Revenue Note for Guidance

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Revenue Note for Guidance

1058 Refusal to allow deduction of tax

(1) This section provides that any person who refuses to allow a deduction of tax at source from any payment authorised by the Tax Acts to be made under deduction of tax is liable to a penalty of €3,000.

(2) All agreements allowing payment of interest, rent or other annual payment in full without any such deduction are void.

Relevant Date: Finance Act 2021