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Taxes Consolidation Act, 1997 (Number 39 of 1997)

203 Payments in respect of redundancy.

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[FA 68 s37(1) and (2)]

(1) In this section, “lump sum” and “weekly payment” have the same meanings respectively as in the Redundancy Payments Act, 1967.

(2) Any lump sum or weekly payment and any payment to or on behalf of an employed or unemployed person in accordance with regulations under section 46 of the Redundancy Payments Act, 1967, shall be exempt from income tax under Schedule E.

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(1) In this section, “lump sum” has the same meaning as in the Redundancy Payments Act 1967.

(2) Any lump sum payment made under section 19 or 32 of the Redundancy Payments Act 1967 shall be exempt from income tax under Schedule E.

(3) Any payment made under section 32A of the Redundancy Payments Act 1967 shall be exempt from income tax under Schedule E.

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Substituted by FA22 s5(1). Comes into operation on 19 April 2022.