Michael Noonan (Limerick East, Fine Gael)

I move amendment No. 96:

In page 206, to delete lines 27 to 35 and substitute the following:

" "(c) Where the Revenue Commissioners issue a notice of attachment in respect of any amount of money due by the relevant person to the taxpayer as emoluments under a contract of service, and where the relevant person is controlled by the taxpayer within the meaning of Section 10, the notice may provide for the payment by the relevant person of the amount of the default out of the emoluments, after taking account of statutory deductions, over a period specified in the notice.",".

Section 70 amends section 1002 of the Taxes Consolidation Act 1997 which is concerned with Revenue's power of attachment in respect of outstanding debt. Revenue will now be able to issue a notice of attachment in respect of emoluments and may provide for the attachment of such emoluments to be spread over a period of time. The amendment is drafted to modify this provision and to focus it more acutely where the Revenue Commissioners issue notice of attachment in respect of any amount of money due by the relevant person to the taxpayer as emoluments under a contract of service and where the relevant person is controlled by the taxpayer within the meaning of section 10, the notice may provide for the payment by the relevant person of the amount of the default out of the emoluments after taking account of statutory deductions over a period specified in the notice.

See this speech in context