Section 14 Fractions of a euro and yearly assessments
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(1) The due proportion of income tax shall be charged for every fractional part of [one euro]1, but no income tax shall be charged on a lower denomination than [one cent]1.
Amendments
1 Substituted by Finance Act 2001 section 240(2) and Schedule 5 as respects 2002 and later tax years.
(2) Every assessment and charge to income tax shall be made for a year of assessment.
Amendments
Subs (2) substituted by Finance Act 2001 section 77(1)(c).
