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Taxes Consolidation Act, 1997 (Number 39 of 1997)

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531AX Restriction on deduction.

(1) Universal social charge paid in respect of a tax year is in addition to, and does not reduce, any liability which an individual may have in respect of income tax or other taxes under the Tax Acts.

(2) Excess tax credits or reliefs which are available to an individual may not be set against any charge to universal social charge which is due and payable for a tax year.

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Inserted by FA11 s3(1)(a). Applies for the year of assessment 2011 and each subsequent year of assessment.