Finance Act 2010

Chapter 2

Income Levy

Income levy.

3.— (1) The Principal Act is amended in Part 18A—

(a) in section 531B by substituting the following for paragraph (a) of the Table to subsection (1):

“(a) The income described in this paragraph, to be known as ‘relevant emoluments’, is emoluments to which Chapter 4 of Part 42 applies or is applied—

(i) other than social welfare payments and similar type payments,

(ii) other than excluded emoluments,

(iii) disregarding expenses, in respect of which an employee may be entitled to relief from income tax, which fall within Regulation 10(3) of the PAYE Regulations,

(iv) having regard to any relief under section 201(5)(a) and paragraphs 6 and 8 of Schedule 3, and

(v) excluding emoluments of an individual who is resident in a territory with which arrangements have been made under subsection (1)(a)(i) or (1B)(a)(ii) of section 826 in relation to affording relief from double taxation, where those emoluments are the subject of a notification issued under section 984(1).”,

(b) in section 531B in paragraph (b) of the Table to subsection (1) by inserting the following after subparagraph (iv):

“(iva) having regard to any reduction arising by virtue of section 825A, and”,

(c) in section 531B in paragraph (b) of the Table to subsection (1) by inserting the following after subparagraph (iva) (inserted by paragraph (b)):

“(ivb) having regard to any allowances due under section 659 arising from the obligations under Council Directive 91/676/EEC of 12 December 1991 1 concerning the protection of waters against pollution caused by nitrates from agricultural sources.”,

and

(d) in section 531B in paragraph (b) of the Table to subsection (1) by deleting subparagraphs (v), (vi) and (vii).

(2) The Principal Act is amended in paragraph 1(1) of Part 1 of Schedule 24 by substituting the following for the definition of “ the Irish taxes ”—

“ ‘ the Irish taxes ’ means income tax, income levy and corporation tax;”.

(3) This section applies—

(a) as respects paragraphs (a), (b) and (d) of subsection (1) and subsection (2), for the year of assessment 2009 and subsequent years, and

(b) as respects paragraph (c) of subsection (1), for the year of assessment 2010 and subsequent years.

1 OJ No. L375, 31.12.1991, p.1