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  4. S.I. No. 87/1956 - Relief of Double Taxation (Taxes on Income: Ireland - U.S.A.) Regulations, 1956.

S.I. No. 87/1956 - Relief of Double Taxation (Taxes on Income: Ireland - U.S.A.) Regulations, 1956.

The Revenue Commissioners, in exercise of the powers conferred on them by section 12 of the Finance Act, 1950 (No. 18 of 1950), hereby make the following regulations :

1.—(1) These regulations may be cited as the Relief of Double Taxation (Taxes on Income : Ireland—U.S.A.) Regulations, 1956.

(2) The Relief of Double Taxation (Taxes on Income : Ireland—U.S.A.) Regulations, 1951 ( S.I. No. 381 of 1951 ), and these regulations may be cited together as the Relief of Double Taxation (Taxes on Income : Ireland—U.S.A.) Regulations, 1951 and 1956.

2. In these regulations, " the tax charged in Great Britain and Northern Ireland " means the income tax (including sur-tax) and the profits tax charged in Great Britain and Northern Ireland and any other tax of a substantially similar character which is imposed therein subsequent to the date of these regulations ; other expressions have the same meaning as in the Relief of Double Taxation (Taxes on Income : Ireland—U.S.A.) Regulations, 1951 ( S.I. No. 381 of 1951 ).

3. The Relief of Double Taxation (Taxes on Income : Ireland—U.S.A.) Regulations, 1951 ( S.I. No. 381 of 1951 ), shall have effect—

(a) as if the following proviso were added at the end of paragraph (1) of Regulation 3 :—

" Provided that where the person beneficially entitled to the dividend is not resident in the State but is resident in Great Britain and Northern Ireland and is subject, on that dividend, to the tax charged in Great Britain and Northern Ireland, this paragraph shall not apply."

(b) as if the following words were added at the end of sub-paragraph (b) of paragraph (2) of Regulation 3 :—

" and, where United States dividends have been entrusted to him for payment to residents of Great Britain and Northern Ireland, showing in addition the total of the amounts of those dividends."

(c) as if the following proviso were added at the end of Regulation 4 :—

" Provided that where the person beneficially entitled to the dividend is not resident in the State but is resident in Great Britain and Northern Ireland and is subject, on that dividend, to the tax charged in Great Britain and Northern Ireland, this Regulation shall not apply."

GIVEN this 16th day of April, 1956.

S. RÉAMONN,

Revenue Commissioner.