|
|
Amendment of section 991B of Principal Act (Covid-19: special warehousing and interest provisions)
|
| |
66. Section 991B of the Principal Act is amended—
|
| |
(a) by substituting the following for subsection (8):
|
| |
“(8) Where—
|
| |
(a) this section applies to an employer,
|
| |
(b) the employer complies with the employer’s obligations under the Acts,
|
| |
(c) the employer has, prior to Period 3, entered into an agreement with the Collector-General to pay the employer’s Covid-19 liabilities, together with interest under this subsection, and
|
| |
(d) the employer complies with the obligations of the employer under the agreement referred to in paragraph (c),
|
| |
from the first day of Period 3, simple interest shall be paid by the employer to the Revenue Commissioners on any amount of the Covid-19 liabilities remaining unpaid and such interest shall be calculated from that day until payment of the amount for any day or part of a day during which that amount remains unpaid, at a rate of 0.0082 per cent.”,
|
| |
(b) by deleting subsection (9),
|
| |
(c) by substituting the following for subsection (10):
|
| |
“(10) Where an employer—
|
| |
(a) during Period 1 or Period 2, fails to comply with an obligation referred to in subsection (7)(b),
|
| |
(b) on the first day of Period 3, has not entered into an agreement referred to in subsection (8)(c), or
|
| |
(c) during Period 3, fails to comply with an obligation referred to in subsection (8)(b) or (d),
|
| |
simple interest shall be paid by the employer to the Revenue Commissioners on any amount of the Covid-19 liabilities remaining unpaid on—
|
| |
(i) in a case in which paragraph (a) or (c) applies, the date on which the event resulting in failure to comply with the obligation concerned occurred, and
|
| |
(ii) in a case in which paragraph (b) applies, the first day of Period 3,
|
| |
and such interest shall be calculated from that day until payment of the amount for any day or part of a day during which that amount remains unpaid, at a rate of 0.0274 per cent.”,
|
| |
and
|
| |
(d) by deleting subsection (11).
|