Corporation Tax Act, 1976

Provisions as to tax under section 151.

152.—(1) All the provisions of the Income Tax Acts relating to—

(a) persons who are to be chargeable with income tax;

(b) income tax assessments;

(c) appeals against such assessments (including the rehearing of appeals and the statement of a case for the opinion of the High Court); and

(d) the collection and recovery of income tax,

shall, so far as they are applicable, apply to the charge, assessment, collection and recovery of income tax under section 151.

(2) (a) Any tax payable in accordance with section 151 without the making of an assessment shall carry interest at the rate of 1.5 per cent. for each month or part of a month from the date when the tax becomes due and payable until payment.

(b) The provisions of section 550 (3) (4) (5) of the Income Tax Act, 1967 , shall apply in relation to interest payable under this subsection as they apply in relation to interest payable under the said section 550.

(3) In its application to any tax charged by any assessment to income tax in accordance with section 151 , section 550 of the Income Tax Act, 1967 , shall have effect with the omission of the proviso to subsection (1) and subsections (2) and (2A).