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Number 13 of 1994
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FINANCE ACT, 1994
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ARRANGEMENT OF SECTIONS
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PART I
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Income Tax, 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 138B (employee allowance) of Income Tax Act, 1967.
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5.
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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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6.
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Amendment of provisions relating to relief in respect of interest.
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7.
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Restriction of relief in respect of insurance against expenses of illness.
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8.
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Amendment of section 12 (relief for health expenses) of Finance Act, 1967.
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9.
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Amendment of section 8 (restriction of relief in respect of interest paid on certain loans at a reduced rate) of Finance Act, 1982.
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10.
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Taxation treatment of unemployment benefit in certain cases.
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11.
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Amendment of Second Schedule to Finance Act, 1992.
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12.
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Amendment of provisions relating to interest payments by certain deposit takers.
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13.
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Amendment of section 18 (date for payment of tax) of Finance Act, 1988.
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14.
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Amendment of section 2 (exemption of certain earnings of writers, composers and artists) of Finance Act, 1969.
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15.
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Interest on quoted Eurobonds.
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Chapter II
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Income Tax, Corporation Tax and Capital Gains Tax
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16.
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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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17.
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Cesser of transitional provisions relating to amounts raised by companies acting in concert, or for trade of subsidiary.
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18.
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Amendment of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.
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19.
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Exemption from charge to tax of certain loans of art objects.
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20.
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Amendment of section 35 (relief for investment in films) of Finance Act, 1987.
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21.
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Capital allowances for, and deduction in respect of, vehicles.
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22.
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Capital allowances for industrial buildings or structures.
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23.
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Farming: allowances for capital expenditure on construction of buildings and other works.
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24.
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Computer software.
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25.
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Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.
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26.
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Amendment of section 29 (taxation of income deemed to arise on certain sales of securities) of Finance Act, 1984.
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27.
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Distributions to non-residents.
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28.
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Amendment of section 34 (exemption from tax of income derived from patent royalties) of Finance Act, 1973.
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29.
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Amendment of section 46 (limited partnerships) of Finance Act, 1986.
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30.
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Restriction on capital allowances for certain leased machinery or plant.
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31.
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Amendment of section 49 (tax treatment of foreign trusts) of Finance Act, 1993.
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32.
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Exemption of certain non-commercial state-sponsored bodies from certain tax provisions.
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33.
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Amendment of section 36A (special investment policies) of Corporation Tax Act, 1976.
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34.
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Amendment of Chapter IV (Taxation of Savings and Investment) of Part I of Finance Act, 1993.
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Chapter III
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Urban Renewal Reliefs: Termination of Existing Scheme in Certain Areas and Certain Other Matters
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35.
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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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36.
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Amendment of section 27 (designated areas for urban renewal relief) of Finance Act, 1987.
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37.
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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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Chapter IV
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Urban Renewal Reliefs: Introduction of New Scheme in Certain Areas
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38.
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Interpretation (Chapter IV).
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39.
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Designated area and designated street.
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40.
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Accelerated capital allowances in relation to construction or refurbishment of certain industrial buildings or structures.
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41.
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Capital allowances in relation to construction or refurbishment of certain commercial premises.
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42.
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Double rent allowance in respect of rent paid for certain business premises.
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43.
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Deduction for certain expenditure on construction of rented residential accommodation.
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44.
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Rented residential accommodation: deduction for expenditure on conversion.
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45.
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Rented residential accommodation: deduction for expenditure on refurbishment.
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46.
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Residential accommodation: allowance to owner-occupiers in respect of expenditure on construction or refurbishment.
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47.
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Provisions supplementary to sections 43 to 46.
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Chapter V
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Corporation Tax
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48.
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Amendment of section 39 (meaning of “goods”) of Finance Act, 1980.
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49.
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Amendment of section 37 (application of section 84 (matters to be treated as distributions) of Corporation Tax Act, 1976) of Finance Act, 1988.
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50.
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Amendment of section 84A (limitation on meaning of “distribution”) of Corporation Tax Act, 1976.
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51.
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Amendment of section 56 (relief for gifts to The Enterprise Trust Ltd.) of Finance Act, 1992.
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52.
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Relief for payments to National Co-operative Farm Relief Services Ltd. and grants made to its members.
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53.
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Amendment of section 39B (relief in relation to income from certain trading operations carried on in Custom House Docks Area) of Finance Act, 1980.
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54.
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Amendment of Chapter VI (Corporation tax: relief in relation to certain income of manufacturing companies) of Finance Act, 1980.
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55.
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Amendment of section 44 (group dividends) of Finance Act, 1983.
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56.
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Amendment of Part II (Corporation Tax) of Corporation Tax Act, 1976.
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57.
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Corporate unitholders in undertakings for collective investment.
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58.
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Life assurance and companies.
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59.
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Amendment of section 25 (attribution of distributions to accounting periods) of Finance Act, 1989.
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60.
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Amendment of section 35 (profits of life business) of Corporation Tax Act, 1976.
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61.
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Amendment of section 40 (capital allowances for certain leased assets) of Finance Act, 1984.
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62.
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Amendment of section 28 (relief in relation to income from shipping trade) of Finance Act, 1987.
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Chapter VI
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Capital Gains Tax
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63.
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Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.
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64.
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Amendment of section 31 (unit trusts) of Capital Gains Tax Act, 1975.
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65.
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Amendment of section 27 (relief for individuals on certain reinvestment) of Finance Act, 1993.
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66.
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Reduced rate of capital gains tax on certain disposals of shares by individuals.
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PART II
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Customs and Excise
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Chapter I
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Excise Duty on Cigarettes — Introduction of Tax Stamps
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67.
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Interpretation (Chapter I).
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68.
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Amendment of section 1 (interpretation) of Principal Act.
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69.
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Liability for duty to be paid by tax stamps.
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70.
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Sale of cigarettes.
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71.
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Amendment of section 3 (repayment, remission and deferment of payment) of Principal Act.
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72.
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Amendment of section 7 (ascertainment of retail prices of tobacco products) of Principal Act.
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73.
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Amendment of section 8 (regulations) of Principal Act.
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74.
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Offences in relation to tax stamps.
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75.
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Amendment of section 11 (offences) of Principal Act.
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76.
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Amendment of section 18 (power to refuse delivery of goods) of Finance Act, 1939.
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77.
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Commencement (Chapter I).
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Chapter II
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Miscellaneous
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78.
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Interpretation (Chapter II).
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79.
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Tobacco products.
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80.
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Beer.
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81.
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Spirits.
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82.
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Cider and perry.
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83.
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Wine and made wine.
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84.
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Hydrocarbons.
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85.
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Amendment of section 132 (charge of excise duty) of Finance Act, 1992.
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86.
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Amendment of section 60 (records) of Finance Act, 1993.
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87.
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Amendment of section 61 (evidence) of Finance Act, 1993.
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88.
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Amendment of section 123 (rates of duty) of Finance Act, 1992.
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89.
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Exemption from duty on certain bets.
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PART III
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Value-Added Tax
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90.
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Interpretation (Part III).
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91.
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Amendment of section 1 (interpretation) of Principal Act.
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92.
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Amendment of section 3 (supply of goods) of Principal Act.
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93.
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Person liable to pay tax in relation to certain supplies of immovable goods.
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94.
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Amendment of section 8 (taxable persons) of Principal Act.
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95.
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Amendment of section 10 (amount on which tax is chargeable) of Principal Act.
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96.
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Amendment of section 12 (deductions for tax borne or paid) of Principal Act.
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97.
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Amendment of section 14 (determination of tax due by reference to cash receipts) of Principal Act.
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98.
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Amendment of section 27 (fraudulent returns, etc.) of Principal Act.
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99.
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Amendment of First Schedule to Principal Act.
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100.
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Amendment of Second Schedule to Principal Act.
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101.
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Amendment of Sixth Schedule to Principal Act.
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PART IV
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Stamp Duties
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102.
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Definitions (Part IV).
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103.
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Amendment of section 103 (provision relating to voluntary disposition inter vivos, etc.) of Finance Act, 1991.
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104.
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Amendment of section 105 (valuation of property chargeable with stamp duty) of Finance Act, 1991.
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105.
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Amendment of section 206 (exemption from stamp duty of certain stocks and marketable securities) of Finance Act, 1992.
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106.
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Amendment of section 106 (exemption from stamp duty of certain loan capital and securities) of Finance Act, 1993.
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107.
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Particulars to be delivered in cases of transfers and leases.
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108.
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Stamp duty and value-added tax.
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109.
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Right of appeal of persons dissatisfied with...
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