Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 44:

In page 19, to delete lines 28 to 37 and substitute the following:“(c) Where in accordance with paragraph (a), a Revenue officer makes an assessment or an amended assessment on a person in an amount that, according to the best of that officer’s judgement, ought to be charged on that person, the amount so charged shall, for the purposes of paragraph (a) and Part 42, be deemed to be tax due and payable in respect of the tax year in which the person is liable to pay the amount involved and shall carry interest as determined in accordance with subsection (2) of section 1080 as if a reference in that subsection to the date when the tax became due and payable were a reference to the date the amount so charged is, under this section, payable to the Revenue Commissioners.”.

This entails a minor rewording of subsection (20)(c) to ensure that the collection and recovery provisions in Part 42 of the Taxes Consolidation Act 1997 apply to the clawback provisions governing the scheme.