|
|
|
Amendment of section 991B of Principal Act (Covid-19: special warehousing and interest provisions)
|
| |
105. Section 991B of the Principal Act is amended—
|
|
| |
(a) by the deletion of subsection (7),
|
|
| |
(b) by the substitution of the following subsection for subsection (8):
|
|
| |
“(8) Where—
|
|
| |
(a) this section applies to an employer,
|
|
| |
(b) the employer complies with the employer’s obligations under the Acts,
|
|
| |
(c) the employer has—
|
|
| |
(i) before 1 May 2024, engaged with the Collector-General regarding the employer’s Covid-19 liabilities with a view to entering into an agreement to pay those liabilities, and
|
|
| |
(ii) entered into an agreement referred to in subparagraph (i), whether before or after 1 May 2024,
|
|
| |
and
|
|
| |
(d) the employer complies with the obligations of the employer under the agreement entered into as referred to in paragraph (c)(ii),
|
|
| |
no interest shall be due and payable by the employer in respect of the employer’s Covid-19 liabilities during Period 1, Period 2 and Period 3.”,
|
|
| |
and
|
|
| |
(c) by the substitution of the following subsection for subsection (10):
|
|
| |
“(10) Where an employer—
|
|
| |
(a) at any time during the period beginning on the first day of Period 1 and ending on 30 April 2024 fails to comply with the employer’s obligations under the Acts,
|
|
| |
(b) is not an employer to whom subsection (8)(c) applies, or
|
|
| |
(c) on or after 1 May 2024—
|
|
| |
(i) fails to comply with the employer’s obligations under the Acts, or
|
|
| |
(ii) fails to comply with an obligation referred to in subsection (8)(d),
|
|
| |
simple interest shall be paid by the employer to the Revenue Commissioners on any amount of the Covid-19 liabilities remaining unpaid on—
|
|
| |
(I) in a case to which paragraph (a) or (c) applies, the date on which the event resulting in failure to comply with the obligation concerned occurred, and
|
|
| |
(II) in a case to which paragraph (b) applies, 1 May 2024,
|
|
| |
and such interest shall be calculated from—
|
|
| |
(A) in a case to which paragraph (a) applies, the date on which the event resulting in failure to comply with the obligation concerned occurred,
|
|
| |
(B) in a case to which paragraph (b) applies, the first day of Period 3, and
|
|
| |
(C) in a case to which paragraph (c) applies, 1 May 2024,
|
|
| |
until payment of the amount for any day or part of a day during which that amount remains unpaid, at a rate of 0.0274 per cent.”.
|
