Taxes Consolidation Act 1997 section 531L

Restriction on deduction

Section 531L provided that the income levy operated as a standalone charge: it could not be reduced by tax credits or reliefs, and it could not itself be used to reduce other tax liabilities.

• Income levy was an additional charge separate from income tax and other liabilities.
• The income levy paid in a year could not be used as a credit against any other tax liability for that year.
• Tax credits and reliefs available to an individual could not be set off against the income levy.
• The section ceased to have effect for 2011 and later years, when the income levy was replaced by the universal social charge.