Finance Act 2003

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Amendment of Chapter 4 (collection and recovery of income tax on certain emoluments (PAYE system)) of Part 42 of Principal Act.

157.—Chapter 4 of Part 42 of the Principal Act is amended—

(a) in section 989—

(i) in subsection (3)(d), by substituting “has been completed;” for “has been completed.”,

(ii) by inserting the following after subsection (3)(d):

“(e) where—

(i) the amount of tax estimated in the notice is remitted and a declaration referred to in paragraph (c) is not furnished, or

(ii) the Revenue Commissioners have reason to believe that the amount estimated in the notice is less than the amount which the person was liable to remit,

the Revenue Commissioners may amend the amount so estimated by increasing it and serve notice on the person concerned of the revised amount estimated and such notice shall supersede any previous notice issued under subsection (2).”,

and

(iii) by inserting “or subsection (3)(e)” after “subsection (2)” in subsection (4),

and

(b) in section 990, by inserting the following after subsection (1A)(c):

“(d) Where—

(i) the amount of tax estimated in a notice under subsection (1) is remitted and the return required by Regulation 31 of the Income Tax (Employments) (Consolidated) Regulations 2001 ( S.I. No. 559 of 2001 ) is not submitted, or

(ii) the inspector or other officer has reason to believe that the amount estimated in the notice is less than the amount which the employer was liable to remit,

the inspector or other officer may amend the amount so estimated by increasing it and serve notice on the employer concerned of the revised amount estimated and such notice shall supersede any previous notice issued under subsection (1).”.