(c) the person making the deduction shall, on proof of payment to the Revenue Commissioners of the amount so deducted, be acquitted and discharged of so much money as is represented by the deduction as if that sum had been actually paid to the person making the disposal.
\nRetention and examination of documentation 739U. (1) An IREF shall keep and retain declarations made to it in accordance with Schedule 2C for a period of 6 years from the time the unit holder of the units in respect of which the declaration was made ceases to be such a unit holder.
\nTransfer of IREF business to a company 739V. (1) In this section— ‘the Acts’ means the Tax Acts and the Capital Gains Tax Acts; ‘specified company’ means a company that is formed under the laws of, and is registered in, a Member State or an EEA state; ‘transferred business’ means the IREF business, the IREF assets and any assets ancillary to the IREF business referred to in subsection (2)(a)(i) or (ii), as the case may be.
\nTransfer of IREF business to a REIT 739W. (1) In this section— ‘property rental business’ has the meaning assigned to it by Part 25A; ‘qualifying REIT’ means a company which was not a REIT prior to giving the notice referred to in subsection (2)(a); ‘REIT’ has the meaning assigned to it in Part 25A; ‘transferred business’ means the IREF business, the IREF assets and any assets ancillary to the IREF business referred to in subsection (2)(b).
\nApplication of this Chapter 739X. This Chapter shall apply to— (a) accounting periods commencing on or after 1 January 2017, or (b) where an investment undertaking’s immediately preceding accounting period ended on or after 31 December 2015 and a decision was made after 20 October 2016 to change the accounting period such that paragraph (a) would not apply, that accounting period commencing on or after 20 October 2016.”, and (c) by inserting the following after Schedule 2B: “SCHEDULE 2C Sections 739B, 739K and 739U Irish Real Estate Funds: Declarations Interpretation 1. In this Schedule— ‘appropriate person’, in relation to a pension scheme, means— (a) in the case of an exempt approved scheme (within the meaning of section 774), the administrator (within the meaning of section 770) of the scheme, (b) in the case of a retirement annuity contract to which section 784 or 785 applies, the person lawfully carrying on in the State the business of granting annuities on human life with whom the contract is made, and (c) in the case of a trust scheme to which section 784 or 785 applies, the trustees of the trust scheme; ‘IREF declaration’, in relation to a person means the declaration that that person would be required to make under section 739K and Schedule 2C.
\nDeclaration of pension scheme 2. The declaration referred to in section 739K, in respect of a pension scheme referred to in paragraph (a) or (f) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) entitled to the units in respect of which the declaration is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) declares that, at the time when the declaration is made, the person entitled to the units is a pension scheme, (e) contains the name, address and TIN of the pension scheme, (f) contains a certificate by the appropriate person in relation to the pension scheme that, to the best of that person’s knowledge and belief, the declaration made in accordance with subparagraph (d) and the information furnished in accordance with subparagraph (e) are true and correct, (g) contains a certificate by the declarer stating whether or not the unit holder is a specified person after the application of section 739M, (h) attaches, where the scheme is one to which paragraph (f) of the definition of ‘specified person’ applies, supporting documentation evidencing equivalence, (i) contains an undertaking by the declarer that if the scheme becomes a specified person, the declarer will notify the IREF accordingly, and (j) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of PRSA Administrator 3. The declaration referred to in section 739K, in respect of a PRSA referred to in paragraph (a) or (f) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by a PRSA administrator (in this paragraph referred to as the ‘declarer’) in respect of units which are assets in a PRSA, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) declares that, at the time when the declaration is made, the units in respect of which the declaration is made— (i) are assets of a PRSA, and (ii) are managed by the declarer for the individual who is beneficially entitled to the units, (e) contains the name, address and TIN of the individual referred to in subparagraph (d), (f) contains an undertaking by the declarer that if the units cease to be assets of the PRSA, including a case where the units are transferred to another PRSA, the declarer will notify the IREF accordingly, (g) contains a certificate by the declarer stating whether or not the unit holder is a specified person after the application of section 739M, (h) attaches, where the PRSA is one to which paragraph (f) of the definition of ‘specified person’ applies, supporting documentation evidencing equivalence, (i) contains an undertaking by the declarer that if the PRSA becomes a specified person, the declarer will notify the IREF accordingly, and (j) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of investment undertaking 4. The declaration referred to in section 739K, in respect of an investment undertaking referred to in paragraph (b) or (f) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) entitled to the units in respect of which the declaration is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) declares that, at the time the declaration is made, the person entitled to the units is an investment undertaking, (e) contains the name, address and TIN of the investment undertaking, (f) contains a certificate by the declarer stating whether or not the unit holder is a specified person after the application of section 739M, (g) attaches, where the undertaking is one to which paragraph (f) of the definition of ‘specified person’ applies, supporting documentation evidencing equivalence, (h) contains an undertaking by the declarer that if the investment undertaking becomes a specified person, the declarer will notify the IREF accordingly, and (i) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of company carrying on life business 5. The declaration referred to in section 739K, in respect of a life assurance company referred to in paragraph (c) or (f) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) entitled to the units in respect of which the declaration is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) declares that, at the time when the declaration is made, the person entitled to the units is a company carrying on life business within the meaning of Part 26, (e) contains the name, address and TIN of the company, (f) contains a certificate by the declarer stating whether or not the unit holder is a specified person after the application of section 739M, (g) attaches, where the company is one to which paragraph (f) of the definition of ‘specified person’ applies, supporting documentation evidencing equivalence, (h) contains an undertaking by the declarer that if the company becomes a specified person, the declarer will notify the IREF accordingly, and (i) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of Charity 6. The declaration referred to in section 739K, in respect of a charity referred to in paragraph (d) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) entitled to the units in respect of which the undertaking is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) declares that, at the time when the declaration is made, the person entitled to the units is a person who— (i) is exempt from income tax under schedule D by virtue of section 207(1)(b), or (ii) is exempt from corporation tax by virtue of section 207(1)(b) as it applies for the purposes of corporation tax under section 76(6), (e) contains the name, address and TIN of that person, (f) contains a statement that at the time when the declaration is made the units in respect of which the declaration is made are held for charitable purposes only and— (i) form part of the assets of a body of persons or trust treated by the Revenue Commissioners as a body or trust established for charitable purposes only, or (ii) are, according to the rules or regulations established by statute, charter, decree, deed of trust or will, held for charitable purposes only and are so treated by the Revenue Commissioners, (g) contains an undertaking by the declarer that if the person mentioned in subparagraph (d) ceases to be a person referred to in subparagraph (d), the declarer will notify the IREF accordingly, and (h) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of Credit Unions 7. The declaration referred to in section 739K, in respect of a credit union referred to in paragraph (e) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) who is entitled to the units in respect of which the declaration is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) contains the name, address and TIN of the declarer, (e) declares that at the time when the declaration is made the person entitled to the units is a credit union, and (f) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.
\nDeclaration of qualifying company 8. The declaration referred to in section 739K, in respect of a qualifying company referred to in paragraph (g) of the definition of ‘specified person’, is a declaration in writing to the IREF which— (a) is made by the person (in this paragraph referred to as the ‘declarer’) who is entitled to the units in respect of which the declaration is made, (b) is signed by the declarer, (c) is made in such form as may be prescribed or authorised by the Revenue Commissioners, (d) contains the name, address and TIN of the declarer, (e) declares that at the time when the declaration is made the person entitled to the units is a qualifying company, and (f) contains such other information as the Revenue Commissioners may reasonably require for the purposes of Chapter 1B of Part 27.”.
\nCorporation Tax Amendment of section 891H of Principal Act (country-by-country reporting) 24. (1) Section 891H of the Principal Act is amended— (a) by substituting the following for subsection (1): “(1) In this section— ‘constituent entity’, ‘MNE group’, ‘qualifying competent authority agreement’, ‘surrogate parent entity’, ‘systemic failure’ and ‘ultimate parent entity’ have the meanings given to them respectively by Article 1 of the OECD model legislation; ‘competent authority’ means a competent authority for the purposes of a qualifying competent authority agreement; ‘country-by-country report’, in relation to an MNE group, means a report that contains the information set out in subsection (4); ‘domestic constituent entity’ means a constituent entity, that is resident for the purposes of tax in the State, but does not include— (a) an ultimate parent entity, (b) a surrogate parent entity, or (c) an EU designated entity; ‘equivalent country-by-country report’ means a country-by-country report but only to the extent the information required to be included in that report is within the possession of, or is obtained or acquired by, a domestic constituent entity; ‘EU designated entity’ means a constituent entity of an MNE group, not being an ultimate parent entity or surrogate parent entity, that— (a) is resident in a Member State for tax purposes, and (b) has been designated as an entity by that MNE group to provide a country-by-country report on behalf of all constituent entities of the MNE group resident for tax purposes in a Member State; ‘fiscal year’ means an annual accounting period, or any such shorter accounting period, with respect to which the ultimate parent entity of the MNE group prepares its financial statements; ‘income tax’ means income tax or corporation tax or any foreign tax that corresponds to income tax or corporation tax in the State; ‘OECD’ means the Organisation for Economic Co-operation and Development; ‘OECD model legislation’ means the Model Legislation Related to Country-by-Country Reporting contained in Annex IV to Chapter V of the OECD Report of 2015; ‘OECD Report of 2015’ means the ‘Transfer Pricing Documentation and Country-by-Country Reporting, Action 13 - 2015 Final Report’ published by the OECD on 5 October 2015; ‘reporting entity’ has the meaning given to it by Article 1 of the OECD model legislation and shall be deemed to include an EU designated entity; ‘TIN’ means a unique identification number allocated to a constituent entity by a jurisdiction for the purposes of income tax and, in relation to the State, means a tax reference number within the meaning of section 885.”,
\n(b) in subsection (4)(b)(i) by inserting “and TIN” after “identification”, (c) by substituting the following for subsection (6): “(6) Regulations made under this section may, in particular— (a) make provision for a surrogate parent entity or an EU designated entity, as the case may be, to provide a country-by-country report to the Revenue Commissioners, (b) make provision for a domestic constituent entity to provide a country-by-country report or an equivalent country-by-country report to the Revenue Commissioners, (c) determine the date by which a surrogate parent entity or an EU designated entity is required to provide a country-by-country report, or a domestic constituent entity is required to provide a country-by-country report or an equivalent country-by-country report, as the case may be, to the Revenue Commissioners, (d) make provision to amend the information to be included in an equivalent country-by-country report required to be provided by a domestic constituent entity, (e) require an ultimate parent entity, a surrogate parent entity, an EU designated entity or a domestic constituent entity, as the case may be, to notify the Revenue Commissioners within the period specified, and in such manner as is specified, that the ultimate parent entity, surrogate parent entity, EU designated entity or domestic constituent entity, as the case may be, are such entities, (f) require a domestic constituent entity to notify the Revenue Commissioners, within the period specified, and in such manner as is specified, of the identity and jurisdiction of tax residence of the reporting entity, (g) provide for the serving of a notice to a domestic constituent entity that there has been a systemic failure by the state of tax residence of the ultimate parent entity, (h) specify and modify, as required, the manner and form in which a country-by-country report or an equivalent country-by-country report is to be provided, (i) make provision as to how information contained in a country-by-country report or an equivalent country-by-country report is to be used, (j) make provision for preserving the confidentiality of the information contained in a country-by-country report or an equivalent country- by-country report, (k) require a domestic constituent entity of an MNE group to request from the ultimate parent entity of that MNE group all the information required to complete a country-by-country report for the MNE group and, where the ultimate parent entity refuses to so provide all of the required information, require that domestic constituent entity to notify the Revenue Commissioners of that refusal within such period and in such manner as may be specified, and
\n(l) contain such supplemental and incidental matters as appear to the Revenue Commissioners to be necessary— (i) to enable entities to fulfil their obligations under this section or regulations made under this section, and (ii) for the operation, administration and implementation of this section or regulations made under this section.”, (d) in subsection (7) — (i) in paragraph (a) by inserting “or an equivalent country-by-country report” after “country-by-country report”, and (ii) in paragraph (b) by substituting “incorrect country-by-country report or equivalent country-by-country report, or an incomplete country-by-country report,” for “incorrect or incomplete country-by-country report”, (e) in subsection (8) — (i) in paragraph (a) by inserting “or an equivalent country-by-country report” after “country-by-country report”, (ii) in paragraph (b)(ii) by inserting “or equivalent country-by-country report, as the case may be,” after “country-by-country report”, and (iii) in paragraph (c)(ii) by inserting “or an equivalent country-by-country report” after “country-by-country report”, and (f) in subsection (10) by inserting “, in relation to a state other than a Member State,” after “provided that”.
\nAmendment of Part 38 of Principal Act (returns of income and gains, other obligations and returns, and Revenue powers) 25. (1) Part 38 of the Principal Act is amended by inserting the following section after section 891G: “Disclosure of certain information for the purposes of administrative cooperation in the field of taxation 891GA. (1) This section provides for the disclosure by the competent authority of information connected with or supplementing the information required to be exchanged under the Regulations.
\nCapital Gains Tax Amendment of section 597AA of Principal Act (revised entrepreneur relief) 26. (1) Section 597AA of the Principal Act is amended in subsection (3) by substituting “10 per cent” for “20 per cent”.
\nNon-resident trusts 27. The Principal Act is amended in Chapter 3 of Part 19— (a) in section 579 by substituting the following for subsection (6): “(6) This section shall not apply— (a) in relation to a loss accruing to the trustees of the settlement, or (b) where it is shown to the satisfaction of the Revenue Commissioners that the settlement was established for bona fide commercial reasons and did not form part of an arrangement of which the main purpose or one of the main purposes was the avoidance of liability to capital gains tax.”, and (b) in section 579A by inserting the following after subsection (9): “(9A) This section shall not apply where it is shown to the satisfaction of the Revenue Commissioners that the settlement was established for bona fide commercial reasons and did not form part of an arrangement of which the main purpose or one of the main purposes was the avoidance of liability to capital gains tax.”.
\nAmendment of section 598 of Principal Act (disposals of business or farm on “retirement”) 28. (1) Section 598(3A) of the Principal Act is amended by substituting “the Minister for Agriculture, Food and the Marine in accordance with Regulation (EU) No. 508/2014 of the European Parliament and of the Council of 15 May 201410 ” for “the Minister for Agriculture, Fisheries and Food in accordance with Council Regulation (EC) No. 1198/2006 of 27 July 2006”.
\nAmendment of section 604B of Principal Act (relief for farm restructuring) 29. Section 604B(1)(a) is amended in the definition of “relevant period” by substituting “31 December 2019” for “31 December 2016”.
\nAmendment of section 613 of Principal Act (miscellaneous exemptions for certain kinds of property) 30. (1) The Principal Act is amended in section 613 by substituting the following for subsection (7): “(7) (a) No chargeable gain shall arise on the receipt of an amount of compensation in money or money’s worth under the Cessation of Turf Cutting Compensation Scheme or the Protected Raised Bog Restoration Incentive Scheme administered by the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, relating to— (i) a European Site (within the meaning of Regulation 2 of the European Communities (Birds and Natural Habitats) Regulations 2011 ( S.I. No. 477 of 2011 )) that contains raised bog, (ii) a Natural Heritage Area (within the meaning of section 2 of the Wildlife Act 1976 (No. 39 of 1976)) that contains raised bog, or (iii) any other lands which, in the opinion of the Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, are necessary to achieve the restoration of a European Site or Natural Heritage Area, referred to in subparagraph (i) or (ii). (b) Any amount paid under the Protected Raised Bog Restoration Incentive Scheme for the voluntary purchase of land or under a management agreement within the meaning of Regulation 2 of the European Communities (Birds and Natural Habitats) Regulations 2011 shall be deemed to be an amount of compensation for the purposes of paragraph (a).”.
\nExcise Amendment of Chapter 1 of Part 2 of Finance Act 2001 (interpretation, liability and payment) 31. Chapter 1 of Part 2 of the Finance Act 2001 is amended— (a) in section 96(1), in paragraph (a) of the definition of “registered consignee”, by substituting “section 109IA” for “section 109J(3) ”, and (b) by substituting the following for section 109A— “Authorisation of registered consignors 109A. (1) In this section— ‘applicant’ means a person who has applied in writing for authorisation under subsection (2); ‘authorised’ means authorised as a registered consignor under this section; ‘conditions of authorisation’ means the conditions referred to in subsection (2)(c).
\nAmendment of Chapter 2A of Part 2 of Finance Act 2001 (intra-European Union movement under a suspension arrangement) 32. Chapter 2A of Part 2 of the Finance Act 2001 is amended— (a) in section 109B, in the definition of “temporary registered consignee”, by substituting “authorisation is limited accordingly under section 109IA” for “registration is limited accordingly under section 109J(3) ”, (b) by inserting the following after section 109I— “Authorisation of registered consignees 109IA. (1) In this section— ‘applicant’ means a person who has applied in writing for authorisation under subsection (2); ‘authorised’ means authorised as a registered consignee under this section; ‘conditions of authorisation’ means the conditions referred to in subsection (2)(b).
\nAmendment of section 122 of Finance Act 2001 (offences in relation to false returns, claims, etc.) 33.
\n(a)(iii) of the Finance Act 2001 is amended by substituting the following clause for clause (III): “(III) authorisation as a registered consignee under section 109IA, or”.
\nAmendment of Chapter 5 of Part 2 of Finance Act 2001 (miscellaneous) 34. Chapter 5 of Part 2 of the Finance Act 2001 is amended— (a) in section 144A(2), by substituting the following paragraph for paragraph (d): “(d) the authorisation of a registered consignee under section 109IA,”, (b) in section 146(1A), by substituting the following for paragraph (c): “(c) a refusal to authorise a person as a registered consignee under section 109IA or a revocation under that section of any such authorisation;”, and (c) in section 153(2)(e), by substituting “authorisation” for “registration” in each place where it occurs.
\nAmendment of Chapter 4 of Part 2 of Finance Act 2001 (powers of officers) 35. Chapter 4 of Part 2 of the Finance Act 2001 is amended— (a) in section 136 by inserting the following after paragraph (c) of subsection (6): “(ca) to take account of and, without payment, take samples of any product referred to in section 97 and of any materials, ingredients and substances used or to be used in the manufacture of such product,”, and (b) by inserting the following after section 137: “Substitute fuels 137A. (1) In this section— ‘business’ means any employment, trade, profession or vocation; ‘relevant person’ means any person who has procured or has or had possession, custody or control of a relevant product; ‘relevant product’ means any product in liquid form.
\nRates of tobacco products tax 36. The Finance Act 2005 is amended with effect as on and from 12 October 2016 by substituting the following for Schedule 2 (as amended by section 45 of the Finance Act 2015 (No. 52 of 2015)) to that Act: “SCHEDULE 2 Rates of Tobacco Products Tax (With effect as on and from 12 October 2016) Description of Product Rate of Tax Cigarettes................
\nRate of tax at— (a) except where paragraph (b) applies, €288.22 per thousand together with an amount equal to 9.52 per cent of the price at which the cigarettes are sold by retail, or (b) €325.11 per thousand in respect of cigarettes sold by retail where the rate of tax would be less than that rate had the rate been calculated in accordance with paragraph (a).
\nCigars................
\nRate of tax at €335.368 per kilogram.
\nFine-cut tobacco for the rolling of cigarettes................
\nRate of tax at €310.189 per kilogram.
\nOther smoking tobacco......
\nRate of tax at €232.664 per kilogram. ”.
\nAmendment of section 78A of Finance Act 2003 (relief for small breweries) 37. (1) Section 78A of the Finance Act 2003 is amended— (a) in subsection (1)(a), by substituting “40,000 hectolitres” for “30,000 hectolitres”, (b) in subsection (3)(b)(ii), by substituting “80,000 hectolitres” for “60,000 hectolitres”, and (c) in subsection (4)(b), by substituting “40,000 hectolitres” for “30,000 hectolitres”.
\nAmendment of Chapter 1 of Part 2 of Finance Act 1999 (mineral oil tax) 38. (1) Chapter 1 of Part 2 of the Finance Act 1999 is amended— (a) in section 94(1) — (i) by substituting the following for the definition of “additive”: “‘additive’ means any product (other than hydrocarbon oil, liquefied petroleum gas, substitute fuel or vehicle gas) which may be added to— (a) hydrocarbon oil, (b) liquefied petroleum gas, (c) substitute fuel, or (d) vehicle gas, as an extender or for the purpose of improving performance or for any other purpose, and cognate words shall be construed accordingly;”, (ii) by substituting the following for the definition of “liquefied petroleum gas”: “‘liquefied petroleum gas’ means petroleum gases and other gaseous hydrocarbons falling within CN codes 2711 12 11 to 2711 19 00;”, (iii) by substituting the following for the definition of “mineral oil”: “‘mineral oil’ means hydrocarbon oil, liquefied petroleum gas, vehicle gas, substitute fuel and additives;”, (iv) in the definition of “hydrocarbon oil” by substituting “include vehicle gas or any oil” for “include any oil”, (v) by inserting the following definitions: “‘CN code’ means a Community subdivision to the combined nomenclature of the European Communities referred to in Article 1 of Council Regulation (EEC) No. 2658/87 of 23 July 198711 as amended by Commission Regulation (EC) No. 2031/2001 of 6 August 200112 ; ‘natural gas’ means natural gas falling within CN codes 2711 11 00 and 2711 21 00; ‘vehicle biogas’ means vehicle gas obtained solely from biomass; ‘vehicle gas’ means gas other than liquefied petroleum gas used or intended for use as vehicle fuel; ‘vehicle gas accounting period’ means a period of two months or such other period as the Commissioners may prescribe for the purposes of the returns and payment of mineral oil tax under section 95E; ‘vehicle gas dispenser’ means a person who, at a premises or place in the State, receives vehicle gas for the purpose of supplying that vehicle gas to the fuel tank or standard tank of a vehicle and includes a person who receives vehicle gas from, or supplies vehicle gas to themselves for that purpose; ‘vehicle gas supplier’ means a person who supplies vehicle gas to a vehicle gas dispenser;”, and (vi) by deleting the definition of “methane”, (b) in section 94(2)(b)(ii) by substituting “oil or gas” for “oil”, (c) in section 95— (i) by substituting the following subsection for subsection (1): “(1) Subject to the provisions of this Chapter, and any regulations made under it, a duty of excise, to be known as mineral oil tax, shall be charged, levied and paid—
\n(a) on all mineral oil (other than vehicle gas)— (i) released for consumption in the State, or (ii) released for consumption in another Member State, and brought into the State, and (b) on all vehicle gas supplied to a vehicle gas dispenser.”, (ii) by substituting the following subsection for subsection (2): “(2) Liability to mineral oil tax shall arise— (a) in the case of mineral oil other than vehicle gas, at the time when that mineral oil is— (i) released for consumption in the State, or (ii) following release for consumption in another Member State, brought into the State, and (b) in the case of vehicle gas, at the time when that vehicle gas is supplied to a vehicle gas dispenser.”, and (iii) by inserting the following subsection after subsection (2): “(2A) For the purposes of subsection (2)(b), the time the vehicle gas is supplied to a vehicle gas dispenser is the time at which the vehicle gas is recorded at the meter referred to in section 95B as having been received by that vehicle gas dispenser.”, (d) by inserting the following sections after section 95: “Supply of vehicle gas 95B. (1) A vehicle gas supplier shall not supply any vehicle gas to a vehicle gas dispenser’s premises or place unless the vehicle gas dispenser has, at that premises or place, a meter that has been fitted by the transmission system operator for the exclusive purpose of measuring and recording the quantity of vehicle gas supplied to that vehicle gas dispenser.
\nLiability to pay mineral oil tax on vehicle gas 95C. (1) Subject to subsection (2), a vehicle gas supplier shall be accountable for and liable to pay mineral oil tax on the vehicle gas supplied to a vehicle gas dispenser by that supplier.
\nRegistration of vehicle gas suppliers 95D. A vehicle gas supplier shall register with the Commissioners in accordance with such procedures as the Commissioners may prescribe or otherwise impose.
\nReturns and payment by vehicle gas suppliers 95E. (1) For the purposes of section 95C, a vehicle gas supplier shall within one month of the end of a vehicle gas accounting period, furnish to an officer, in such form as the Commissioners may require, a return showing the quantity of vehicle gas supplied by that vehicle gas supplier during that accounting period to vehicle gas dispensers.
\nPetrol €587.71 per 1,000 litres Aviation gasoline €587.71 per 1,000 litres Heavy Oil:
\nUsed as a propellant €479.02 per 1,000 litres Used for air navigation €479.02 per 1,000 litres Used for private pleasure navigation €479.02 per 1,000 litres Kerosene used other than as a propellant €50.73 per 1,000 litres Fuel oil €76.53 per 1,000 litres Other heavy oil €102.28 per 1,000 litres Liquefied Petroleum Gas:
\nUsed as a propellant €96.45 per 1,000 litres Other liquefied petroleum gas €32.86 per 1,000 litres Vehicle gas: €9.36 per megawatt hour ”, and (l) by substituting the following for Schedule 2A: “SCHEDULE 2A Carbon Charge Description of Mineral Oil Rate Light Oil:
\nPetrol €45.87 per 1,000 litres Aviation gasoline €45.87 per 1,000 litres Heavy Oil:
\nUsed as a propellant €53.30 per 1,000 litres Used for air navigation €53.30 per 1,000 litres Used for private pleasure navigation €53.30 per 1,000 litres Kerosene used other than as a propellant €50.73 per 1,000 litres Fuel oil €61.75 per 1,000 litres Other heavy oil €54.92 per 1,000 litres Liquefied Petroleum Gas:
\nUsed as a propellant €32.86 per 1,000 litres Other liquefied petroleum gas €32.86 per 1,000 litres Vehicle gas: €4.10 per megawatt hour ”.
\nAmendment of section 97 of Finance Act 2001 (excisable products (Part 2)) 39. (1)
\nof the Finance Act 2001 is amended by substituting the following paragraph for paragraph (c): “(c) mineral oil within the meaning of section 94 of the Finance Act 1999 , other than vehicle gas within the meaning of that section.”.
\nAmendment of section 67 of Finance Act 2010 (charging and rates of natural gas carbon tax) 40. (1)
\nAmendment of Chapter 2 of Part 3 of Finance Act 2010 (natural gas carbon tax) 41. (1)
\nof the Finance Act 2010 is amended— (a) in subsection (1) — (i) in paragraph (b), by substituting “processes,” for “processes, or”, (ii) in paragraph (c), by substituting “State, or” for “State.”, and (iii) by inserting the following paragraph after paragraph (c): “(d) for heat and power cogeneration (other than heat and power cogeneration by a micro-cogeneration unit within the meaning of Directive 2012/27/EU of the European Parliament and of the Council of 25 October 201213 ), where it is determined, by a competent authority designated for the purpose by the Minister for Finance, that such cogeneration meets the requirements for high-efficiency cogeneration under Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012.”, (b) by inserting the following subsection after subsection (1): “(1A) The relief under subsection (1)(d) shall be calculated as the amount of the tax paid on that portion of the natural gas used for cogeneration that is used to generate high-efficiency electricity as determined, and set out in a certificate issued, by the competent authority.”, and (c) by substituting the following subsection for subsection (2): “(2) Subject to such conditions as the Commissioners may prescribe or otherwise impose, a partial relief from tax shall be granted on any natural gas that is shown to the satisfaction of the Commissioners to have been supplied for use in an installation that is covered by a greenhouse gas emissions permit.”.
\nAmendment of Chapter 3 of Part 3 of Finance Act 2010 (solid fuel carbon tax) 42. (1)
\nof the Finance Act 2010 is amended— (a) in subsection (1) — (i) in paragraph (a), by substituting “electricity,” for “electricity, or”, (ii) in paragraph (b), by substituting “processes,” for “processes, or”, (iii) in paragraph (c), by substituting “State, or” for “State.”, and (iv) by inserting the following paragraph after paragraph (c): “(d) for heat and power cogeneration (other than heat and power cogeneration by a micro-cogeneration unit within the meaning of Directive 2012/27/EU of the European Parliament and of the Council of 25 October 201214 ), where it is determined, by a competent authority designated for the purpose by the Minister for Finance, that such cogeneration meets the requirements for high-efficiency cogeneration under Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012.”, (b) by inserting the following subsection after subsection (1): “(1A) The relief under subsection (1)(d) shall be calculated as the amount of tax paid on that portion of the solid fuel used for cogeneration that is used to generate high-efficiency electricity as determined, and set out in a certificate issued, by the competent authority.”, and (c) by substituting the following subsection for subsection (2): “(2) Subject to such conditions as the Commissioners may prescribe or otherwise impose, a partial relief from tax shall be granted on any solid fuel that is shown to the satisfaction of the Commissioners to have been supplied for use in an installation that is covered by a greenhouse gas emissions permit.”.
\nAmendment of section 100 of Finance Act 1999 (mineral oil tax) 43. (1)
\nof the Finance Act 1999 is amended— (a) in subsection (6), by substituting the following paragraph for paragraph (b): “(b) for heat and power cogeneration (other than heat and power cogeneration by a micro-cogeneration unit within the meaning of Directive 2012/27/EU of the European Parliament and of the Council of 25 October 201215 ), where it is determined, by a competent authority designated for the purpose by the Minister for Finance, that such cogeneration meets the requirements for high-efficiency cogeneration under Directive 2012/27/EU of the European Parliament and of the Council of 25 October 2012.”, (b) by inserting the following subsection after subsection (6): “(6A) The relief under subsection (6)(b) shall be calculated as the amount of the carbon charge paid on that portion of the mineral oil used for cogeneration that is used to generate high-efficiency electricity as determined, and set out in a certificate issued, by the competent authority.”, (c) by substituting the following subsection for subsection (8): “(8) (a) Subject to subsection (9), a claim for repayment in relation to relief under subsection (7) shall be made in such form as the Commissioners may direct and shall be in respect of mineral oil used within a period of not less than one and not more than 6 months. (b) Except where the Commissioners may in any particular case allow, a claim for repayment referred to in paragraph (a) shall be made within 4 months of the end of the period in respect of which the claim is made.”, and (d) by inserting the following subsection after subsection (8): “(9) (a) A claim for repayment under subsection (7) in relation to relief from the carbon charge under subsection (6)(b) shall be made in such form as the Commissioners may direct and shall be in respect of mineral oil which has been— (i) used within a period of not less than one and not more than 12 months, and (ii) determined to have been used to generate high-efficiency electricity by the competent authority. (b) Except where the Commissioners may in any particular case allow, a claim for repayment referred to in paragraph (a) shall be made within 4 months of the date upon which the competent authority has issued the certificate referred to in subsection (6A).”.
\nAmendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.) 44. Section 135C of the Finance Act 1992 is amended in subsections (1) and (2) by substituting “31 December 2018” for “31 December 2016” and in subsections (3) and (4) by substituting “31 December 2021” for “31 December 2016”.
\nValue-Added Tax Interpretation (Part 3) 45. In this Part “Principal Act” means the Value-Added Tax Consolidation Act 2010 .
\nAmendment of section 61 of Principal Act (apportionment for dual-use inputs) 46. Section 61 of the Principal Act is amended— (a) by substituting the following for subsections (4) and (5): “(4) Subject to subsection (5), the proportion of tax deductible by an accountable person in a taxable period shall be calculated on the basis of the ratio which the amount of the person’s tax-exclusive turnover from deductible supplies or activities in the accounting year in which that taxable period ends bears to the person’s tax-exclusive turnover from total supplies and activities in that accounting year.
\nFlat-rate scheme for farmers 47. (1) The Principal Act is amended— (a) in section 68 by inserting the following after subsection (5): “(6) An invoice, settlement voucher or other document provided for in this section or in section 86(1) shall not issue in respect of supplies of a kind specified in an order made under section 86A.”, (b) in section 86— (i) by substituting the following for subsection (1): “(1) Subject to section 68(1) and (6) and subsection (1A), where a flat-rate farmer supplies agricultural produce or an agricultural service to a person, the farmer shall issue to the person an invoice indicating the consideration (exclusive of the flat-rate addition) in respect of the supply and an amount (in this Act referred to as a ‘flat-rate addition’) equal to 5.4 per cent of that consideration (exclusive of the flat-rate addition). (1A) Where section 68(6) applies, the issue of an invoice by a flat-rate farmer shall only apply in respect of agricultural produce or an agricultural service of a kind not specified in an order made by the Minister under section 86A.”, and (ii) in subsection (2) by substituting the following for “transaction.”: “transaction other than where an order has been made by the Minister under section 86A relating to such supply of produce or service.”, (c) by inserting the following section after section 86: “Restriction of flat-rate addition 86A. (1) Where, following a review carried out by the Revenue Commissioners in relation to a particular agricultural sector and having regard, in particular, to the business structures or models employed and the nature of the relationships and contractual arrangements in place between parties in the sector, the Minister is satisfied that the application of the flat-rate addition in accordance with section 86 in respect of supplies of agricultural produce or agricultural services within that sector has resulted in, and if that application were retained would continue to contribute to, a systematic excess of the amount of flat-rate addition payments over the amount of non-recoverable tax on input costs borne by flat-rate farmers within that sector, the Minister may by order provide that the flat-rate addition shall not apply to supplies of a kind to be specified in the order.
\nStamp Duties Interpretation (Part 4) 48. In this Part “Principal Act” means the Stamp Duties Consolidation Act 1999 .
\nNational Concert Hall 49. The Principal Act is amended by inserting the following after section 106C: “106D. Stamp duty shall not be chargeable on any conveyance, transfer or lease of land to the National Concert Hall in connection with its functions under the National Cultural Institutions (National Concert Hall) Act 2015 .”.
\nAmendment of section 126AA of Principal Act (further levy on certain financial institutions) 50. (1) Section 126AA of the Principal Act is amended— (a) by substituting the following for subsection (1): “(1) In this section— ‘Act of 1997’ means the Taxes Consolidation Act 1997 (No. 39 of 1997); ‘appropriate tax’ has the meaning given to it by section 256 of the Act of 1997; ‘assessable amount’, in relation to a relevant person, means the relevant retention tax in relation to the person; ‘base year’ means the year— (a) 2011, in respect of the years 2014, 2015 and 2016, (b) 2015, in respect of the years 2017 and 2018, (c) 2017, in respect of the years 2019 and 2020, and (d) 2019, in respect of the year 2021; ‘due date’ means, in relation to a year, 20 October in the year concerned; ‘relevant business’ means the business of a relevant person of taking and holding relevant deposits (within the meaning of section 256 of the Act of 1997) in respect of which the person was obliged to pay any amount under section 258 or 259 of that Act; ‘relevant person’ means a person who, in a base year, comes within the meaning of paragraph (a) or (b) of the definition of ‘relevant deposit taker’ in section 256(1) of the Act of 1997 and who— (a) is obliged in the base year to pay— (i) appropriate tax under section 258(3) of the Act of 1997, or (ii) an amount on account of appropriate tax under section 258(4) or 259(4) of that Act, and (b) is carrying on a trade or business in the State (whether including a relevant business or not) at the due date, but a person shall not be regarded as a relevant person where the relevant retention tax in relation to the person in the base year does not exceed €100,000; ‘relevant retention tax’, in relation to a relevant person and a base year, means an amount determined by the formula— A + B - C where— A is an amount equal to the aggregate of— (a) appropriate tax paid by the person in the base year under section 258(3) of the Act of 1997, and (b) the amount paid by the person in the base year on account of appropriate tax under section 258(4) or 259(4) of that Act, B is the aggregate of any amounts of appropriate tax, or any amounts on account of appropriate tax, paid by the person after the base year which, in accordance with section 258 or 259 of the Act of 1997, should have been paid by the person in that base year, and C is the aggregate of any amounts of appropriate tax paid by the person in the base year which— (a) are included in A, and (b) were agreed by the person and an officer of the Commissioners at or before the time of payment as being tax which, in accordance with the said section 258, should have been paid before the base year.”,
\n(b) in subsection (2) by substituting “2014 to 2021” for “2014, 2015 and 2016”, (c) in subsection (3) by substituting “in a base year” for “2011”, (d) in subsection (6) by substituting “59 per cent” for “35 per cent”, and (e) by deleting subsection (10).
\nCapital Acquisitions Tax Interpretation (Part 5) 51. In this Part “Principal Act” means the Capital Acquisitions Tax Consolidation Act 2003 .
\nAmendment of section 86 of Principal Act (exemption relating to certain dwellings) 52. The Principal Act is amended by substituting the following for section 86: “Exemption relating to certain dwellings 86. (1) In this section— ‘dwelling house’ means— (a) a building or part (including an appropriate part within the meaning of section 5(5)) of a building which was used or was suitable for use as a dwelling, and (b) the curtilage of the dwelling house up to an area (excluding the site of the dwelling house) of 0.4047 hectares, but if the area of that curtilage (excluding the site of the dwelling house) exceeds 0.4047 hectares, then the part which comes within this definition is the part which, if the remainder were separately occupied, would be the most suitable for occupation and enjoyment with the dwelling house; ‘relevant period’, in relation to a relevant dwelling house comprised in an inheritance, means the period of 6 years commencing on the date of the inheritance; ‘successor’ includes a transferee under an inheritance referred to in section 32(2).
\nAmendment of Schedule 2 to Principal Act (computation of tax) 53. (1) The Principal Act is amended in paragraph 1 of Part 1 of Schedule 2, in the definition of “group threshold”— (a) in paragraph (a), by substituting “€310,000” for “€280,000”, (b) in paragraph (b), by substituting “€32,500” for “€30,150”, and (c) in paragraph (c), by substituting “€16,250” for “€15,075”.
\nMiscellaneous Interpretation (Part 6) 54. In this Part “Principal Act” means the Taxes Consolidation Act 1997 .
\nTax treatment of married persons and civil partners 55. The Principal Act is amended— (a) in section 1017 by inserting the following after subsection (2): “(3) Subject to subsection (4), for a year of assessment prior to the current year of assessment in which this section applies as a consequence of— (a) an election made (including an election deemed to have been duly made) under section 1018, (b) an election made under section 1019(2)(a)(ii), or (c) section 1019(4)(a), a husband or a wife who is not assessed under this section may elect to be so assessed and such election shall apply in place of any earlier election or deemed election for that year of assessment.
\nPenalties for deliberately or carelessly making incorrect returns, etc.
\n(b) A disclosure in relation to a person made on or after 1 May 2017 shall not be a qualifying disclosure where— (i) any matters contained in the disclosure relate directly or indirectly to offshore matters, and (ii) in any other case, the person, before the date the disclosure is made, has offshore matters occasioning a liability to tax or duty that are known or become known at any time to the Revenue Commissioners or any of their officers and the person is liable to a penalty other than a specified penalty in relation to those matters.”.
\n(2)
\nof the Value-Added Tax Consolidation Act 2010 is amended by inserting the following after subsection (15): “(15A) (a) In this subsection the expressions ‘liability to tax or duty’, ‘offshore matters’, ‘penalty’ and ‘specified penalty’ have the same meanings as in section 1077E(15A)(a) (inserted by section 56(1) of the Finance Act 2016) of the Taxes Consolidation Act 1997 . (b) A disclosure in relation to a person made on or after 1 May 2017 shall not be a qualifying disclosure where— (i) any matters contained in the disclosure relate directly or indirectly to offshore matters, and (ii) in any other case, the person, before the date the disclosure is made, has offshore matters occasioning a liability to tax or duty that are known or become known at any time to the Revenue Commissioners or any of their officers and the person is liable to a penalty other than a specified penalty in relation to those matters.”.
\nAmendment of section 1086 of Principal Act (publication of names of tax defaulters) 57. (1) Section 1086 of the Principal Act is amended— (a) in subsection (2A), by substituting “Subject to subsection (2D), for the purposes of subsection (2),” for “For the purposes of subsection (2),”, (b) in subsection (2B)— (i) in paragraph (a), by substituting “a specified sum or an adjusted specified sum (within the meaning of subsection (2C) or (2D)), as the case may be, under subsection (2)(c), including as applied by subsection (2C) or (2D)” for “a specified sum under subsection (2)(c) ”, (ii) in paragraph (b), by substituting “a specified sum or an adjusted specified sum (within the meaning of subsection (2C) or (2D)), as the case may be, under subsection (2)(d), including as applied by subsection (2C) or (2D)” for “a specified sum under subsection (2)(d) ”, and (iii) by substituting “and the person fails to pay the specified sum or the adjusted specified sum, as the case may be,” for “and the person fails to pay the specified sum”, (c) by inserting the following after subsection (2B): “(2C) (a) In this subsection— ‘adjusted specified sum’ means the total claim sum less the qualifying disclosure sum; ‘disclosing person’ means a person who makes a qualifying disclosure; ‘qualifying disclosure’ means a qualifying disclosure referred to in subsection (4)(a); ‘qualifying disclosure sum’ means the part of the total claim sum that is in respect of the matter to which a qualifying disclosure relates; ‘relevant matters’, in relation to a disclosing person, means matters occasioning a liability of the kind referred to in subparagraphs (i) to (iii) of paragraph (c) or (d) of subsection (2), as the case may be, which are known or become known to the Revenue Commissioners or any of their officers; ‘total claim sum’ means the specified sum, in respect of the specified liability (in respect of both the matter to which a qualifying disclosure relates and the relevant matters), referred to in paragraph (c) or (d) of subsection (2), as the case may be, of a disclosing person. (b) Notwithstanding subsection (4)(a), where the Revenue Commissioners— (i) pursuant to an agreement of a type referred to in paragraph (c) of subsection (2), or (ii) in the circumstances described in paragraph (d) of subsection (2), accept or undertake to accept a specified sum of money in settlement of any claim by them in respect of a specified liability, referred to in paragraph (c) or (d) of subsection (2), as the case may be, of a disclosing person, and the specified liability comprises of the liability relating to the matter in respect of which the person had voluntarily furnished a qualifying disclosure and the liability in respect of relevant matters, then paragraph (c) or (d) of subsection (2), as the case may be, shall apply in relation to the disclosing person in respect of the relevant matters, subject to the following modifications:
\n(I) a reference to a specified sum shall be construed as a reference to an adjusted specified sum; (II) a reference to a specified liability, shall be construed as a reference to the part of the specified liability relating to the relevant matters; (III) the reference in paragraph (c) of subsection (2) to an agreement made by the Revenue Commissioners with a person whereby they accepted or undertook to accept a specified sum of money in settlement of any claim by them in respect of any specified liability of the person, shall be construed as a reference to an agreement (in this clause referred to as the ‘second mentioned agreement’) made by the Revenue Commissioners with the disclosing person whereby they accepted or undertook to accept an adjusted specified sum of money in settlement of any claim by them in respect of the part of the specified liability of the disclosing person relating to the relevant matters, and the second mentioned agreement shall be deemed to have been made in the relevant period in which the Revenue Commissioners accepted or undertook to accept the total claim sum. (2D) (a) In this subsection— ‘adjusted specified sum’ means the total claim sum less the qualifying disclosure sum; ‘disclosing person’ means a person who makes a qualifying disclosure; ‘qualifying disclosure’ means a qualifying disclosure referred to in subsection (4)(a); ‘qualifying disclosure sum’ means the part of the total claim sum that is in respect of the matter to which a qualifying disclosure relates; ‘relevant matters’, in relation to a disclosing person, means matters occasioning a liability of the kind referred to in subparagraphs (i) to (iii) of paragraph (c) or (d) of subsection (2), as the case may be, which are known or become known to the Revenue Commissioners or any of their officers; ‘total claim sum’ means the sum, being the full amount of the claim by the Revenue Commissioners (in respect of both the matter to which a qualifying disclosure relates and the relevant matters) in respect of a liability, of a kind referred to in subparagraphs (i) to (iii) of paragraph (c) or (d) of subsection (2), as the case may be, of a disclosing person. (b) Notwithstanding subsection (4)(a), where the Revenue Commissioners accept or undertake to accept a sum which is the full amount of their claim in respect of a liability, of a kind referred to in subparagraphs (i) to (iii) of paragraph (c) or (d) of subsection (2), as the case may be, of a disclosing person and the liability comprises of the liability relating to the matter in respect of which the disclosing person had voluntarily furnished a qualifying disclosure and the liability in respect of relevant matters, the following shall apply in relation to the disclosing person in respect of the relevant matters:
\n(i) for the purposes of subsection (2), paragraph (c) or (d) of that subsection, as the case may be, shall apply, subject to the following modifications: (I) a reference to a specified sum shall be construed as a reference to an adjusted specified sum; (II) a reference to a specified liability, shall be construed as a reference to the part of the total claim sum relating to the relevant matters; (ii) the Revenue Commissioners shall be deemed to have accepted or undertaken to accept, as the case may be, the adjusted specified sum pursuant to an agreement, of a type referred to in paragraph (c) of subsection (2), made in the relevant period in which the Revenue Commissioners accepted or undertook to accept the total claim sum.”, (d) in subsection (4) — (i) by deleting paragraph (b), (ii) in paragraph (c) — (I) by substituting “the specified sum or the adjusted specified sum (within the meaning of subsection (2C) or (2D)) referred to in paragraph (c) or (d), as the case may be, of subsection (2), including as applied by subsection (2C) or (2D),” for “the specified sum referred to in paragraph (c) or (d), as the case may be, of subsection (2) ”, and (II) by substituting “does not exceed the relevant amount referred to in paragraph (a) of subsection (4A) or, where an order has been made under paragraph (b) of that subsection, the amount specified in the last such order made, or” for “does not exceed €30,000, or”, and (iii) by substituting the following for paragraph (d): “(d) the amount of fine or other penalty included in the specified sum or the adjusted specified sum (within the meaning of subsection (2C) or (2D)) referred to in paragraph (c) or (d), as the case may be, of subsection (2), including as applied by subsection (2C) or (2D), does not exceed 15 per cent of the amount of tax included in that specified sum or adjusted specified sum.”, (e) in subsection (4A)— (i) in paragraph (a) — (I) in the definition of “the consumer price index number relevant to a year”, by substituting “mid-December 2011 was 100” for “mid-December 2001 was 100”, (II) by substituting “Minister for Finance;” for “Minister for Finance.”, and (III) by inserting the following definition: “ ‘the relevant amount’ means €35,000.”, (ii) by substituting the following for paragraph (b): “(b) The Minister may, from time to time, by order provide, in accordance with paragraph (c), an amount in lieu of the relevant amount, or where an order has been made previously under this paragraph, in lieu of the amount specified in the last order so made.”,
\n(iii) in paragraph (c), by substituting “the relevant amount or the amount referred to in the last previous order made” for “the amount referred to in subsection (4)(c) or in the last previous order made”, and (iv) in paragraph (d), by substituting the following for subparagraph (ii): “(ii) does not apply to any case in which— (I) the specified liability referred to in paragraphs (c) and (d) of subsection (2), including as applied by subsection (2C) or (2D), or (II) the aggregate referred to in subsection (4B)(b) in respect of paragraphs (a) and (b) of subsection (2), includes tax, the liability in respect of which arose before, or which relates to periods which commenced before, that specified date.”, (f) in subsection (4B), by substituting the following for paragraph (b): “(b) the aggregate of— (i) the tax due in respect of which the penalty is computed, (ii) except in the case of tax due by virtue of paragraphs (g) and (h) of the definition of ‘the Acts’, the interest on that tax, and (iii) the penalty determined by a court, does not exceed the relevant amount referred to in paragraph (a) of subsection (4A) or, where an order has been made under paragraph (b) of that subsection, the amount specified in the last such order made, or”, and (g) by inserting the following after subsection (5A): “(5B) Any list referred to in subsection (2) shall, in a case to which subsection (2B) applies, specify, in such manner as the Revenue Commissioners think fit, that the person has failed to pay the specified sum or the adjusted specified sum (within the meaning of subsection (2C) or (2D)), as the case may be, of money within the relevant period.”.
\nCare and management of taxes and duties 58. All taxes and duties imposed by this Act are placed under the care and management of the Revenue Commissioners.
\nShort title, construction and commencement 59. (1) This Act may be cited as the Finance Act 2016.
\n1OJ No. L5, 9.1.2004, p.25 2OJ No. C249, 31.7.2014, p.1 3OJ No. L149, 20.5.2014, p.1 4OJ No. L 187, 26.6.2014, p.1 5OJ No. L354, 31.12.2003, p.64 6OJ No. L176, 27.6.2013, p.1 7OJ No. L64, 11.3.2011, p.1 8OJ No. L359, 16.12.2014, p.1 9OJ No. L332, 18.12.2015, p.1 10OJ No. L149, 20.5.2014, p.1 11OJ No. L256, 7.9.1987, p.1 12OJ No. L279, 23.10.2001, p.1 13OJ No. L315, 14.11.2012, p.1 14OJ No. L315, 14.11.2012, p.1 15OJ No. L315, 14.11.2012, p.1 16OJ No. L64, 11.3.2011, p.1 17OJ No. L359, 16.12.2014, p.1 Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais