Finance Act, 1993
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Chapter II Income Levy | ||
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Application of section 16 (income levy) of Finance Act, 1983, for 1993-94. |
9.—(1) In this section “contribution year” means a year of assessment within the meaning of the Income Tax Acts. | |
(2) The provisions of section 16 (as amended by the Finance Act, 1984 ) of the Finance Act, 1983 , shall apply and have effect for the contribution year 1993-94, as they applied and had effect for the contribution year 1984-85, as if— | ||
(a) the following paragraph were substituted for paragraph (b) (inserted by the Finance Act, 1984 ) of subsection (2): | ||
“(b) the Youth Employment Levy Regulations, 1982 ( S.I. No. 84 of 1982 ), the Youth Employment Levy (Amendment) Regulations, 1983 ( S.I. No. 52 of 1983 ), the Youth Employment Levy (Amendment) Regulations, 1984 ( S.I. No. 75 of 1984 ), the Employment and Training Levy (Amendment) Regulations, 1988 ( S.I. No. 53 of 1988 ), and the Employment and Training Levy (Amendment) Regulations, 1989 ( S.I. No. 69 of 1989 ) (referred to in this subsection as ‘the Regulations’),”, | ||
(b) the following paragraph were inserted after paragraph (i) of subsection (2): | ||
“(ia) in section 16 of the Act, paragraphs (c) and (d) shall be deleted and the following paragraph shall be substituted for paragraph (a): | ||
‘(a) where in a contribution year a payment is made to or for the benefit of the employed contributor in respect of reckonable earnings of that employed contributor, levy shall be payable by the employed contributor at the rate of 1 per cent, of the amount of the reckonable earnings to which such payment relates: | ||
Provided that levy payable pursuant to this section shall not be payable by an employed contributor who, by virtue of section 45 of the Act of 1970, has full eligibility for services under Part IV of that Act,’.”, | ||
(c) in paragraph (v) (inserted by the Finance Act, 1984 ) of subsection (2), “the year 1993-94” were substituted for “the year 1983-84 or the year 1984-85”, | ||
(d) in the proviso (inserted by the Finance Act, 1984 ), “£173” and “£9,000” were substituted for “£96” and “£5,000”, respectively, and “1993-94” were substituted for “1984-85” in both places where it occurs, and | ||
(e) the following additional proviso were inserted after the proviso (inserted by the Finance Act, 1984 ): | ||
“Provided also that— | ||
(a) where an individual proves to the satisfaction of the Revenue Commissioners that his reckonable income for the contribution year 1993-94 did not exceed £9,000 any levy deducted from emoluments forming part of that reckonable income shall be repaid to that individual and for the purposes of such repayment the levy shall be deemed to be income tax: | ||
(b) where income levy is payable for the contribution year 1993-94 in respect of reckonable income other than emoluments, the provisions of section 18 (3) (b) (ii) of the Finance Act, 1988 (as applied for the purposes of income levy by virtue of Regulation 16 (inserted by the Employment and Training Levy (Amendment) Regulations, 1988) of the Youth Employment Levy Regulations, 1982), shall apply and have effect as if, in accordance with the provisions of this section, income levy had been payable for the contribution year 1992-93.”. |