect.
(4)An agreement referred to in subsection (1) may be terminated by either the Collector-General or the employer and, where this occurs, the agreement shall be deemed not to have entered into effect.
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Substituted by FA02 sched6(3)(s). Shall be deemed to have come into force and take effect as on and from 1 January 2002.