37. The Taxes Consolidation Act 1997 is amended—

(a) by inserting the following section after section 124:

“ Tax treatment of payments made pursuant to an order under section 2B of Employment Permits Act 2003

124A. (1) Payments made pursuant to an order under section 2B of the Employment Permits Act 2003 shall be regarded as—

(a) profits or gains accruing from an office or employment (and accordingly tax under Schedule E shall be charged on those payments, and tax so chargeable shall be computed under section 112(1)), and

(b) emoluments to which Chapter 4 of Part 42 applies.”,

and

(b) in section 192A, by inserting the following after subsection (5):

“(5A) This section shall not apply to payments made pursuant to an order under section 2B of the Employment Permits Act 2003.”.