Revenue eBrief No. 006/22
18 January 2022
Credit in respect of tax deducted from emoluments of certain directors and employees
Tax and Duty Manual Part 42-04-59 - Credit in respect of tax deducted from emoluments of certain directors and employees - has been amended in section 6 to reflect the update to the debt warehousing scheme introduced in Finance Act 2021. It extends the scheme to allow self-assessed income tax payers with employment income, who have a material interest in their employer company in certain circumstances, to warehouse income tax liabilities relating to their Schedule E income.