Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 174:

In page 522, to delete lines 9 to 18 and substitute the following:“(ii) each tax assessable on, in relation to, or by the company under the Taxes Consolidation Act 1997 in respect of, or apportioned on a time basis to, a period ending on or before the relevant date, for which the tax concerned is due and payable, but the particular period (in respect of which priority under this subparagraph for the tax concerned is claimed) shall not be of more than 12 months duration;”.

The purpose of this amendment is to further clarify the 12 month priority period in section 622(2)(a)(ii). The wording used in the Committee Stage amendment was identified as being potentially problematic as it changed the common law position on this matter. This amendment purports to revert to the current established practice whereby the Revenue Commissioners determine the appropriate 12 month period.

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