Date-stamp loading
Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 25 December 2017 - onwards
  Version 2 of 2    

531H. Assessment, collection, payment and recovery of income levy on aggregate income for the year of assessment.

“the annual rate of charge of income levy is as set out in s. 531C

(1) Income levy payable for a year of assessment in respect of aggregate income for the year of assessment shall be assessed, charged and paid in all respects as if it was an amount of income tax assessed and charged under the Tax Acts, but without regard to section 1017, and may be stated in one sum (in this section referred to as the ‘aggregate sum’) with the amount of income tax contained in any computation of, or assessment or assessments to, income tax made by or on the individual by whom the income levy is payable for the year of assessment.

(2) Where, but for this subsection, no assessment to income levy would be made on an individual for a year of assessment, then an officer of the Revenue Commissioners shall make an assessment to income levy on the individual to the best of the officer’s judgement of the amounts chargeable to income levy, and the provisions of the Tax Acts, including in particular

Comparing proposed amendment...