Employment Permits (Amendment) Act 2014
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PART 6 Miscellaneous | ||
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Amendment of Taxes Consolidation Act 1997 | ||
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37. The Taxes Consolidation Act 1997 is amended— | ||
(a) by inserting the following section after section 124: | ||
“Tax treatment of payments made pursuant to an order under section 2B of Employment Permits Act 2003 | ||
124A. (1) Payments made pursuant to an order under section 2B of the Employment Permits Act 2003 shall be regarded as— | ||
(a) profits or gains accruing from an office or employment (and accordingly tax under Schedule E shall be charged on those payments, and tax so chargeable shall be computed under section 112(1)), and | ||
(b) emoluments to which Chapter 4 of Part 42 applies.”, | ||
and | ||
(b) in section 192A, by inserting the following after subsection (5): | ||
“(5A) This section shall not apply to payments made pursuant to an order under section 2B of the Employment Permits Act 2003 .”. |