5. Amendment of Act of 2009
(1) Section 2 of the Act of 2009 shall be taken to have effect for the year 2015 as if the following Table were substituted for Table D to subsection (3):
"TABLE D
|
Amount of Remuneration |
Rate of deduction |
|---|---|
|
Up to €17,500 |
Exempt |
|
Any excess over €17,500 but not over €20,000 |
2.5 per cent |
|
Any excess over €20,000 but not over €60,000 |
10 per cent |
|
Any amount over €60,000 |
10.5 per cent |
".
(2) Where an amount was deducted from a relevant person (within the meaning of section 2 of the Act of 2009) in the year 2015 in excess of the amount required to be deducted as a result of the operation of subsection (1), the person who is responsible for, or authorises, the payment of remuneration to the relevant person shall repay or cause to be repaid to that relevant person the amount in excess of the amount required to be deducted as a result of the operation of subsection (1).
(3) With effect on and from 1 January 2016, section 2 of the Act of 2009 is amended -