Finance act 2010
Enactment Date | 03 April 2010 |
Act Number | 5 |
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Number 5 of 2010 |
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FINANCE ACT 2010 |
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ARRANGEMENT OF SECTIONS |
PART 1 |
Cost benefit analysis of tax expenditures |
Section |
1. Cost benefit analysis of tax expenditures. |
PART 2 |
Income Levy, Income Tax, Corporation Tax and Capital Gains Tax |
Chapter 1 |
Interpretation |
2. Interpretation (Part 2). |
Chapter 2 |
Income Levy |
3. Income levy. |
Chapter 3 |
Income Tax |
4. Amendment of section 122 (preferential loan arrangements) of Principal Act. |
5. Cesser of certain reliefs. |
6. Amendment of section 469 (relief for health expenses) of Principal Act. |
7. Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act. |
8. Amendment of section 997A (credit in respect of tax deducted from emoluments of certain directors) of Principal Act. |
9. Amendment of section 71 (foreign securities and possessions) of Principal Act. |
10. Amendment of section 825B (repayment of tax where earnings not remitted) of Principal Act. |
11. Amendment of section 825A (reduction in income tax for certain income earned outside the State) of Principal Act. |
12. Amendment of section 477 (relief for service charges) of Principal Act. |
13. Amendment of section 216A (rent-a-room relief) of Principal Act. |
14. Amendment of section 667B (new arrangements for qualifying farmers) of Principal Act. |
15. Amendment of section 384 (relief under Case V for losses) of Principal Act. |
16. Retirement benefits. |
17. Amendment of section 128D (tax treatment of directors of companies and employees who acquire restricted shares) of Principal Act. |
18. Information in respect of awards of shares. |
19. Amendment of Schedule 11 (profit sharing schemes) to Principal Act. |
20. Amendment of section 470B (age-related relief for health insurance premiums) of Principal Act. |
21. Income tax: restriction on use of losses on approved buildings. |
22. Amendment of Schedule 13 (accountable persons for purposes of Chapter 1 of Part 18) to Principal Act. |
23. Limitation on amount of certain reliefs used by certain high income individuals. |
Chapter 4 |
Income Tax, Corporation Tax and Capital Gains Tax |
24. Provisions relating to charities and donations to approved bodies. |
25. Amendment of Part 22 (provisions relating to dealing in or developing land and disposals of development land) of Principal Act. |
26. Amendment of section 843A (capital allowances for buildings used for certain childcare purposes) of Principal Act. |
27. Mid-Shannon corridor tourism infrastructure investment scheme. |
28. Payment of tax by means of donation of heritage property. |
29. Payments to subcontractors in certain industries. |
30. Amendment of section 731 (chargeable gains accruing to unit trusts) of Principal Act. |
31. Amendment of Part 27 (unit trusts and offshore funds) of Principal Act. |
32. Amendment of section 1035A (relieving provision to section 1035) of Principal Act. |
33. Dividend withholding tax. |
34. Amendment of section 175 (purchase of own shares by quoted company) of Principal Act. |
35. Amendment of Part 3 (provisions relating to the Schedule C charge and government and other public securities) of Principal Act. |
36. Amendment of section 299 (allowances to lessees) of Principal Act. |
37. Amendment of Chapter 4 (interest payments by certain deposit takers) of Part 8 of Principal Act. |
38. Amendment of section 481 (relief for investment in films) of Principal Act. |
39. Specified financial transactions. |
40. Interest payments to residents in relevant territories. |
41. Credit for foreign tax. |
42. Transfer pricing. |
Chapter 5 |
Corporation Tax |
43. Intangible assets, etc. |
44. Acceleration of wear and tear allowances for certain energy-efficient equipment. |
45. Amendment of section 486C (relief from tax for certain start-up companies) of Principal Act. |
46. Unilateral relief (royalty income). |
47. Carry forward of unrelieved foreign tax. |
48. Amendment of section 847 (tax relief for certain branch profits) of Principal Act. |
49. Dividends paid out of foreign profits. |
50. Foreign dividends. |
51. Assets transferred in course of scheme of reconstruction or amalgamation. |
52. Amendment of section 80A (taxation of certain short-term leases of plant and machinery) of Principal Act. |
53. Amendment of section 402 (foreign currency: tax treatment of capital allowances and trading losses of a company) of Principal Act. |
54. Amendment of section 766 (tax credit for research and development expenditure) of Principal Act. |
55. Tax treatment of certain royalties. |
Chapter 6 |
Capital Gains Tax |
56. Amendment of section 542 (time of disposal and acquisition) of Principal Act. |
57. Amendment of section 590 (attribution to participators of chargeable gains accruing to non-resident company) of Principal Act. |
58. Amendment of section 598 (disposals of business or farm on “retirement”) of Principal Act. |
59. Restrictions on allowable losses. |
60. Amendment of section 607 (Government and certain other securities) of Principal Act. |
61. Amendment of section 611 (disposals to State, public bodies and charities) of Principal Act. |
62. Amendment of section 958 (date for payment of tax) of Principal Act. |
63. Amendment of Schedule 15 (list of bodies for purposes of section 610) to Principal Act. |
PART 3 |
Customs and Excise |
Chapter 1 |
Mineral Oil Tax Carbon Charge |
64. Mineral oil tax carbon charge. |
65. Cesser of application of mineral oil tax to coal. |
Chapter 2 |
Natural Gas Carbon Tax |
66. Definitions (Chapter 2). |
67. Charging and rates of natural gas carbon tax. |
68. Liability to pay natural gas carbon tax. |
69. Registration of natural gas suppliers. |
70. Returns and payment by natural gas suppliers. |
71. Reliefs from natural gas carbon tax. |
72. Repayments of natural gas carbon tax. |
73. Offence and penalty (Chapter 2). |
74. Regulations (Chapter 2). |
75. Care and management (Chapter 2). |
76. Commencement (Chapter 2). |
Chapter 3 |
Solid Fuel Carbon Tax |
77. Interpretation (Chapter 3). |
78. Charging and rates of solid fuel carbon tax. |
79. Liability to pay solid fuel carbon tax. |
80. Registration of solid fuel suppliers. |
81. Returns and payment by solid fuel suppliers. |
82. Reliefs from solid fuel carbon tax. |
83. Repayments of solid fuel carbon tax. |
84. Offence and penalty (Chapter 3). |
85. Regulations (Chapter 3). |
86. Care and management (Chapter 3). |
87. Commencement (Chapter 3). |
Chapter 4 |
Miscellaneous |
88. Rates of alcohol products tax. |
89. Amendment of section 98A (relief for biofuel) of Finance Act 1999. |
90. Amendment of Chapter 1 (mineral oil tax) of Part 2 of Finance Act 1999. |
91. Amendment of Chapter 3 (tobacco products tax) of Part 2 of Finance Act 2005. |
92. Amendment of Chapter 1 (alcohol products tax) of Part 2 of Finance Act 2003. |
93. Amendment of Part 2 (consolidation and modernisation of general excise law) of Finance Act 2001. |
94. Amendment of section 34 (amendments relative to penalties) of Finance Act 1963. |
95. Section 186 (illegally importing) of Customs Consolidation Act 1876 and penalties for offences. |
96. Amendment of section 3 (penalty for illegally exporting goods) of Customs Act 1956. |
97. Provision of information relating to persons, conveyances and goods. |
98. Amendment of section 102 (penalties for certain mineral oil tax offences) of Finance Act 1999. |
99. Amendment of section 119 (penalties for certain excise offences) of Finance Act 2001. |
100. Amendment of section 79 (penalties for certain alcohol products tax offences) of Finance Act 2003. |
101. Amendment of section 78 (penalties for certain tobacco products tax offences) of Finance Act 2005. |
102. Amendment of section 130 (interpretation) of Finance Act 1992. |
103. Amendment of section 130B (delegation of certain powers of the Revenue Commissioners) of Finance Act 1992. |
104. Amendment of section 131 (registration of vehicles by Revenue Commissioners) of Finance Act 1992. |
105. Amendment of section 132 (charge of excise duty) of Finance Act 1992. |
106. Amendment of section 135 (temporary exemption from registration) of Finance Act 1992. |
107. Repayment of amounts of vehicle registration tax in respect of the registration of certain new vehicles. |
108. Remission or repayment in respect of vehicle registration tax on certain plug-in hybrid electric vehicles, certain electric vehicles and certain electric motorcycles. |
109. Authorisation of competent persons. |
110. Amendment of section 141 (regulations) of Finance Act 1992. |
111. Return of motor insurance particulars. |
PART 4 |
Value-Added Tax |
112. Interpretation (Part 4). |
113. Amendment of section 1 (interpretation) of Principal Act. |
114. Amendment of section 4B (supplies of immovable goods) of Principal Act. |
115. Amendment of section 4C (transitional measures for supplies of immovable goods) of Principal Act. |
116. Amendment of section 5 (supply of services) of Principal Act. |
117. Amendment of section 8 (accountable persons) of Principal Act. |
118. Amendment of section 10 (amount on which tax is chargeable) of Principal Act. |
119. Amendment of section 10A (margin scheme goods) of Principal Act. |
120. Amendment of section 10B (special scheme for auctioneers) of Principal Act. |
121. Amendment of section 11 (rates of tax) of Principal Act. |
122. Amendment of section 12B (special scheme for means of transport supplied by taxable dealers) of Principal Act. |
123. Amendment of section 12C (special scheme for agricultural machinery) of Principal Act. |
124. Amendment of section 13 (remission of tax on goods exported, etc.) of Principal Act. |
125. Amendment of section 15 (charge of tax on imported goods) of Principal Act. |
126. Amendment of section 16 (duty to keep records) of Principal Act. |
127. Amendment of section 17 (invoices) of Principal... |
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