Finance Act, 1985
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Amendment of section 125 (application of PAYE) of Income Tax Act, 1967. |
6.—(1) The Income Tax Act, 1967 , is hereby amended, as respects emoluments arising in the year 1986-87 and subsequent years of assessment, by the substitution of the following section for section 125: | |
“125.—This Chapter applies to all emoluments except emoluments which are emoluments in respect of which the employer has been notified by the inspector that they are emoluments which arise from an office or employment and from which, in the opinion of the inspector having regard to the circumstances of the office or employment or to the amount of the emoluments, the deduction of tax by reference to the provisions of this Chapter is impracticable: | ||
Provided that the inspector may, if a change in the circumstances of the office or employment or in the amount of the emoluments so warrants, cancel such notification by notice in writing given to the employer and this Chapter shall then apply to payments of emoluments arising from the office or employment made after the date of such notice.”. | ||
(2) Any notice issued by or on behalf of the Revenue Commissioners under section 125 of the Income Tax Act, 1967 , prior to the 6th day of April, 1986, shall not apply or have effect in relation to emoluments arising in the year 1986-87 or any subsequent year of assessment. |