Taxes Consolidation Act, 1997
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Provisions as to tax under section 239 . [CTA76 s152; FA78 s46(1)(f), (2) and (3); FA81 s22; FA90 s50; FA97 s146(2) and Sch9 PtII] |
240.—(1) Subsections (2) to (4) shall apply only in respect of a company to which section 239 (10) relates. | |
(2) The provisions of the Income Tax Acts relating to— | ||
(a) persons who are to be chargeable to income tax, | ||
(b) income tax assessments, | ||
(c) appeals against such assessments (including the rehearing of appeals and the statement of a case for the opinion of the High Court), and | ||
(d) the collection and recovery of income tax, | ||
shall, in so far as they are applicable, apply to the charge, assessment, collection and recovery of income tax under section 239 . | ||
(3) (a) Any tax payable in accordance with section 239 without the making of an assessment shall carry interest at the rate of 1.25 per cent for each month or part of a month from the date when the tax becomes due and payable until payment. | ||
(b) Subsections (2) to (4) of section 1080 shall apply in relation to interest payable under this subsection as they apply in relation to interest payable under section 1080 . | ||
(4) In its application to any tax charged by an assessment to income tax in accordance with section 239 , section 1080 shall apply as if subsection (1)(b) of that section were deleted. | ||
(5) Section 1081 (1) shall not apply where by virtue of section 438 (4) there is any discharge or repayment of tax assessed under section 239 . |