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Number 13 of 1993
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FINANCE ACT, 1993
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ARRANGEMENT OF SECTIONS
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PART I
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Income Tax, Income Levy, Corporation Tax and Capital Gains Tax
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Chapter I
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Income Tax
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Section
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1.
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Amendment of provisions relating to exemption from income tax.
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2.
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Alteration of rates of income tax.
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3.
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Personal reliefs.
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4.
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Amendment of section 6 (special allowance in respect of P.R.S.I. for 1982-83) of Finance Act, 1982.
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5.
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Amendment of provisions relating to relief in respect of interest.
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6.
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Amendment of section 11 (restriction of relief to individuals on loans applied in acquiring shares in companies) of Finance Act, 1990.
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7.
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Tax treatment of certain severance payments.
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8.
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Reliefs in respect of tax charged on payments on retirement, etc.
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Chapter II
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Income Levy
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9.
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Application of section 16 (income levy) of Finance Act, 1983, for 1993-94.
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Chapter III
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Taxation of Married Persons
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10.
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Taxation of married persons.
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Chapter IV
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Taxation of Savings and Investment
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11.
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Amendment of Part III (special classes of companies) of Corporation Tax Act, 1976.
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12.
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Life assurance companies: transitional provisions.
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13.
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Special investment schemes.
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14.
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Special portfolio investment accounts.
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15.
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Amendment of provisions relating to interest payments by certain deposit takers.
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16.
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Limits to special investments.
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17.
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Undertakings for collective investment.
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18.
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Taxation of unit holders in undertakings for collective investment.
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19.
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Amendment of section 31 (unit trusts) of the Capital Gains Tax Act, 1975.
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20.
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Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
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21.
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Life assurance companies: amendment of section 29 (taxation of income deemed to arise on certain sales of securities) of Finance Act, 1984.
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22.
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Life assurance companies: amendment of section 16 (relief for trading losses other than terminal losses) of Corporation Tax Act, 1976.
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23.
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Amendment of section 33A (acquisition expenses) of Corporation Tax Act, 1976.
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24.
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Foreign life assurance and deferred annuities: taxation and returns.
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Chapter V
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Investment Incentive Schemes
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25.
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Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.
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26.
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Amendment of section 12 (relief for new shares purchased on issue by employees) of Finance Act, 1986.
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27.
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Relief for individuals on certain reinvestment.
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Chapter VI
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Income Tax, Corporation Tax and Capital Gains Tax
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28.
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Farming: amendment of provisions relating to relief in respect of increase in stock values.
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29.
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Application of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.
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30.
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Amendment of Chapter V (Urban Renewal: Relief from Income Tax and Corporation Tax) of Part I of Finance Act, 1986.
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31.
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Amendment of section 4 (relief for expenditure on certain buildings in designated areas) of Finance Act, 1989.
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32.
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Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.
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33.
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Amendment of section 51 (application of certain allowances in relation to certain areas and certain expenditure) of Finance Act, 1988.
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34.
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Capital allowances: treatment of grants, etc.
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35.
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Transfer of shares held by certain societies to members of society.
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36.
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Amendment of section 56 (taxation of shares issued in lieu of cash dividends) of Finance Act, 1974.
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37.
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Údarás na Gaeltachta and small enterprise grants.
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38.
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Market Development Fund and Employment Subsidy Scheme.
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Chapter VII
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Corporation Tax
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39.
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Amendment of section 6 (general scheme of corporation tax) of Corporation Tax Act, 1976.
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40.
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Amendment of section 18 (date for payment of tax) of Finance Act, 1988.
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41.
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Amendment of section 50 (returns and collection of advance corporation tax) of Finance Act, 1983.
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42.
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Amendment of section 1 (introduction for companies of corporation tax in place of income tax, corporation profits tax and capital gains tax) of Corporation Tax Act, 1976.
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43.
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Cesser of section 337 (savings banks) of Income Tax Act, 1967.
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44.
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Amendment of section 39 (meaning of “goods”) of Finance Act, 1980.
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45.
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Amendment of section 84A (limitation on meaning of “distribution”) of Corporation Tax Act, 1976.
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46.
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Tax credit for recipients of certain distributions.
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47.
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Taxation of certain foreign currency transactions.
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48.
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Amendment of section 35 (relief for investment in films) of Finance Act, 1987.
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49.
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Tax treatment of foreign trusts.
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50.
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Amendment of section 10A (restriction of certain charges on income) of Corporation Tax Act, 1976.
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51.
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Gifts to First Step.
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PART II
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Customs and Excise
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Chapter I
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Registration and Taxation of Vehicles
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52.
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“Act of 1992” (Chapter I).
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53.
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Amendment of section 130 (interpretation) of Act of 1992.
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54.
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Amendment of section 134 (permanent reliefs) of Act of 1992.
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55.
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Amendment of section 136 (authorisation of manufacturers, distributors and dealers and periodic payment of duty) of Act of 1992.
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56.
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Amendment of section 141 (regulations) of Act of 1992.
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Chapter II
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Excise Duties on, and Licensing of, Vehicles
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57.
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Interpretation (Chapter II).
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58.
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Regulations.
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59.
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Extension of powers of licensing authorities in relation to grant of certain licences.
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60.
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Records.
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61.
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Evidence.
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62.
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Miscellaneous.
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63.
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Amendment of certain provisions relating to penalties for offences in relation to licensing and registration of vehicles.
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64.
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Amendment of the Act of 1920.
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CHAPTER III
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Miscellaneous
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65.
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Interpretation (Chapter III).
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66.
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Tobacco products.
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67.
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Cider and perry.
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68.
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Wine and made wine.
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69.
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Hydrocarbons.
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70.
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Amendment of section 123 (rates of duty) of Finance Act, 1992.
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71.
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Gaming machine licence duty.
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72.
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Amendment of section 35 (hydrocarbons) of Finance Act, 1981.
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73.
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Duty on beer.
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74.
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Deferment of duty on beer.
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75.
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Deferment of duty on wine and made wine.
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76.
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Application of Article 5.2 of Council Directive No. 92/12/EEC.
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77.
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Spirits retailers' on-licences.
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78.
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Amendment of section 155 (spirits retailers' on-licences) of Finance Act, 1992.
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79.
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Tax clearance in relation to certain excise licences.
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80.
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Repeals and revocations (Chapter III).
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PART III
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Value-Added Tax
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81.
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Interpretation (Part III).
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82.
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Amendment of section 3 (supply of goods) of Principal Act.
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83.
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Amendment of section 3A (intra-Community acquisition of goods) of Principal Act.
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84.
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Alcohol products.
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85.
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Amendment of section 8 (taxable persons) of Principal Act.
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86.
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Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
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87.
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Amendment of section 11 (rates of tax) of Principal Act.
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88.
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Amendment of section 12 (deductions for tax borne or paid) of Principal Act.
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89.
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Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.
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90.
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Supplies to, and intra-Community acquisitions and imports by, certain taxable persons.
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91.
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Amendment of section 17 (invoices) of Principal Act.
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92.
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Amendment of section 19 (tax due and payable) of Principal Act.
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93.
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Amendment of section 20 (refund of tax) of Principal Act.
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94.
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Amendment of First Schedule to Principal Act.
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95.
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Amendment of Second Schedule to Principal Act.
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96.
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Goods and services chargeable at the rate specified in section 11 (1) (c) of Principal Act.
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97.
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Amendment of Sixth Schedule to Principal Act.
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98.
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Repeal of Seventh Schedule to Principal Act.
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99.
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Amendment of section 113 (use of electronic data processing) of Finance Act, 1986.
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PART IV
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Stamp Duties
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100.
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Amendment of section 112 (stamp duty on transfers of building land) of Finance Act, 1990.
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101.
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Exemption from stamp duty of certain instruments.
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102.
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Amendment of section 203 (stamp duty in respect of cash cards) of Finance Act, 1992.
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103.
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Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982.
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104.
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Exchanges.
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105.
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Amendment of section 34 (stamp duty on certain conveyances and transfers) of Finance Act, 1978.
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106.
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Exemption from stamp duty of certain loan capital and securities.
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PART V
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Residential Property Tax
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107.
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Clearance on sale of certain residential property.
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108.
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Amendment of section 112 (penalties) of Finance Act, 1983.
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PART VI
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Capital Acquisitions Tax
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Chapter I
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Taxation of Assets Passing on Inheritance (Probate Tax)
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109.
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Interpretation (Chapter I).
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110.
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Acquisitions by relevant trusts.
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111.
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Application of Principal Act.
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112.
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Exemptions.
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113.
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Computation of tax.
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114.
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Relief in respect of quick succession.
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115.
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Incidence.
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116.
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Payment of tax.
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117.
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Interest on tax.
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118.
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Postponement of tax.
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119.
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Application of section 85 of Finance Act, 1989, and section 133 of Finance Act, 1993.
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Chapter II
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Miscellaneous Amendments, etc.
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120.
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Interpretation (Chapter II).
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121.
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Amendment of section 5 (gift deemed to be taken) of Principal Act.
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122.
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Amendment of section 6 (taxable gift) of Principal Act.
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