AI Summary of 28D. Covid-19: special warehousing and interest (relevant tax due under section 28B(11))
The provision defines key terms: "Acts" as in section 28C; "Covid-19 entitlement" as payment entitlements under Taxes Consolidation Act 1997 s485, s28B and a list of designated support schemes (including Live Performance Support Strand II and Phase 3, Live Performance Restart, Live Local Performance Support, Commercial Entertainment Capital Grant, Music and Entertainment Business Assistance, several 2022 tourism business continuity schemes, Sustaining Enterprise Fund, Accelerated Recovery Fund, travel agent supports and Temporary Covid-19 Supports for Commercial Bus Operators) and any scheme designated by the Revenue Commissioners. "Covid-19 relevant tax", "inspector of taxes" and Periods 1–3 are defined, with alternate Period dates where entitlements arise or are paid between 1 January and 30 April 2022; the Revenue may designate similar schemes.
The section applies to employers unable to pay Covid-19 relevant tax due to Covid-19 who comply with Chapter 4 of Part 42 and this Part and whose affairs are administered by the Personal or Business Division or who have notified Revenue. Inspectors may make enquiries. Where applicable, s28B(15) does not apply. If an employer engaged with the Collector‑General before 1 May 2024 and entered into and complies with a payment agreement, no interest is payable for Periods 1–3; otherwise simple interest at 0.0219 per cent applies from specified trigger dates. Non‑payment in accordance with these provisions is not treated as non‑compliance for ss1094 or 1095; s960E(2) does not apply where the employer complies with Chapter 4 of Part 42 and this Part.
28D. Covid-19: special warehousing and interest (relevant tax due under section 28B(11))
(1) Subject to subsection (1A), in this section -
'the Acts' has the same meaning as it has in section 28C;
'Covid-19 entitlement' means an entitlement to payment of an amount under -
(a) section 485 of the Taxes Consolidation Act 1997,
(c) any of the following schemes:
(i) the scheme commonly known as the Live Performance Support Scheme Strand II;
(ii) the scheme commonly known as the Live Performance Support Scheme Phase 3;
(iii) the scheme commonly known as the Live Performance Restart Grant Scheme;
(iv) the scheme commonly known as the Live Local Performance Support Scheme;
(v) the scheme commonly known as the Commercial Entertainment Capital Grant Scheme;
(vi) the scheme commonly known as the Music and Entertainment Business Assistance Scheme;
(vii) the scheme commonly known as the Attractions and Activity Tourism Operators Business Continuity Scheme 2022;
(viii) the scheme commonly known as the Strategic Tourism Transport Business Continuity Scheme 2022;