(a) in section 123:
(i) in subsection
(1) —
(I) by substituting
the following for the definitions of card account and cash card:
" 'card account' means an account maintained
by a promoter to which amounts of cash obtained by a person by
means of a cash card are charged or to which amounts in respect
of goods, services or cash obtained by a person by means of a
combined card are charged;
'cash card' means a card, not being a combined
card, issued by a promoter to a person having an address in the
State by means of which cash may be obtained by the person from
an automated teller machine;",
and
(II) by inserting
the following definition after the definition of cash card:
" 'combined card' means a cash card which
also contains the functions of a debit card within the meaning
assigned to it by section 123A;",
(ii) in subsections (2)
and (11)(c) by substituting "cash cards and combined cards" for "cash
cards",
(iii) in subsections
(3)(a), (3)(b) and (9) by substituting "cash card or combined card" for "cash
card",
(iv) in subsection (3)
by substituting the following for paragraph (c):
"(c) if the cash card is a replacement
for a cash card, or a combined card is a replacement for a combined
card, which is already included in the relevant statement,",
and
(v) by substituting the
following for subsection (4):
"(4) There shall be charged on every statement
delivered in pursuance of subsection (2) a stamp duty at the
rate of €10 in respect of each cash card and €20 in respect of
each combined card included in the number of cash cards and combined
cards shown in the statement.",
(b) by inserting the following
section after section 123:
"123A.__ (1)
In this section ___
'accounting period' has
the same meaning as it has for the purposes of section 27 of
the Taxes Consolidation Act, 1997;
'bank' means a person
who holds a licence granted by the Central Bank of Ireland under
section 9 of the Central Bank Act, 1971;
'building society' means
a building society which stands incorporated, or deemed by section
124(2) of the Building Societies Act, 1989, to be incorporated,
under that Act and includes a company registered under section
106 of that Act;
'card account' means
an account maintained by a promoter to which, amongst other possible
amounts, amounts in respect of goods, services or cash obtained
by a person by means of a debit card, within the meaning of this
section, are charged;
'debit card' means
a card, not being a combined card within the meaning assigned
to it by section 123, issued by a promoter to a person having
an address in the State by means of which goods, services or
cash may be obtained by the person and amounts in respect of
the goods, services or cash may be charged to the card account;
'due date' means —
(a) in case of the year
2002, the date of the end of the accounting period ending in
the year 2002, where that date is on or after 5 December 2002,
and
(b) in the case of the
year 2003 and each subsequent year, the date of the end of the
accounting period ending in that year;
'promoter' means
a bank or a building society.
(2) A promoter
shall, within 2 months of the due date falling in the year 2002
and, within 1 month of the due date falling in the year 2003
and each subsequent year, deliver to the Commissioners a statement
in writing showing the number of debit cards issued at any time
by the promoter and which are valid —
(a) in the case of the
year 2002, at any time during the period from 5 December 2002
to the due date,
(b) in the case of the
year 2003, at any time during the accounting period ending in
that year but not before 5 December 2002 where that date falls
within the accounting period, and
(c) in the case of the
year 2004 and each subsequent year, at any time during the accounting
period ending in that year.
(3) Notwithstanding
subsection (2) ___
(a) if the debit card
is not used at any time during any period referred to in paragraph
(a), (b) or (c) of subsection (2),
(b) if the debit card
is issued in respect of a card account ____
(i) which
is a deposit account, and
(ii) the average of the
daily positive balances in the account does not exceed €12.70
in any of the periods referred to in paragraph (a), (b) or (c)
of subsection (2), or
(c) if the debit card
is a replacement for a debit card which is already included in
the relevant statement,
then it shall
not be included in the statement relating to such period.
(4) There shall
be charged on every statement delivered in pursuance of subsection
(2) a stamp duty at the rate of €10 in respect of each debit
card included in the number of cards shown in the statement.
(5) The duty charged by subsection (4)
on a statement delivered by a promoter pursuant to subsection
(2) shall be paid by the promoter on delivery of the statement.
(6) There shall be furnished to the Commissioners
by a promoter such particulars as the Commissioners may deem
necessary in relation to any statement required by this section
to be delivered by the promoter.
(7) In the case of failure by a promoter
to deliver any statement required by subsection (2) within the
time provided for in that subsection or of failure to pay the
duty chargeable on any such statement on the delivery of the
statement, the promoter shall be liable to pay, by means of penalty,
in addition to the duty, interest on the duty at the rate of
0.0322 per cent for each day or part of a day from the date to
which the statement relates (in this subsection referred to as
the 'due date') to the date on which the duty is paid and also,
by means of further penalty, a sum of €380 for each day the duty
remains unpaid after the expiration of one month from the due
date and each penalty shall be recoverable in the same manner
as if the penalty were part of the duty.
(8) The delivery of any statement required
by subsection (2) may be enforced by the Commissioners under
section 47 of the Succession Duty Act, 1853, in all respects
as if such statement were such account as is mentioned in that
section and the failure to deliver such statement were such default
as is mentioned in that section.
(9) A promoter shall be entitled to charge
to the card account the amount of stamp duty payable in respect
of the debit card by virtue of this section and may apply the
terms and conditions governing that account to interest on that
amount.
(10) An account, charge card, company charge
card or supplementary card within the meaning, in each case,
assigned to it by section 124 and which attracts the payment
of the stamp duty payable by virtue of that section shall not
attract the payment of the stamp duty payable by virtue of this
section.
(11) Where a promoter changes its accounting
period and, as a result, stamp duty under this section would
not be chargeable or payable in a year (in this section referred
to as 'the relevant year'), then the following provisions shall
apply:
(a) duty shall be chargeable
and payable in the relevant year as if the accounting period
had not been changed,
(b) duty shall also be
chargeable and payable within one month of the date of the end
of the accounting period ending in the relevant year, and
(c) the duty chargeable
and payable by virtue of paragraph (b) shall, subject to subsection
(3), be chargeable and payable in respect of debit cards issued
at any time by the promoter and which are valid at any time during
the period from the due date as determined by paragraph (a) to
the due date as determined by paragraph (b).", and
(c) in section 124 ___
(i) in subsection
(1)(c) and in subsection (2)(d)(ii), by substituting "€40" for "€19",
and
(ii) in subsection (2)(c),
by substituting "€20" for "€9.50".
(6) It is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
SCHEDULE
STAMP DUTY ON INSTRUMENTS
Part
1
Conveyance
or Transfer on Sale of any property other than stocks or marketable
securities or a policy of insurance or a policy of life insurance
|
"(7) Where the amount or value
of the consideration for the sale which is attributable
to property which is not residential property does not
exceed €10,000 and the instrument contains a statement
certifying that the consideration for the sale is, as
the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly
attributable to residential property,
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration which is attributable to property which
is not residential property exceeds €10,000:
|
|
|
for the consideration which is
attributable to property which is not residential property … … … … … … …
|
Exempt
|
|
(8) Where paragraph (7) does
not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €20,000 and
the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration which is attributable to property which
is not residential property exceeds €20,000 … … … … …
|
1 per cent of the consideration
which is attributable to property which is not residential property
but where the calculation results in an amount which
is not a multiple of €1 the amount so calculated shall
be rounded down to the nearest €.
|
|
(9) Where paragraphs (7) and (8)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €30,000 and
the instrument contains a statement certifying that the
consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration which is attributable to property which
is not residential property exceeds €30,000 … … … … … …
|
2 per cent of the consideration
which is attributable to property which is not residential
property but where the calculation results in an amount
which is not a multiple of €1 the amount so calculated
shall be rounded down to the nearest €.
|
|
(10) Where paragraphs (7) to (9)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €40,000 and
the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration which is attributable to property which
is not residential property exceeds €40,000 … … … … … …
|
3 per cent of the consideration
which is attributable to property which is not residential
property but where the calculation results in an amount
which is not a multiple of €1 the amount so calculated
shall be rounded down to the nearest €.
|
|
(11) Where paragraphs (7) to (10)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €70,000 and
the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly attributable to property
which is not residential property, or
(b) partly attributable to residential
property,
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
which is attributable to property which is not residential
property exceeds €70,000 … … … … … …
|
4 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(12) Where paragraphs (7) to (11)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €80,000 and
the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly attributable to residential
property,
|
|
|
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
which is attributable to property which is not residential
property exceeds €80,000 … … … … … …
|
5 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(13) Where paragraphs (7) to (12)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €100,000
and the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly attributable to residential
property,
|
|
|
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
which is attributable to property which is not residential
property exceeds €100,000 … … … … … …
|
6 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(14) Where paragraphs (7) to (13)
do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €120,000
and the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly attributable to residential
property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration which is attributable to property which
is not residential property exceeds €120,000 … … … … … …
|
7 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(14A) Where paragraphs (7) to
(14) do not apply and the amount or value of the consideration
for the sale which is attributable to property which
is not residential property does not exceed €150,000
and the instrument contains a statement certifying that
the consideration for the sale is, as the case may be—
(a) wholly
attributable to property which is not residential property,
or
(b) partly attributable to residential
property,
|
|
|
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
which is attributable to property which is not residential
property exceeds €150,000 … … … … … …
|
8 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(14B) Where paragraphs (7) to
(14A) do not apply and the amount or value of the consideration
for the sale is wholly
or partly attributable to property
which is not residential property … … … …
|
9 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.".
|
Part
2
Lease
|
"(b) where the consideration, or
any part of the consideration (other than rent), moving
either to the lessor or to any other person, consists
of any money, stock or security, and—
(i) the amount or value of
such consideration which is attributable to property
which is not residential property does not exceed €10,000 and
the lease contains a statement certifying that the consideration
for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds €10,000:
|
|
|
for the consideration which is
attributable to property which is not residential property … … … …
|
Exempt.
|
|
(ii) the amount or value of such
consideration which is attributable to property which
is not residential property does not exceed €20,000 and
the lease contains a statement certifying that the consideration
for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds €20,000
and clause (i) does not apply … … … …
|
1 per cent of the consideration
which is attributable to property which is not residential
property but where the calculation results in an amount
which is not a multiple of €1 the amount so calculated
shall be rounded down to the nearest €.
|
|
(iii) the amount or value of
such consideration which is attributable to property
which is not residential property does not exceed €30,000 and
the lease contains a statement certifying that the consideration
for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds €30,000
and clauses (i) and (ii) do not apply … … …
|
2 per cent of the consideration
which is attributable to property which is not residential
property but where the calculation results in an amount
which is not a multiple of €1 the amount so calculated
shall be rounded down to the nearest €.
|
|
(iv) the amount or value of such
consideration which is attributable to property which
is not residential property does not exceed €40,000
and the lease contains a statement certifying that the
consideration for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds €40,000
and clauses (i) to (iii) do not apply … … … …
|
3 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(v) the amount or value of such
consideration which is attributable to property which
is not residential property does not exceed €70,000 and
the lease contains a statement certifying that the consideration
for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and
that the transaction effected by that instrument does
not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
(other than rent) which is attributable to property which
is not residential property exceeds €70,000 and clauses
(i) to (iv) do not apply … … …
|
4 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(vi) the amount or value of such consideration
which is attributable to property which is not residential
property does not exceed €80,000 and the lease contains
a statement certifying that the consideration for the
lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
(other than rent) which is attributable to property which
is not residential property exceeds €80,000 and clauses
(i) to (v) do not apply … … …
|
5 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(vii) the amount or value of
such consideration which is attributable to property
which is not residential property does not exceed €100,000
and the lease contains a statement certifying that the
consideration for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds
€100,000 and clauses (i) to (vi) do not apply … … … … ..
|
6 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(viii) the amount or value of
such consideration which is attributable to property
which is not residential property does not exceed €120,000
and the lease contains a statement certifying that the
consideration for the lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected
by that instrument does not form part of a larger transaction
or of a series of transactions in respect of which the
amount or value, or the aggregate amount or value, of
the consideration (other than rent) which is attributable
to property which is not residential property exceeds
€120,000 and clauses (i) to (vii) do not apply … … … …
|
7 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(ix) the amount or value of such consideration
which is attributable to property which is not residential
property does not exceed €150,000 and the lease contains
a statement certifying that the consideration for the
lease is, as the case may be—
(I) wholly
attributable to property which is not residential property,
or
(II) partly
attributable to residential property,
|
|
|
and that the transaction effected by that instrument
does not form part of a larger transaction or of a series
of transactions in respect of which the amount or value,
or the aggregate amount or value, of the consideration
(other than rent) which is attributable to property which
is not residential property exceeds €150,000 and clauses
(i) to (viii) do not apply …
|
8 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.
|
|
(x) the amount or value of such
consideration is wholly or partly attributable to property
which is not residential property and clauses (i) to
(ix) do not apply … … … … … ..
|
9 per cent of the consideration which is attributable to property
which is not residential property but where the calculation
results in an amount which is not a multiple of €1 the
amount so calculated shall be rounded down to the nearest
€.".
|
FINANCIAL RESOLUTION No. 5
_________________
EXCISE
_________________
Tobacco
Products
_________________
(1) THAT in this Resolution -
"Act of 1977" means the Finance (Excise Duty
on Tobacco Products) Act, 1977 (No. 32 of 1977);
"Act of 2002" means the Finance Act, 2002 (No.
5 of 2002);
"cigarettes", "cigars", "fine-cut tobacco for
the rolling of cigarettes" and "smoking tobacco" have the same
meanings as they have in the Act of 1977, as amended by section
86 of the Finance Act, 1997 (No. 22 of 1997) and by section 94
of the Act of 2002.
(2) THAT the duty of excise on tobacco
products imposed by section 2 of the Act of 1977 shall, in lieu
of the several rates specified in Part 2 of Schedule 4 to the
Act of 2002, be charged, levied and paid, as on and from 5 December
2002 at the several rates specified in the Schedule to this Resolution.
(3) IT is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
SCHEDULE
Rates
Of Excise Duty On Tobacco Products
|
Description of Product
|
Rate of Duty
|
|
Cigarettes ... ... ...
Cigars ... ... ...
Fine-cut tobacco for the rolling of cigarettes ... … … … … ...
Other smoking tobacco ... … ...
|
€124.94 per thousand together with an
amount equal to 18.46 per cent of the price at which the
cigarettes are sold by retail
€185.701 per kilogram
€156.704 per kilogram
€128.832 per kilogram
|
FINANCIAL RESOLUTION No. 6
___________________________
EXCISE
____________________________
Spirits
____________________________
(1) THAT
in this Resolution "alcohol" means pure ethyl alcohol.
(2) THAT the duty of excise on spirits imposed
by paragraph 4 (2) of the Imposition of Duties (No. 221) (Excise
Duties) Order 1975 (S.I. No. 307 of 1975) shall, in lieu of the
rates specified in the Second Schedule to the Finance Act, 1996
(No. 9 of 1996) as amended by section 240 of, and Part 3 of Schedule
5 to, the Finance Act, 2001 (No. 7 of 2001), be charged, levied
and paid, as on and from 5 December 2002, at the rate of €39.25
per litre of alcohol in the spirits.
(3) IT is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
FINANCIAL
RESOLUTION No. 7
__________________
EXCISE
__________________
Mineral
Oils
__________________
(1) THAT for the purposes of the tax charged
by virtue of section 95 of the Finance Act, 1999 (No. 2 of 1999),
that Act is amended, with effect as on and from 5 December 2002,
by substituting the following for Schedule 2 to that Act, as
amended by section 89 of the Finance Act, 2002 (No. 5 of 2002):
"SCHEDULE 2
Rates of Mineral Oil
Tax
|
Description
of Mineral Oil
|
Rate
of Duty
|
|
Light Oil:
Leaded petrol
Unleaded petrol
Super unleaded petrol
Aviation gasoline
Heavy Oil:
Used as a propellant with a maximum
sulphur content of 50 milligrammes per kilogramme
Other heavy oil used as a propellant
Kerosene used other than as a propellant
Fuel oil
Other heavy oil
Liquefied Petroleum Gas:
Used as a propellant
Other liquefied petroleum gas
Substitute Fuel:
Used as a propellant
Other substitute fuel
|
€511.72
per 1,000 litres
€401.36 per 1,000 litres
€506.47 per 1,000 litres
€255.86 per 1,000 litres
€326.73
per 1,000 litres
€379.12
per 1,000 litres
€31.74
per 1,000 litres
€13.45
per 1,000 litres
€47.36
per 1,000 litres
€53.01
per 1,000 litres
€18.15
per 1,000 litres
€326.73
per 1,000 litres
€47.36
per 1,000 litres
|
".
(2) It is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
FINANCIAL RESOLUTION No. 8
__________
EXCISE
_________
Vehicle
Registration Tax
__________
(1) THAT as respects vehicle registration tax
charged, levied and paid as on and from 1 January 2003, paragraphs
(a) and (aa) (inserted by the Finance Act, 1999 (No. 2 of 1999))
of section 132 (3) of the Finance Act, 1992 (No. 9 of 1992),
be amended by substituting "1,900 cubic centimetres" for "2,000
cubic centimetres".
(2) IT is hereby declared that it is expedient
in the Public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
FINANCIAL RESOLUTION No. 9
____________________
EXCISE
____________________
Vehicle
Registration Tax
____________________
(1) THAT as respects
the remission or repayment of vehicle registration tax payable
or paid on certain hybrid vehicles as provided for by subsection
(1) of section 135C of the Finance Act, 1992 (inserted by section
168 of the Finance Act, 2001) is amended by substituting "31
December 2004" for "31 December 2002".
(2) IT is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No.7 of 1927).
FINANCIAL RESOLUTION No. 10
_________________
VALUE-ADDED TAX
_________________
(1) THAT the rate of value-added tax on
the supply of certain goods and services at present chargeable
at the rate of 12.5 per cent be increased to 13.5 per cent of
the amount on which tax is chargeable in relation to the supply
of such good and services, and that, accordingly, subsection
(1) (inserted by the Finance Act, 1992 (No. 9 of 1992)) of section
11 of the Value-Added Tax Act, 1972 (No. 22 of 1972) be amended
by substituting in paragraph (d) "13.5 per cent" for "12.5 per
cent" (inserted by the Finance Act, 1992).
(2) THAT this Resolution shall have effect
as on and from 1 January 2003.
(3) IT is hereby declared that it is expedient
in the public interest that this Resolution shall have statutory
effect under the provisions of the Provisional Collection of
Taxes Act, 1927 (No. 7 of 1927).
FINANCIAL RESOLUTION No. 11
_________________
GENERAL
_______________
THAT
it is expedient to amend the law relating to inland revenue
(including value-added tax and excise) and to make further
provision in connection with finance.
