Decision timeline from Revenue

C

canman

Registered User
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I am just wondering is there a timeline in which the Revenue commissioners must make a decision on how to apply tax to monies that are due to employees of a company that arise from the sale of company to another party?
 
Not sure I follow this. If employees are owed money by company, that wont change with change in share holders. Whether the guy who signs the cheques is willing to part with the money is a different matter.
 
The initial wording of my question was insufficient.
What I really meant to say,
Is there any deadline(time limit) for the Revenue, that ensures that they must decide on how the proceeds set aside for employees of a global company, which has been taken over, are to be treated tax wise? i.e. what tax rate will be applied to money set aside in an employees fund. This is where the monies owed to employees will be paid from. We are all entitled to x% of this money.

According to our accountant, the circumstances are unique and have not arisen before, but does anyone know are the revenue under any obligation to make a decision within a definite timeframe?

Thanks in advance
 
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