FINANCIAL RESOLUTION No. 1

EXCISE

Hydrocarbons and Substitute Motor Fuel

(1)  THAT in this Resolution -

“Act of 1997” means the Finance Act, 1997 (No. 22 of 1997);

"Act of 1999" means the Finance Act, 1999 (No. 2 of 1999);

"Act of 2000" means the Finance Act, 2000 (No. 3 of 2000). 

(2)  THAT the rebate of duty on mineral hydrocarbon light oil provided for in section 56 (3) of the Finance Act, 1988 (No. 12 of 1988) shall, as respects mineral hydrocarbon light oil on which it is shown to the satisfaction of the Revenue Commissioners that duty at the rate specified in section 89 (2) of the Finance Act, 1998 (No. 3 of 1998) has been paid on or after 7 December 2000, be calculated at the rate of £86.92 per 1,000 litres and Schedule 2 to the Act of 1999, as inserted by the Act of 2000, is amended by the substitution of "£274.44 per 1,000 litres" for "£294.44 per 1,000 litres" opposite the reference to Light Oil: Unleaded petrol. 

(3)  THAT the duty of excise on hydrocarbon oil imposed by paragraph 12 (1) of the Imposition of Duties (No.221) (Excise Duties) Order, 1975 (S.I. No. 307 of 1975), shall, in lieu of the rate specified in section 82 (5) of the Act of 1997, be charged, levied and paid, as on and from 7 December 2000 at the rate of £196.14 per 1,000 litres and Schedule 2 to the Act of 1999, as inserted by the Act of 2000, is amended by the substitution of "£196.14 per 1,000 litres" for "£256.14 per 1,000 litres" opposite the reference to Heavy Oil: Used as a propellant. 

(4)  THAT the duty of excise on substitute motor fuel imposed by section 116 (2) of the Finance Act, 1995 (No. 8 of 1995), shall, in lieu of the rate specified in section 82 (6) of the Act of 1997, be charged, levied and paid, as on and from 7 December 2000 at the rate of £196.14 per 1,000 litres and Schedule 2 to the Act of 1999, as inserted by the Act of 2000, is amended by the substitution of "£196.14 per 1,000 litres" for "£256.14 per 1,000 litres" opposite the reference to Substitute Fuel: Used as a propellant. 

(5)  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.  2

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);

“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).

(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 Schedule 3 to the Finance Act, 2000 (No. 3 of 2000), be charged, levied and paid, as on and from 1 January 2001 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     …   …

£81.68 per thousand together with an amount equal to 18.89 per cent of the price at which the cigarettes are sold by retail

£124.840 per kilogram

£105.347 per kilogram

£86.609 per kilogram




FINANCIAL RESOLUTION No.  3

VALUE-ADDED TAX

(1)      THAT in this Resolution -

          “Principal Act” means the Value-Added Tax Act, 1972 (No. 22 of 1972);

          “Act of 2000” means the Finance Act, 2000 (No. 3 of 2000).

(2)      THAT -

(a)      the rate of value-added tax on the supply of certain goods and services at present chargeable at the rate of 21 per cent be decreased to 20 per cent of the amount on which tax is chargeable in relation to the supply of such goods and services, and

(b)      the rate of value-added tax on the supply of livestock and live greyhounds and the hire of horses be increased from 4.2 per cent to 4.3 per cent of the amount on which tax is chargeable in relation to the supply of such goods and services,  and

          that, accordingly, subsection (1) (inserted by the Finance Act, 1992 (No. 9 of 1992)) of section 11 of the Principal Act be amended -

(i)       by the substitution in paragraph (a) of  “20 per cent” for “21 per cent”, and

(ii)        by the substitution in paragraph (f) of  “4.3 per cent” for “4.2 per cent” (inserted by the Act of 2000).

(3)      THAT the rate of flat-rate addition to the consideration in respect of the supply of agricultural produce or an agricultural service by a flat-rate farmer be increased from 4.2 per cent to 4.3 per cent, and that, accordingly, section 12A (inserted by the Value-Added Tax (Amendment) Act, 1978 (No. 34 of 1978)) of the Principal Act be amended by the substitution in subsection (1) of  “4.3 per cent” for “4.2 per cent” (inserted by the Act of 2000).

(4)      THAT this Resolution shall have effect as on and from 1 January 2001.

(5)      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.  4

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.