TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Income tax exemption for payments made under employment law

Certain payments made under employment law, generally in relation to breaches of employee rights are exempt from income tax under section 192A of the Taxes Consolidation Act 1997. This section was updated by Finance Act 2015 to include the Workplace Relations Commission as a ‘relevant authority’ that can award such payments following the enactment of the Workplace relations Act 2015.

Revenue’s Tax and Duty Manual is updated to incorporate this change.