Finance Act, 1970
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Deferment of payment of duty of excise on spirits. |
28.—(1) The duty of excise imposed by section 3 (2) of the Finance Act, 1920 , shall, as on and from the 1st day of October, 1970, be charged, levied and paid at the rate of fourteen pounds and five pence the gallon (computed at proof) in lieu of the rate chargeable by virtue of section 35 (4) of the Finance Act, 1969 . | |
(2) (a) This subsection applies to spirits chargeable with the duty of excise imposed by section 3 (2) of the Finance Act, 1920 . | ||
(b) Where spirits to which this subsection applies are delivered from a bonded warehouse on or after the 1st day of October, 1970, the Revenue Commissioners may, subject to compliance with such conditions for securing payment of the duty as they may think fit to impose, permit payment of the excise duty charged on the spirits to be deferred to a day not later than— | ||
(i) in case the spirits are so delivered in the month of February in any year, the 25th day of March in the same year, or | ||
(ii) in any other case, the last day of the month succeeding the month in which the spirits are so delivered. | ||
(c) Where spirits to which this subsection applies are delivered from a bonded warehouse in the month of March in any year, no deferment of payment of duty as provided for by this subsection shall be allowed in respect of the spirits. | ||
(3) A rebate at the rate of eight pence the gallon (computed at proof) shall be allowed on all spirits delivered from a bonded warehouse on or after the 1st day of October, 1970, and charged with the said excise duty in relation to which there is no deferment of payment of duty pursuant to subsection (2) of this section. | ||
(4) Nothing in this section shall operate to relieve from or to prejudice or affect the additional excise duty in respect of immature spirits imposed by section 9 of the Finance Act, 1926 . |