Finance Act 2007
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Amendment of section 126 (tax treatment of certain benefits payable under Social Welfare Acts) of Principal Act. |
10.— Section 126 of the Principal Act is amended— | |
(a) by substituting the following for subsection (1): | ||
“(1) In this section ‘the Acts’ means the Social Welfare Acts.”, | ||
(b) in subsection (3)— | ||
(i) in paragraph (b) by substituting “section 2(3) of the Social Welfare Consolidation Act 2005 ” for “section 2(3)(a) of the Social Welfare (Consolidation) Act, 1993 ”, | ||
(ii) by inserting the following after paragraph (b): | ||
“(c) (i) In this paragraph ‘ short-time employment ’ has the same meaning as it has for the purposes of the Acts. | ||
(ii) Notwithstanding paragraphs (a) and (b) and the Finance Act 1992 (Commencement of Section 15) (Unemployment Benefit and Pay-Related Benefit) Order 1994 ( S.I. No. 19 of 1994 ), paragraph (b) shall not apply in relation to unemployment benefit paid or payable, to a person employed in short-time employment.”, | ||
and | ||
(c) by deleting subsection (8). |