Finance Act, 1963
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Charge of turnover tax. |
47.—(1) With effect on and from the 1st day of November, 1963, a tax, to be called turnover tax, shall, subject to this Part of this Act and the regulations thereunder, be charged, levied and paid— | |
(a) on moneys received in respect of all or any of the following activities: | ||
(i) sale of goods sold in the course of business (including goods sold before the 1st day of November, 1963), | ||
(ii) hire of goods hired in the course of business (including goods hired before the 1st day of November, 1963), | ||
(iii) provision of services provided in the course of business (including services provided before the 1st day of November, 1963), | ||
(iv) acceptance of bets made or entered into with the holder of a bookmaker's licence under the Betting Act, 1931 , | ||
(v) acceptance of stakes staked by means of a totalisator to which a licence under the Totalisator Act, 1929 , relates, | ||
(vi) acceptance of stakes staked at gaming to which a licence under Part III of the Gaming and Lotteries Act, 1956 , relates, | ||
(vii) issue of tickets or coupons issued for the purpose of a lottery to which a licence under Part IV of the Gaming and Lotteries Act, 1956 , relates, | ||
(viii) acceptance of entry fees in respect of crossword puzzles, competitions and contests promoted through the medium of newspapers and other publications, | ||
(ix) entertainments as defined in Section 1 of the Finance (New Duties) Act, 1916 (including any ball or dance); | ||
(b) on goods imported into the State. | ||
(2) For the purposes of subsection (1) of this section, the moneys received in respect of the acceptance of bets made or entered into with the holder of a bookmaker's licence under the Betting Act, 1931 , shall be the aggregate of the sums of money which by the terms of the bets such holder will be entitled to receive, retain or take credit for if the events which are the subjects of the bets are determined in his favour. | ||
(3) In a case in which the moneys received by the person providing an entertainment referred to in subsection (1) of this section have not in any month exceeded, and are not likely in any month to exceed, £100, and he has hired the premises in which the entertainment takes place, the reference in that subsection to the moneys received in respect of the entertainment shall be construed as a reference to the moneys received by the proprietor of those premises in respect of the hiring. | ||
(4) Moneys received from sales of goods sold by a club or other body of persons to any of its members shall be liable to tax to the same extent as if the sales were made to persons who are not members. | ||
(5) Tax shall not be chargeable under subsection (1) of this section on moneys received in respect of the sale of goods delivered to or the provision of services provided for persons outside the State or on moneys received in respect of admissions to sporting events or in respect of the hiring of premises for the purpose of sporting events. |