Finance Act, 1982

Chapter IV

Income Tax and Corporation Tax

Exemption of employment payments and grants.

18.—(1) A payment or grant to which this section applies shall be disregarded for all the purposes of the Tax Acts.

(2) This section applies to any payment or grant made, whether before or after the passing of this Act, being—

(a) a payment to an employer under the Employers' Employment Contribution Scheme in respect of a person employed by him, or

(b) an employment grant under section 2 of the Industrial Development (No. 2) Act, 1981 .