Taxes Consolidation Act, 1997 (Number 39 of 1997)
1058Refusal to allow deduction of tax.
[ITA67 s520; CTA76 s147(1) and (2); FA96 s132(1) and Sch5 PtI par10(5)]
(1) A person who refuses to allow a deduction of income tax or corporation tax authorised by the Tax Acts to be made out of any payment shall forfeit the sum of
(2) Every agreement for payment of interest, rent or other annual payment in full without allowing any such deduction shall be void.
Substituted by FA01 sched5.
Substituted by F(No.2)A08 sched5(part2)(1)(af). The enactments specified in Schedule 5 are amended or repealed to the extent and manner specified in that Schedule and, unless the contrary is stated, shall come into effect after 24 December 2008.