1. HomeBaile
  2. ActsAchtanna
  3. 1983
  4. Finance Act, 1983

Finance Act, 1983

Amendment of section 11 (rates of tax) of Principal Act.

81.—(1) Section 11 of the Principal Act is hereby amended—

(a) in subsection (1)—

(i) in paragraph (a) (inserted by the Act of 1978), by the substitution of “23 per cent.” for “18 per cent.” (inserted by the Act of 1982), and

(ii) in paragraph (c) (inserted by the Finance Act, 1980 ), by the substitution of “35 per cent.” for “30 per cent.” (inserted by the Act of 1982),

and

(b) in subsection (2)—

(i) in paragraph (a) (inserted by the Act of 1978), as respects supplies on or after the 1st day of July, 1983, by the substitution of “8.69 per cent.” for “10 per cent.”,

(ii) in paragraph (b) (inserted by the Act of 1978), by the substitution of “21.74 per cent.” for “16.67 per cent.” (inserted by the Act of 1982),

(iii) in paragraph (c) (inserted by the Act of 1981), by the substitution of “21.74 per cent.” for “16.67 per cent.” (inserted by the Act of 1982),

(iv) in paragraph (d) (inserted by the Act of 1982), by the substitution of “21.74 per cent.” for “16.67 per cent.”, and

(v) in paragraph (e) (inserted by the Act of 1982), by the substitution of “21.74 per cent.” for “16.67 per cent.”.

(2) Section 11 of the Principal Act is hereby further amended—

(a) in subsection (1)—

(i) by the insertion of the following paragraph after paragraph (a):

“(aa) 5 per cent. of the amount on which tax is chargeable in relation to the supply of goods or services of a kind specified in the Sixth Schedule,”,

and

(ii) in paragraph (c), by the substitution of “any of the rates specified in paragraphs (a), (aa) and (b)” for “either of the rates specified in paragraphs (a) and (b)”,

(b) in subsection (2), by the deletion of paragraphs (b), (c), (d) and (e),

(c) in subsection (7) (inserted by the Act of 1976), by the insertion in paragraph (e) (i) after “subsection (1) (a)” of “, subsection (1) (aa)”, and

(d) in subsection (8), by the substitution in paragraph (a) (inserted by the Finance Act, 1973 ) of “Second, Third or Sixth Schedule” for “Second or Third Schedules”.