Taxes Consolidation Act 1997 section 997

Supplementary provisions (Chapter 4)

Section 997 provides that formal Schedule E assessments need not be made on employees within the PAYE system except in a limited number of circumstances, and sets out time limits, employer discharge rules, and the treatment of balancing statements as assessments.

• A formal assessment is only required where the employee requests one, where emoluments paid differ from those earned in the year, or where the income should be charged at the higher rate
• Time limits of four years (or five years for pre-2003 years) apply to the making of assessments, whether requested by the employee or raised by the inspector
• An employer who deducts PAYE tax and remits it to Revenue is treated as having paid the gross amount to the employee and is discharged of that sum
• A balancing statement issued under the Income Tax (Employments) Regulations 2018 may be treated as a formal assessment and appealed within 30 days