Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I move amendment No. 28:

In page 25, to delete lines 14 and 15 and substitute the following: "(ii) in paragraph (c)—

(I) by substituting the following subparagraph for subparagraph (i):

"(i) Subject to subparagraph (ii), where a company makes a claim in respect of a specified amount or pursuant to section 766C(4) and it is subsequently found that the claim is not as authorised by this section or by section 766A or 766C, as the case may be, then the company may be charged to tax under Case IV of Schedule D for the accounting period in respect of which the payment was made or the amount surrendered, as the case may be, in an amount equal to 4 times so much of—

(I) the specified amount, or

(II) the amount pursuant to section 766C(4),

as is not so authorised.",

and

(II) by inserting the following subparagraph after paragraph (ii):".