192N Exemption of payments in relation to the Ex-Gratia Scheme for Community Employment Scheme Supervisors and Assistant Supervisors

Summary

This section provides an exemption from income tax of payments made in relation to the Ex-Gratia Scheme for Community Employment Scheme Supervisors and Assistant Supervisors.

Details

This section inserts a new section 192N into the Taxes Consolidation Act 1997, with the following provisions:

(1) Subsection (1) provides that a payment made in relation to the Ex-Gratia Scheme for Community Employment Scheme Supervisors and Assistant Supervisors shall be exempt from income tax and shall not be reckoned in computing total income for the purposes of the Income Tax Acts.

(2) Subsection (2) confirms that in this section, “Ex-Gratia Scheme for Community Employment Scheme Supervisors and Assistant Supervisors” shall be construed in accordance with section 359A(5) of the Social Welfare Consolidation Act 2005.

Relevant Date: Finance Act 2024