Section 991A Payment of tax by direct debit

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Amendments

Section 991A inserted by Finance Act 2001 section 237(c).

Where, for a year of assessment (being the year of assessment 2000-2001 or a subsequent year of assessment)―

(a) an employer has been authorised by the Collector-General in accordance with [INVALID LINK of the Income Tax (Employments) (Consolidated) Regulations 2001 (S.I. No. 559 of 2001)]¹, to remit income tax for a period longer than an income tax month, and

(b) such authorisation is subject to the condition that the employer is required each month to pay an amount to the Collector-General by direct debit from the employer's bank account,

then, the provisions of section 991 shall apply to any tax in respect of that year of assessment which is paid by the employer after the end of that year.

Amendments

1 Substituted by Finance Act 2002 section 138 and Schedule 6 para 3(s) as on and from 1 January 2002.

As an employer, how is interest charged where shortfalls arise in my direct debit payments?

The rule in section 991, which allows interest to be charged from after the midpoint in the tax year, also applies where employer's PAYE is underpaid by direct debit.