Taxes Consolidation Act 1997 section 1059

Power to add penalties to assessments

Section 1059 provides that where an increased rate of income tax or corporation tax is imposed as a penalty, that penalty may be added to the relevant tax assessment and collected in the same manner as the tax itself.

• An increased rate of income tax or corporation tax may be imposed as a penalty, as part of a penalty, or in addition to a penalty.
• The penalty and the increased rate of tax may be added to the taxpayer's assessment.
• Once added, the penalty is collected and levied in the same manner as any other tax included in that assessment.
• This ensures Revenue can use its standard collection and enforcement powers to recover penalty amounts alongside the underlying tax.