Value-Added Tax Act, 1972

Value-Added Tax Act, 1972 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.ie) Translations (Houses of the Oireachtas) Government Publications for Sale EU Law (EUR-Lex) FAQ Disclaimer Feedback Helpdesk Search Baile Reachtaíocht Achtanna an Oireachtais Ionstraimí Reachtúla Reachtaíocht Réamh-1922 Bunreacht Acmhainní Seachtracha Billí (Tithe an Oireachtais) Iris Oifigiúil Achtanna Athbhreithnithe (CAD) (An Coimisiún um Athchóiriú an Dlí) Liosta Rangaithe Reachtaíochta Aistriúcháin (achtanna.ie) Aistriúcháin (Tithe an Oireachtais) Foilseacháin Rialtais ar Díol Dlí AE (EUR-Lex) CCanna (Ceisteanna Coitianta) Séanadh Aiseolas Deasc chabhrach Cuardach TitleTeideal Year(s) or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile ActsAchtanna 1972 Value-Added Tax Act, 1972 Value-Added Tax Act, 1972 Permanent Page URL View by SectionAmharc de réir Ailt View Full ActAmharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRí arna ndéanamh faoin Acht Print Full ActPriontáil an tAcht Iomlán Number 22 of 1972 VALUE-ADDED TAX ACT, 1972 ARRANGEMENT OF SECTIONS Section 1. Interpretation. 2. Charge of value-added tax. 3. Delivery of goods. 4. Special provisions in relation to the delivery of immovable goods. 5. Rendering of services. 6. Exemptions. 7. Waiver of exemption. 8. Accountable persons. 9. Registration. 10. Amount on which tax is chargeable. 11. Rates of tax. 12. Deduction for tax borne or paid. 13. Special provisions for tax invoiced by farmers and fishermen. 14. Payment based on cash receipts. 15. Charge of tax on imported goods. 16. Duty to keep records. 17. Invoices. 18. Inspection and removal of records. 19. Tax due and payable. 20. Refund of tax. 21. Interest. 22. Estimation of tax due for a taxable period. 23. Estimation of tax due for any period. 24. Recovery of tax. 25. Appeals. 26. Penalties generally. 27. Fraudulent returns, etc. 28. Assisting in making incorrect returns, etc. 29. Proceedings in High Court in respect of penalties. 30. Time limits. 31. Application of section 512 of the Income Tax Act, 1967. 32. Regulations. 33. Officer responsible in case of body of persons. 34. Relief for stock-in-trade held on the specified day. 35. Special provisions for adjustment and recovery of consideration. 36. Special provisions for deliveries made prior to the specified day. 37. Substitution of agent, etc., for person not resident in State. 38. Extension of certain Acts. 39. Consequential adjustments in regard to capital allowances. 40. Increase of excise duty on betting. 41. Repeals. 42. Collection of tax. 43. Care and management of tax. 44. Short title. FIRST SCHEDULE Exempted Activities SECOND SCHEDULE Goods and Services Chargeable at the Rate of Zero per cent. THIRD SCHEDULE PART I Goods Chargeable at the Rate of 5·26 per cent. PART II Services Chargeable at the Rate of 5·26 per cent. FOURTH SCHEDULE Goods Chargeable at the Rate of 30·26 per cent. FIFTH SCHEDULE Enactments Repealed Acts Referred to Income Tax Act, 1967 1967, No. 6 Customs-free Airport Act, 1947 1947, No. 5 Harbours Act, 1946 1946, No. 9 Local Government Act, 1941 1941, No. 23 Health Act, 1970 1970, No. 1 Finance Act, 1920 1920, c. 18 Finance Act, 1963 1963, No. 23 Customs Consolidation Act, 1876 1876, c. 30 Finance (Miscellaneous Provisions) Act, 1958 1958, No. 28 Customs and Inland Revenue Act, 1879 1879, c. 21 Finance Act, 1933 1933, No. 21 Finance Act, 1952 1952, No. 14 Companies Act, 1963 1963, No. 33 Court Officers Act, 1945 1945, No. 25 Petty Sessions (Ireland) Act, 1851 1851, c. 93 Courts of Justice Act, 1924 1924, No. 10 Finance (No. 2) Act, 1966 1966, No. 22 Finance (No. 2) Act, 1968 1968, No. 37 Finance Act, 1969 1969, No. 21 Finance Act, 1970 1970, No. 14 Finance (No. 2) Act, 1970 1970, No. 21 Provisional Collection of Taxes Act, 1927 1927, No. 7 Imposition of Duties Act, 1957 1957, No. 7 Inland Revenue Regulation Act, 1890 1890, c. 21 Stamp Act, 1891 1891, c. 39 Finance Act, 1971 1971, No. 23 Finance Act, 1926 1926, No. 35 Finance Act, 1931 1931, No. 31 Finance Act, 1956 1956, No. 22 Fertilisers, Feeding Stuffs and Mineral Mixtures Act, 1955 1955, No. 8 Number 22 of 1972 VALUE-ADDED TAX ACT, 1972 AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [26th July, 1972] BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: Interpretation. 1.—(1) In this Act, save where the context otherwise requires— “accountable person” means a person who is an accountable person in accordance with section 8. “Appeal Commissioners” means persons appointed in accordance with section 156 of the Income Tax Act, 1967 , to be Appeal Commissioners for the purposes of the Income Tax Acts; “body of persons” means any body politic, corporate, or collegiate, and any company, partnership, fraternity, fellowship and society of persons, whether corporate or not corporate; “business” includes farming, the promotion of dances and any trade, commerce, manufacture, or any venture or concern in the nature of trade, commerce or manufacture, and any profession or vocation, whether for profit or otherwise; “Collector-General” means the Collector-General appointed under section 162 of the Income Tax Act, 1967 ; “the customs-free airport” means the land which under the Customs-free Airport Act, 1947 , for the time being constitutes the Customs-free airport; “development”, in relation to any land, means— (a) the construction, demolition, extension, alteration or reconstruction of any building on the land, or (b) the carrying out of any engineering or other operation in, on, over or under the land to adapt it for materially altered use, and “developed” shall be construed correspondingly; “established” means having a permanent establishment; “exempted activity” means— (a) a delivery of immovable goods in respect of which pursuant to section 4 (6) tax is not chargeable, and (b) a delivery of any goods or a rendering of any service of a kind specified in the First Schedule or declared by the Minister by order for the time being in force under section 6 to be an exempted activity; “goods” means all movable and immovable objects, but does not include things in action or money and references to goods include references to both new and second-hand goods; “harbour authority” has the meaning assigned to it by section 2 of the Harbours Act, 1946 ; “hire”, in relation to movable goods, includes a letting on any terms including a leasing; “hotel” includes any guest house, holiday hostel, holiday camp, motor hotel, motel, coach hotel, motor inn, motor court, tourist court, caravan park or camping site; “immovable goods” means land; “inspector of taxes” means an inspector of taxes appointed under section 161 of the Income Tax Act, 1967 ; “livestock” means live cattle, sheep, pigs and horses; “local authority” has the meaning assigned to it by section 2 (2) of the Local Government Act, 1941 , and includes a health board established under the Health Act, 1970 ; “manufacturer” means a person who carries on in the State a business of making or assembling goods; “the Minister” means the Minister for Finance; “movable goods” means goods other than immovable goods; “permanent establishment” means any fixed place of business, but does not include a place of business of an agent of a person unless the agent has and habitually exercises general authority to negotiate the terms of and make agreements on behalf of the person or has a stock of goods with which he regularly fulfils on behalf of the person agreements for the supply of goods; “registered person” means a person who is registered in the register maintained under section 9; “regulations” means regulations under section 32; “rendering”, in relation to a service, has the meaning assigned to it by section 5; “residing”, in relation to an individual, means resident for the purposes of the Income Tax Acts; “second-hand”, in relation to goods, means goods which have been used and are not new; “secretary” includes such persons as are mentioned in section 207 (2) of the Income Tax Act, 1967 , and section 55 (1) of the Finance Act, 1920 ; “the specified day” means the day appointed by the Minister by order to be the specified day for the purposes of this Act; “tax” means value-added tax chargeable by virtue of this Act; “taxable goods”, in relation to any delivery or importation, means goods the delivery of which is not an exempted activity; “taxable period” means a period of two months beginning on the first day of January, March, May, July, September or November; “taxable services” means services the rendering of which is not an exempted activity. (2) In this Act references to moneys received by a person include references to— (a) money lodged or credited to the account of the person in any bank, savings bank, building society, hire purchase finance concern or similar financial concern, and (b) money, other than money referred to in paragraph (a), which, under an agreement, other than an agreement providing for discount or a price adjustment made in the ordinary course of business or an arrangement with creditors, has ceased to be due to the person, and money lodged or credited to the account of a person as aforesaid shall be deemed to have been received by the person on the date of the making of the lodgment or credit and money which has ceased to be due to a person as aforesaid shall be deemed to have been received by the person on the date of the cesser. (3) Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended or extended by any subsequent enactment. (4) In this Act— (a) a reference to a section or Schedule is to a section or Schedule of this Act, unless it is indicated that reference to some other enactment is intended, and (b) a reference to a subsection, paragraph or subparagraph is to the subsection, paragraph or subparagraph of the provision (including a Schedule) in which the reference occurs, unless it is indicated that reference to some other provision is intended. Charge of value-added tax. 2.—(1) With effect on and from the specified day a tax, to be called value-added tax, shall, subject to this Act and regulations, be charged, levied and paid— (a) on the delivery of goods and the rendering of services delivered or rendered by an accountable person in the course of business, and (b) on goods imported into the State. (2) In the case of a person authorised in accordance with section 14 to treat the moneys which he has received for the rendering of taxable services or for the delivery of taxable goods and the rendering of taxable services (if any) as the consideration in respect of any such rendering or delivery, subsection (1) shall apply, in relation to any rendering of services or any delivery of goods and rendering of services in respect of which he is so authorised, as if references in that subsection to the delivery of goods or the rendering of services were references to the receipt of moneys in respect of such delivery or rendering, whether the delivery or rendering was or is made or effected before, on or after the said specified day. Delivery of goods. 3.—(1) In this Act “delivery”, in relation to goods, shall include— (a) the transfer of ownership of the goods by agreement, (b) the handing over of the goods to a person pursuant to an agreement which provides for the renting of the goods for a certain period subject to a condition that ownership of the goods shall be transferred to the person on a date not later than the date of payment of the final sum under the agreement, (c) the handing over by a person (in this paragraph referred to as the contractor) to another person of the goods, being goods which he has developed, constructed, manufactured, produced or extracted from goods entrusted to him by that other person for the purpose of any of those operations, whether or not the contractor has supplied a part of the goods used, (d) the transfer of ownership of the goods pursuant to— (i) their acquisition, otherwise than by agreement, by or on behalf of the State or a local authority, or (ii) their seizure by any person acting under statutory authority, (e) the use by an accountable person for the purposes of his business, other than as stock-in-trade (within the meaning of section 34) of the goods, being goods developed, constructed, manufactured, produced, extracted or imported by him or by another person on his behalf, and (f) the appropriation by an accountable person for any purpose other than the purpose of his business of the goods, being goods which were delivered to him, or which were developed, constructed, manufactured, produced, extracted or imported by him in the course of business, and cognate words shall be construed accordingly. (2) If three or more persons enter into agreements concerning the same goods and fulfil those agreements by a direct delivery of the goods by the first person in the chain of sellers and buyers to the last buyer, then the delivery to such last buyer shall be deemed, for the purposes of this Act, to constitute a simultaneous delivery by each seller in the chain. (3) The sale by auction of goods, being vegetables, fruit, flowers, poultry, eggs or fish shall be deemed, for the purposes of this Act, to constitute a delivery of the goods to and simultaneously by the auctioneer. (4) The sale of goods through a person (in this subsection referred to as the agent) who, while purporting to act on his own behalf, concludes agreements in his own name but on the instructions of and for the account of another person shall be deemed, for the purposes of this Act, to constitute a delivery of the goods to and simultaneously by the agent. (5) (a) The transfer of ownership of goods pursuant to a contract of the kind referred to in subsection (1) (b) shall be deemed, for the purposes of this Act, not to be a delivery of the goods. (b) The transfer of ownership of goods— (i) as security for a loan or debt, or (ii) where the goods are held as security for a loan or debt, upon repayment of the loan or debt, or (iii) in connection with the transfer of a business or part thereof to another accountable person, shall be deemed, for the purposes of this Act, not to be a delivery of the goods unless the goods are goods of a kind specified in the Fourth Schedule and the delivery of the goods is one in relation to which tax at the rate of 30·26 per cent. is chargeable. (6) The place where goods are delivered shall be deemed, for the purposes of this Act, to be— (a) in case the delivery of the goods requires their transportation, the place where the transportation begins, and (b) in any other case, the place where the goods are located at the time of the delivery. Special provisions in relation to the delivery of immovable goods. 4.—(1) (a) This section applies to immovable goods— (i) which have been developed by or on behalf of the person delivering them, or (ii) in respect of which the person delivering them was, or would, but for the operation of section 3 (5) (b) (iii), have been at any time entitled to claim a deduction under section 12 for any tax borne or paid in relation to a delivery or development of them. (b) In this section “interest”, in relation to immovable goods, means an estate or interest therein which, when it was created, was for a period of at least ten years but does not include a mortgage, and a reference to the disposal of an interest includes a reference to the creation of an interest. (2) Subject to section 2 (2), paragraphs (c), (d), (e) and (f) of section 3 (1), section 19 (2) and subsections (3), (4) and (5), a delivery of immovable goods shall be deemed, for the purposes of this Act, to take place if, but only if, a person having an interest in immovable goods to which this section applies disposes, as regards the whole or any part of those goods, of that interest or of an interest which derives therefrom. (3) (a) Subject to paragraph (b), where a person having an interest in immovable goods to which this section applies surrenders possession of those goods or of any part thereof in such circumstances that the surrender does not constitute a delivery of the goods for the purposes of subsection (2), the surrender shall be deemed, for the purposes of section 3 (1) (f), to be an appropriation of the goods or of the part thereof, as the case may be, for a purpose other than the purpose of his business. (b) This subsection shall not apply to— (i) any such surrender of possession made in accordance with an agreement for the leasing or letting of the goods if the person surrendering possession is chargeable to tax in respect of the rent or other payment under the agreement, or (ii) a surrender in connection with a transfer which, in accordance with section 3 (5), is declared, for the purposes of this Act, not to be a delivery. (4) Where a person having an interest in immovable goods to which this section applies disposes, as regards the whole or any part of those goods, of an interest which derives from that interest in such circumstances that he retains the reversion on the interest disposed of he shall, in relation to the reversion so retained, be deemed, for the purposes of section 3 (1) (f), to have made an appropriation of the goods or of the part thereof, as the case may be, for a purpose other than the purpose of his business. (5) Where an accountable person disposes of an interest in immovable goods to which this section applies or carries out any development in relation to such immovable goods and in connection with that disposal or carrying out of development some other person who would not, apart from this subsection, be regarded as an accountable person, disposes of an interest in relation to the goods concerned— (a) that other person shall, in relation to the disposal by him, be deemed to be an accountable person, and (b) the disposal shall be deemed to be a delivery, made in the course of business, of goods which that other person has developed. (6) Notwithstanding anything in this section or in section 2 tax shall not be charged on the delivery of immovable goods— (a) in relation to which a right in favour of the person making the delivery to a deduction under section 12 in respect of any tax borne or paid on the delivery or development of the goods did not arise and would not, apart from section 3 (5) (b) (iii), have arisen, or (b) which had been occupied before the specified day and had not been developed between that date and the date of the delivery. (7) The provisions of section 8 (3) shall not apply in relation to a person who makes a delivery of goods to which this section applies. Rendering of services. 5.—(1) In this Act the “rendering”, in relation to a service, means the performance or omission of any act or the toleration of any situation, other than the delivery of goods. (2) The rendering of a service by a person for the purposes of any business activity in which he engages shall, subject to regulations, be deemed, for the purposes of this Act, to be the rendering of a service in the course of business. (3) The place where a service is rendered shall be deemed, for the purposes of this Act, to be the place where the act is performed or the situation is tolerated or, in the case of the omission of an act, the place where the person responsible for the omission resides or is established: Provided that in the case of a service rendered by a person who, by virtue of section 8 (8), is not an accountable person to an unregistered person residing or established within the State, the following provisions shall apply if the service is rendered for the purposes of any business activities of the unregistered person carried on within the State: (a) the service shall be deemed to be rendered at the place where the person to whom it is rendered resides or is established, and (b) the person to whom the service is rendered shall, in relation to the said service, be an accountable person and shall be accountable for and liable to pay the tax charged under section 2 (1) (a) in respect of such rendering. (4) (a) A person who satisfies the Revenue Commissioners— (i) that he is engaged in business, (ii) that by virtue of section 8 (8) he is not an accountable person, (iii) that he has suffered tax on services rendered to him within the State for the purposes of the said business, and (iv) that the said services were not rendered to him in his capacity as agent for or otherwise on behalf of, and were not used by him in the course of rendering services to, another person residing or established within the State who, if the first-mentioned services had been rendered directly to that other person, would not be entitled to a deduction under section 12 in respect of the tax borne or paid in respect of them, shall, subject to paragraph (b) and section 20, be entitled to be repaid the tax borne on the services. (b) The provisions of section 12 (3) shall apply in relation to a computation under this section of the amount of tax repayable to a person as if the person were an accountable person and the computation related to a claim for a deduction under the said section 12. (5) (a) Notwithstanding anything in subsection (1), where the value of movable goods supplied under an agreement for the rendering of services exceeds two-thirds of the total consideration under the agreement for the supply of those goods and the rendering of the services, other than transport services, in relation to them, such consideration shall be deemed, for the purposes of this Act, to be referable solely to the delivery of the goods and tax shall be charged at the appropriate rate or rates specified in section 11 on the basis of any apportionment of such total consideration made in accordance with paragraph (b). (b) Where goods of different kinds are supplied under an agreement of the kind referred to in paragraph (a), the amount of the consideration referable to the delivery of goods of each kind shall be ascertained for the purposes of that paragraph by apportioning the total consideration in proportion to the value of the goods of each kind supplied under the agreement. Exemptions. 6.—(1) Tax shall not be chargeable in respect of any exempted activity. (2) (a) The Minister may by order declare the delivery of goods of any kind or the rendering of a service of any kind to be an exempted activity. (b) The Minister may by order amend or revoke an order under this subsection, including an order under this paragraph. (c) An order under this subsection shall be laid before Dáil Éireann as soon as may be after it is made and, if a resolution annulling the order is passed by Dáil Éireann within the next twenty-one days on which Dáil Éireann has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. Waiver of exemption. 7.—(1) Where, but for the provisions of section 6, tax would be chargeable in respect of the rendering of any of the services specified in paragraphs (iv) and (x) of the First Schedule, a person rendering any such services may, in accordance with regulations, waive his right to exemption from tax in respect thereof. Any such waiver shall extend to all the services specified in the paragraph or paragraphs that the person renders. (2) A waiver of exemption under subsection (1) shall have effect from the commencement of such taxable period as may be agreed between the person making the waiver and the Revenue Commissioners and shall cease to have effect at the end of the taxable period during which it is cancelled in accordance with subsection (3). (3) Provision may be made by regulations for the cancellation, at the request of a person, of a waiver made by him under subsection (1) and for the payment by him to the Revenue Commissioners as a condition of cancellation of such sum (if any) as when added to the net total amount of tax (if any) paid by him in accordance with section 19 in relation to the rendering of services by him in the period for which the waiver had effect is equal to the amount of tax repaid to him during such period in respect of tax borne or paid in relation to the rendering of such services. (4) Where exemption has been waived under subsection (1) in respect of the rendering of any service, tax shall be charged in relation to the person making such waiver during the period for which such waiver has effect as if the service to which the waiver applies was not specified in the First Schedule. Accountable persons. 8.—(1) In this section references to a farming business or a fishing business do not include references to— (a) the operation of a nursery or garden for the sale of produce, (b) commercial production of poultry or eggs, (c) fur farming, or (d) fish farming. (2) Subject to subsection (3), a person who, otherwise than as the employee of another person, engages in the delivery of taxable goods or the rendering of taxable services in the course of business, whether or not for profit, shall, in addition to the persons referred to in section 4 (5), be an accountable person and shall be accountable for and liable to pay the tax charged under section 2 (1) (a) in respect of such delivery or rendering. The State and a local authority shall also be deemed, for the purposes of this Act, to be accountable persons in relation to the provision by them of any of the services specified in paragraph (x) of the Second Schedule. (3) The following persons shall not, unless they otherwise elect and then only during the period for which such election has effect, be deemed, for the purposes of this Act, to be accountable persons— (a) a person whose deliveries of taxable goods or rendering of taxable services in the course of business consist exclusively of— (i) deliveries of goods of a kind specified in paragraphs (i) to (iv), (vi), subparagraphs (d) and (r) of paragraph (x) and paragraphs (xv), (xxii) and (xxiii) of Part 1 of the Third Schedule which he has produced in the course of a farming business, or caught in the course of a fishing business, (ii) deliveries of machinery, plant or other equipment which has been used by him in the course of a farming or a fishing business, (iii) rendering of cultivating, fertilising, sowing, harvesting or similar agricultural services, and (iv) deliveries of goods and rendering of services other than those referred to in subparagraphs (i) to (iii) the total consideration for which has not exceeded and is not likely to exceed £1,800 in any period consisting of six consecutive taxable periods; (b) (i) subject to subparagraph (ii), a person for whose delivery of taxable goods and rendering of taxable services the total consideration has not exceeded and is not likely to exceed £2,000 in any taxable period, (ii) subparagraph (i) shall apply if, but only if, not less than 90 per cent. of the total consideration referred to therein is derived from the delivery of taxable goods which the person therein referred to has imported or which have been delivered to him by other accountable persons and not less than 50 per cent. of such consideration is derived from the delivery of goods and the rendering of services chargeable with tax at the rate of 5·26 per cent.; (c) (i) subject to subparagraph (ii), a person for whose delivery of taxable goods and rendering of taxable services the total consideration has not exceeded and is not likely to exceed £1,000 in any taxable period, (ii) subparagraph (i) shall apply if, but only if, not less than 90 per cent. of the total consideration referred to therein is derived from the delivery of taxable goods; (d) a person, other than a person to whom paragraph (a), (b) or (c) applies, for whose delivery of taxable goods and rendering of taxable services the total consideration has not exceeded and is not likely to exceed £300 in any taxable period. (4) Where, by virtue of subsection (3) or (6), a person has not been an accountable person and a change of circumstances occurs which continues beyond the end of the taxable period next after the taxable period or the period referred to in subsection (3) (a) (iv), as the case may be, during which such change occurs whereby he can no longer be deemed, for the purposes of this Act, not to be an accountable person by virtue of either of those subsections, he shall be deemed, for those purposes, to be an accountable person immediately after the end of the first mentioned taxable period. (5) Provision may be made by regulation for the cancellation, at the request of a person, of an election made by him under this section and for the payment by him to the Revenue Commissioners of such a sum as a condition of cancellation as when added to the net total amount of tax (if any) paid by him in accordance with section 19 in relation to the delivery of goods or the rendering of services by him in the period for which the election had effect is equal to the amount of tax repaid to him during such period in respect of tax borne or paid in relation to the delivery of such goods or the rendering of such services. (6) An accountable person, other than a person to whom subsection (5) applies, may, in accordance with regulations, at his request, be treated, for the purposes of this Act, as a person who is not an accountable person if— (a) he satisfies the Revenue Commissioners that his turnover— (i) is permanently of such a character that, in the absence of an election in that behalf, he would not be an accountable person in accordance with the provisions of subsection (3) (a), or (ii) has fallen below and remains permanently below such amount as may be appropriate in the particular case having regard to subsection (3) (b), (3) (c) or (3) (d), and (b) he pays to the Revenue Commissioners such a sum as when added to the net total amount of tax (if any) paid by him in accordance with section 19 in relation to the delivery of goods or the rendering of services by him in respect of the period for which he was an accountable person is equal to the amount of tax repaid to him during such period in respect of tax borne or paid in relation to the delivery of such goods or the rendering of such services, and he shall be treated, for the purposes of this Act, as a person who is not an accountable person immediately after the end of the period in relation to which the provisions of this subsection are complied with by him. (7) Where goods are supplied or services are provided by a club or other similar organisation in respect of a payment of money by any of its members, then, for the purposes of this Act— (a) the supply of the goods shall be deemed, for the purposes of this Act, to be a delivery of the goods in the course of business, the money shall be deemed, for the said purposes, to be consideration for the delivery and the club or other organisation shall be deemed, for the said purposes, to be the person making the delivery, and (b) the provision of the services shall be deemed, for the said purposes, to be a rendering of the services in the course of business. (8) Notwithstanding anything in this section a person— (a) who does not deliver taxable goods or render taxable services within the State, and (b) who is not residing or established in the State, shall not be an accountable person. (9) Provision may be made by regulation whereby, if the Revenue Commissioners are satisfied that the business activities of two or more accountable persons are so interlinked that it would be expedient, in the interests of efficient administration of the tax to do so, then, at the request of the accountable persons concerned— (a) those activities may be deemed, for the purposes of this Act, to be carried on by any one of the persons and all transactions by or between such persons shall be deemed, for those purposes, to be transactions by that one person and all other rights and obligations under this Act shall be determined accordingly, and (b) each such person may be made jointly and severally liable to comply with all the provisions of this Act and regulations (including the provisions requiring the payment of tax) that apply to those persons and subject to the penalties under this Act to which they would be subject if each such person was liable to pay to the Revenue Commissioners the whole of the tax chargeable, apart from regulations under this subsection, in respect of all such persons. Registration. 9.—(1) The Revenue Commissioners shall set up and maintain a register of persons who may become or who are accountable persons and shall allot to every such person so registered a registration number and shall cancel such number if the person does not become or ceases to be an accountable person. (2) Every person who on the appointed day or on any day thereafter would be an accountable person if tax were chargeable with effect as on and from the appointed day shall, within the period of thirty days beginning on the appointed day or on the day thereafter on which the person first becomes an accountable person or would become such a person if tax were chargeable as aforesaid, furnish in writing to the Revenue Commissioners the particulars specified in regulations as being required for the purpose of registering such person for tax. (3) Any person who on the appointed day was registered for the purposes of turnover tax on the basis of particulars furnished in accordance with section 49 (2) of the Finance Act, 1963 , shall be deemed, unless he notifies the Revenue Commissioners in writing that he does not wish to be so deemed, to have furnished the particulars required by subsection (2). (4) In this section “the appointed day” means the day appointed by the Minister by order to be the appointed day for the purpose of this section. Amount on which tax is chargeable. 10.—(1) The amount on which tax is chargeable by virtue of section 2 (1) (a) shall, subject to this section, be the total consideration which the person delivering goods or rendering services becomes entitled to receive in respect of or in relation to such delivery of goods or rendering of services, including all taxes, commissions, costs and charges whatsoever, but not including value-added tax chargeable in respect of the transaction. (2) If the consideration referred to in subsection (1) does not consist of or does not consist wholly of an amount of money, the amount on which tax is chargeable shall, subject to subsection (6), be the total amount of money which might reasonably be expected to be charged if the consideration consisted entirely of an amount of money equal to the open market price: Provided that in computing the total amount on which tax is chargeable as aforesaid a deduction may be made for the open market price of movable goods given in exchange or part exchange for goods of the same kind. (3) Notwithstanding anything in subsection (1) or (2)— (a) if for any non-business reason the actual consideration in relation to the delivery of any goods or the rendering of any services is less than that which might reasonably be expected to be received if the consideration were an amount equal to the open market price or there is no consideration, the amount on which tax is chargeable shall be the open market price, (b) if the consideration actually received exceeds the amount which the person delivering the goods or rendering the services was entitled to receive, the amount on which tax is chargeable shall be the amount actually received, excluding value-added tax chargeable in respect of the transaction, and (c) if, in a case not coming within paragraph (a), the consideration actually received in relation to the delivery of any goods or the rendering of any services is less than the amount on which tax is chargeable or no consideration is actually received, such relief may be given by repayment or otherwise in respect of the deficiency as may be provided for by regulation. (4) The amount on which tax is chargeable in relation to deliveries referred to in paragraphs (d) (ii), (e) and (f) of section 3 (1) shall be the cost to the person making the delivery of acquiring or producing the goods excluding the tax which would be deductible under section 12 if the deliveries in question were made in the course of business. (5) The amount on which tax is chargeable in respect of the rendering of services referred to in section 5 (2) shall be the cost, excluding tax, of providing the services. (6) Notwithstanding anything in subsection (2), if the consideration for the delivery of any goods or the rendering of any services consists solely of the surrender of stamps, coupons or other tokens, and the goods or services are of a kind which the person to whom the stamps, coupons or other tokens are surrendered does not deliver or render except in relation to the operation of a scheme under which the said surrender is made, the amount on which tax is chargeable shall be the cost, excluding tax, to the person aforesaid of producing or acquiring the goods or rendering the services, as the case may be. (7) The amount on which tax is chargeable by virtue of section 2 (1) (a) on the delivery of livestock shall be 19.20 per cent. of the total consideration referred to in subsection (1). (8) On the delivery of immovable goods, other than deliveries to which section 4 (6) relates, and on the rendering of services consisting of the development of immovable goods, including the installation of fixtures, or the maintenance and repair of those goods— (a) the value of any interest in the goods disposed of in connection with the delivery thereof or the rendering of services as aforesaid, shall be included in the consideration, (b) if the value of movable goods supplied in pursuance of the agreement for making the delivery aforesaid or rendering any of the services aforesaid does not exceed two-thirds of the total consideration referred to in subsection (1), the amount on which tax is chargeable shall be 60 per cent. of such total consideration, and (c) (i) if the value of movable goods supplied under the agreement aforesaid exceeds two-thirds of the total consideration, such consideration shall be deemed, for the purposes of this Act, to be referable solely to the delivery of such goods and tax shall be charged at the appropriate rate or rates specified in section 11 on the basis of any apportionment of such total consideration made in accordance with subparagraph (ii), and (ii) where goods of different kinds are supplied under the agreement referred to in subparagraph (i), the amount of the consideration referable to the delivery of goods of each such kind shall be ascertained in the manner specified in section 5 (5) (b). (9) (a) The value of any interest in immovable goods shall be the open market price of such interest. (b) In this section— “interest”, in relation to immovable goods, and “disposal”, in relation to any such interest, shall be construed in accordance with section 4 (1), and “the open market price”, in relation to the delivery of any goods or the rendering of any services, means the price, excluding tax, which the goods might reasonably be expected to fetch or which might reasonably be expected to be charged for the services if sold or rendered in the open market at the time of the event in question. Rates of tax. 11.—(1) Tax shall, subject to subsection (2), be charged at whichever of the following rates is appropriate in any particular case— (a) 5·26 per cent. of the appropriate amount of any consideration, other than consideration to which paragraph (b) applies, which relates to the delivery of goods or the rendering of services of a kind specified in the Third Schedule, (b) 11·11 per cent. of the appropriate amount of any consideration which relates to the promotion of dances and the delivery (if any) of goods of a kind specified in the Third Schedule and the rendering (if any) of services which but for this paragraph would be chargeable at the rate of 5·26 per cent. delivered or rendered in connection with dances, where payment of the consideration for such delivery or rendering is included in the consideration in respect of admission to the dance or is a condition of admission, (c) 30·26 per cent. of the appropriate amount of any consideration which relates to the delivery of goods of a kind specified in the Fourth Schedule, (d) zero per cent. of the appropriate amount of any consideration which relates to the delivery of any goods in the circumstances specified in paragraph (i) or (v) of the Second Schedule or the delivery of goods of a kind specified in paragraphs (vi) to (viii) of that Schedule or the rendering of services of a kind specified in that Schedule, and (e) 16·37 per cent. of the appropriate amount of any consideration which relates to the delivery of any other goods or the rendering of any other services. (2) Where goods which are of a kind specified in the Fourth Schedule and which— (a) were imported, or sold in the State, before the specified day in such circumstances that wholesale tax was chargeable or would have been chargeable if that tax had been in force on the date of the importation or sale, or (b) were imported or delivered on any previous occasion on or after that date in such circumstances that tax at the rate of 30·26 per cent. was chargeable in relation to such importation or delivery, are delivered within the State on or after the specified day by a person other than a manufacturer of goods of the kind so delivered, tax shall be charged at the rate of 5·26 per cent. of the appropriate amount of the consideration for such delivery. (3) Subject to sections 5 (5) and 10 (8) (c), where— (a) goods of different kinds or services of different kinds or goods, whether or not of different kinds, and services, whether or not of different kinds, are delivered, or rendered, or delivered and rendered, for a consideration that is referable to the transaction as a whole and not separately to the different kinds of goods or goods and services, and (b) but for this subsection, tax would fall to be charged at two or more rates in respect of the transaction. tax shall be chargeable in respect of the transaction at the rate which is the higher or highest rate that, but for this subsection, would be chargeable in relation to any of the goods or services, as the case may be. (4) Where goods for the manufacture of which materials have been supplied by or on behalf of any person are delivered by the manufacturer to that person and the rate of tax chargeable in relation to the delivery of the goods exceeds that chargeable in relation to the delivery of the materials, the person who delivers the goods shall be liable, in addition to any other liability imposed on him by this Act, to pay tax on the value of the materials supplied to him, at a rate equivalent to the difference between the two aforementioned rates. (5) Where, in relation to an agreement of the kind referred to in section 3 (1) (b), the accountable person in respect of the tax chargeable on any portion of the consideration is a person other than the person who delivered the goods to which the agreement relates, the rate of tax at which the said portion of the consideration shall be chargeable shall be the rate applicable to the delivery of the goods in question. (6) Where immovable goods consisting of machinery or business installations are let separately from other immovable goods of which they form part, tax shall be chargeable in respect of the transaction at the rate which would be chargeable if it were a hiring of movable goods of the same kind. (7) The following provisions shall have effect for the purposes of subsection (1) (b): (a) sections 8 (3) and 14 shall not apply to a person in so far as he is chargeable with tax at the rate specified in the said subsection (1) (b); (b) the “appropriate amount of any consideration” shall be the total amount of money, excluding tax, received or receivable from persons admitted to a dance in respect of admission, together with, in case goods are delivered or services are rendered, or both goods are delivered and services are rendered, in connection with the dance, and payment of the consideration therefor is a condition of admission and is not included in the consideration in respect of admission, the total amount of money received or receivable in respect thereof; (c) every person who intends to promote a dance or a series of dances shall notify the Revenue Commissioners in accordance with regulations of his intention to do so; (d) the proprietor of any premises shall not promote a dance therein, or allow a dance to be promoted therein by any other person, unless he has received notice from the Revenue Commissioners that they have been notified in accordance with paragraph (c); (e) paragraphs (a) to (d) and subsection (1) (b) shall not apply in any case in which the number of persons to be admitted to the dance is limited to one hundred and the consideration for admission does not exceed twenty new pence. (8) (a) The Minister may by order declare that the rate at which tax shall be charged on the delivery or the importation of goods of any kind, or on the rendering of services of any kind, shall be a rate specified in subsection (1) which is lower than the rate at which, but for the order, tax would be charged. (b) The Minister may by order amend or revoke an order under this subsection, including an order under this paragraph. (c) An order under this subsection shall be laid before Dáil Éireann as soon as may be after it has been made and, if a resolution annulling the order is passed by Dáil Éireann within the next twenty-one days on which Dáil Éireann has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. (9) Subject to subsection (7), in this section “appropriate amount of any consideration” means the amount, as ascertained in accordance with section 10, on which tax is chargeable. Deduction for tax borne or paid. 12.—(1) In computing the amount of tax payable by an accountable person in respect of any taxable period there may be deducted— (a) the tax charged to him during such period by other accountable persons by means of invoices, prepared in the manner prescribed by regulations, in respect of deliveries of goods made or services rendered to him, (b) the tax charged to him during such period by means of invoices, prepared in the manner prescribed by regulations and issued by persons authorised in accordance with section 13 to issue such invoices, in respect of deliveries of goods made or services rendered to him, (c) the tax paid by him during such period in respect of goods imported by him, (d) the tax chargeable during such period in respect of goods used for the purposes of his business and treated as delivered in accordance with section 3 (1) (e), and (e) the tax chargeable during such period in respect of services rendered by him for the purposes of his own business and deemed under section 5 (2), for the purposes of this Act, to be rendered in the course of business: Provided that, in relation to the delivery or importation of any goods of a kind specified in the Fourth Schedule, the amount deductible under this section by a person, other than a manufacturer of goods of the kind so delivered or imported, shall not exceed a sum representing, in the case of delivery of such goods to him, 5·26 per cent. of the consideration payable by him, exclusive of the tax payable in respect of the delivery by the person making the delivery or, in the case of an importation, 5·26 per cent. of the value of the goods calculated in accordance with section 15 (4). (2) If, in relation to any taxable period, the total amount deductible under this section exceeds the amount which, but for this section, would be payable in respect of such period, the excess shall be repaid to the accountable person. (3) Notwithstanding anything in subsection (1), a deduction of tax shall not be made if, and to the extent that, such tax relates to— (a) the provision of food, drink, accommodation or other personal services for the accountable person, his agents or employees, (b) entertainment expenses incurred by the accountable person, his agents or employees, (c) the acquisition (including hiring) of motor vehicles of a kind specified in the Fourth Schedule otherwise than as stock-in-trade (within the meaning of section 34) or for the purposes of a business which consists in whole or part of the hiring of such vehicles, (d) the purchase of petrol otherwise than as stock-in-trade (within the meaning of the said section 34), (e) any activity of the accountable person which is either an exempted activity or is outside the scope of his business. (4) Any necessary apportionment between tax which may be deducted in accordance with this section and tax which may not be deducted shall be made in accordance with regulations. Special provisions for tax invoiced by farmers and fishermen. 13.—(1) Subject to subsection (2), where a person who carries on the business of farming or fishing and— (a) who is not an accountable person under the provisions of section 8 (3) (a), and (b) who is not an accountable person by election, delivers goods or renders services to an accountable person, the first-mentioned person shall, subject to section 17 (2), issue to the accountable person an invoice, and the accountable person shall be entitled to treat as tax deductible under section 12 an amount equal to 1 per cent. of the consideration stated in the invoice, including any tax stated separately therein. (2) Subsection (1) shall apply if, but only if— (a) the goods in question are goods of a kind specified in subparagraph (i) or (ii) of section 8 (3) (a) or the services in question are services of a kind specified in subparagraph (iii) of the said section 8 (3) (a), and (b) a deduction could have been claimed under section 12 by the accountable person if such goods or services had been delivered or rendered to him by another accountable person and an invoice charging the appropriate tax had been issued in accordance with regulations. (3) (a) The Minister may by order vary the percentage of consideration which may, in accordance with subsection (1), be treated as tax deductible under section 12 and may by order make corresponding variations in the percentage of total consideration specified in section 10 (7) on which tax is chargeable on the delivery of livestock and in the percentage of value specified in section 15 (4) (b) on which tax is chargeable on the importation of livestock. (b) The Minister may by order amend or revoke an order under this subsection, including this paragraph, (c) An order under this subsection shall be laid before Dáil Éireann as soon as may be after it has been made and, if a resolution annulling the order is passed by Dáil Éireann within the next twenty-one days on which Dáil Éireann has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. (4) For the purposes of this section “farming or fishing” does not include— (a) the operation of a nursery or garden for the sale of produce, (b) commercial production of poultry or eggs, (c) fur farming, or (d) fish farming, by a person other than a person to whom paragraph (c) or (d) of section 8 (3) applies. Payment based on cash receipts. 14.—(1) (a) A person who satisfies the Revenue Commissioners that, taking one taxable period with another, he derives not less than 90 per cent. of the total amount on which, but for this section, tax payable by him would be chargeable by virtue of section 2 (1) (a), from the delivery of taxable goods to persons who are not registered persons or the rendering of taxable services to such persons, may, in accordance with regulations, be authorised to treat the moneys which he has received in respect of the delivery of taxable goods or rendering of taxable services as the consideration in respect of such delivery of goods or rendering of services and, during the period during which he is so authorised, references in this Act to consideration shall, in relation to the person so authorised, be construed, for the purposes of section 10 (1), as references to moneys which he has actually received. (b) A person, other than a person to whom paragraph (a) applies, may, in accordance with regulations, be authorised to treat the moneys which he has received in respect of the rendering of taxable services as the consideration for the rendering of such services, and during the period during which he is so authorised, references in this Act to consideration shall, in relation to services rendered by the person so authorised, be construed, for the purposes of section 10 (1), as references to moneys which he has actually received. (2) Where a person, who for any period of time is authorised under subsection (1) to treat the moneys which he has received for the delivery of goods or the rendering of services as the consideration for such delivery or rendering, ceases to be so authorised or ceases to be an accountable person, his liability for the taxable period in which the cesser occurs shall, in accordance with regulations, be adjusted by reference to the amounts, if any, due to him at the commencement and end of that period of time in respect of such deliveries and such rendering of services. Charge of tax on imported goods. 15.—(1) Subject to subsection (2), sections 3 to 10, 12, 14, 16 to 19, 21 to 26, 32 to 37, 39, 40 and 42 shall not apply to tax provided for by section 2 (1) (b) and, as on and from the specified day that tax shall be charged— (a) on goods of a kind specified in Part I of the Third Schedule at the rate of 5·26 per cent. of the value of the goods, (b) on goods of a kind specified in the Fourth Schedule at the rate of 30·26 per cent. of the value of the goods, and (c) on all other goods at the rate of 16·37 per cent. of the value of the goods. (2) (a) Subject to paragraph (b), tax as aforesaid shall not be charged on— (i) goods imported by a registered person for the purposes of his business, or (ii) goods of a kind specified in paragraphs (vi) to (viii) of the Second Schedule or the delivery of which would be an exempted activity. (b) Where a person imports goods of a kind specified in the Fourth Schedule, paragraph (a) shall not apply in relation to the goods unless the importer is a manufacturer of goods of the kind imported. (3) Subject to the foregoing provisions of this section, the provisions of the Customs Consolidation Act, 1876 , and the enactments amending that Act and other enactments relating to customs (but excluding section 11 of the Finance (Miscellaneous Provisions) Act, 1958 ), shall apply to tax referred to in this section as if it were a duty of customs: Provided however that section 6 of the Customs and Inland Revenue Act, 1879 , and section 25 (2) of the Finance Act, 1933 , shall so apply only in relation to goods which are being reimported by the person who exports them. (4) (a) Subject to paragraph (b), the value of any goods for the purpose of this section shall be their value as ascertained in accordance with section 15 of, and the Third Schedule to, the Finance Act, 1952 , increased by the amount of any customs duty payable thereon. (b) The value of livestock for the purposes of this section shall be 19·20 per cent. of their value as ascertained in accordance with paragraph (a). Duty to keep records. 16.—(1) Every accountable person shall, in accordance with regulations, keep full and true records of all transactions which affect or may affect his liability to tax. (2) Every person, other than an accountable person, who delivers goods in the course of business or renders services in the course of business shall keep all invoices issued to him in connection with the delivery of goods or the rendering of services to him for the purpose of such business. (3) Records and invoices kept by a person pursuant to this section and any books, credit notes, debit notes, receipts, accounts, vouchers, bank statements or other documents whatsoever which relate to the delivery of goods by the person or the rendering of services by the person and are in the power, possession or procurement of the person and, in the case of any such book, invoice, credit note, debit note, receipt, account, voucher or other document which has been issued by the person to another person, any copy thereof which is in the power, possession or procurement of the person shall be retained in his power, possession or procurement for a period of six years from the date of the latest transaction to which the records or invoices or any of the other documents relate: Provided that this section shall not require the retention of records or invoices or any of the other documents in respect of which the Revenue Commissioners notify the person concerned that retention is not required, nor shall it apply to the books and papers of a company which have been disposed of in accordance with section 305 (1) of the Companies Act, 1963 . Invoices. 17.—(1) An accountable person who delivers goods or renders services to another accountable person in such circumstances that tax is chargeable shall issue to that other accountable person in respect of each such delivery of goods or rendering of services an invoice in such form and containing such particulars as may be specified by regulations. (2) A person who in accordance with section 13 (1) is required to issue an invoice in respect of the delivery of goods or the rendering of services to an accountable person shall, in respect of each delivery of goods or rendering of services of a kind specified in section 13 (2), issue an invoice in the form and containing such particulars as may be specified by regulations if, but only if, the following conditions are fulfilled: (a) the issue of an invoice is requested by the accountable person, (b) the accountable person supplies the form for the purpose of the invoice and enters the appropriate particulars thereon, and (c) the accountable person gives to the person by whom the goods are delivered or the services are rendered a copy of the invoice. (3) Where, subsequent to the issue of an invoice by a person to an accountable person in accordance with subsection (1), the consideration as stated in the invoice is increased or reduced, or a discount is allowed, whichever of the following provisions is appropriate shall have effect: (a) if the consideration is increased, the person shall issue to the accountable person another invoice in such form and containing such particulars as may be specified by regulations in respect of such increase, (b) if the consideration is reduced or a discount is allowed, the person shall issue to the accountable person a document (in this Act referred to as a credit note) containing particulars of the reduction or disc …