Social Welfare (Miscellaneous Provisions) Act 2004
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Amendment to National Training Fund Act 2000. |
21.—The National Training Fund Act 2000 is amended in section 4 by inserting after subsection (13) (as inserted by section 21 of the Social Welfare (Miscellaneous Provisions) Act 2003 ) the following: | |
“(14) Where, for a year of assessment (within the meaning of the Tax Acts), the Revenue Commissioners and an employer enter into an agreement under a specified provision of the Taxes Consolidation Act 1997 whereby the employer will account to the Revenue Commissioners, in accordance with that provision, in respect of the income tax due on qualifying emoluments (within the meaning of that provision) and where that agreement is not null and void, then, in respect of those qualifying emoluments, the employer as part of that agreement, shall make a payment in respect of reckonable earnings equal to 0.7 per cent of the aggregate of the amount of those qualifying reckonable earnings and the amount of income tax payable under the agreement in respect of them. | ||
(15) In subsection (14) ‘specified provision’ means such provision as may be prescribed by regulations made by the Minister for the purposes of that subsection.”. |