Finance Act, 1985

Chapter III

Income Tax, Corporation Tax and Capital Gains Tax

Amendment of section 550 (interest on overdue tax) of Income Tax Act, 1967.

12.Section 550 of the Income Tax Act, 1967 , shall have effect, and shall be deemed always to have had effect, as if in subsection (4) “and the provisions of section 4 of the Preferential Payments in Bankruptcy (Ireland) Act, 1889, and sections 98 and 285 of the Companies Act, 1963 ,” were inserted before “shall apply”.