Tax Exemption for Employee Protection Legislation (Section 192A Taxes Consolidation Act 1997)
Section 192A Taxes Consolidation Act (TCA) 1997 provides an exemption from income tax for awards that infringe an employee’s rights or entitlements under employment legislation. Generally speaking, If the award or settlement relates to compensation for breach of statutory rights or entitlements, it should be exempt from taxation under the [...]