Finance Act, 1993

Market Development Fund and Employment Subsidy Scheme.

38.—(1) A payment to which this section applies shall be disregarded for all the purposes of the Tax Acts.

(2) This section applies to any payment made, whether before or after the passing of this Act, to an employer in respect of a person employed by him, being a payment made under—

(a) the Market Development Fund, being a fund established on the 6th day of October, 1992, and administered by An Bord Tráchtála—The Irish Trade Board, or

(b) the Employment Subsidy Scheme, being a scheme established on the 1st day of February, 1992, and administered by An Foras ?iseanna Saothair.