531W No relief for any payment in relation to parking levy

This section provides that, notwithstanding any provision in the Tax Acts, an employee cannot claim an expenses deduction under section 114 or a credit against any liability arising in relation to payment of a parking levy. In addition, where the employer makes any payment to compensate or reimburse an employee for the payment of a parking levy, the employer cannot claim such payment in computing trading profits or management expenses.

Relevant Date: Finance Act 2021