Income Tax

Regarding ITA67 s61, 6 AC 2000 

ITA 1967 Section 61

 

PAYE/PRSI not operated by taxpayer re bonuses to staff. Settlement liability agreed with Revenue based on treating the payments made by the employer as gross from which tax/PRSI ought to have been deducted. Whether payment of the settlement amount (excluding interest and penalties) an allowable deduction? 

Decision: Appeal fails.

 

 

 

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Last modified: April 01, 2003