Finance Act, 1995
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Amendment of section 35 (relief for investments in films) of Finance Act, 1987. |
36.—(1) Section 35 of the Finance Act, 1987 , is hereby amended— | |
(a) in paragraph (b) of subsection (1A) (inserted by the Finance Act, 1994 )— | ||
(i) in subparagraph (i) by the substitution for “be subject to” of “without prejudice to the generality of subparagraph (ii), be subject to”, and | ||
(ii) in subparagraph (ii) by the deletion of “other”; | ||
(b) by the substitution for subsection (4B) (inserted by the Finance Act, 1994 ) of the following subsection: | ||
“(4B) Before issuing a certificate for the purposes of subsection (4A) a company shall furnish the authorised officer with— | ||
(a) a statement to the effect that it satisfies or will satisfy the conditions for the relief, so far as they apply in relation to the company and a film, and | ||
(b) a copy of the certificate, issued by the Minister under subsection (1A) in respect of the film and certifying that it is a qualifying film.”; | ||
and | ||
(c) in paragraph (c) of subsection (5) (as inserted by the Finance Act, 1993 ) by the substitution for “directly or indirectly, any payment from” of “any payment, in money or money's worth, or other benefit directly or indirectly borne by, or attributable to,”. | ||
(2) Subsection (1) shall apply and have effect as respects— | ||
(a) paragraph (a) as respects any certificate given after the 12th day of April, 1995, by the Minister for Arts, Culture and the Gaeltacht under subsection (1 A) (inserted by the Finance Act, 1994 ) of section 35 of the Finance Act, 1987 ; | ||
(b) paragraph (b) as respects any certificate issued after the 12th day of April, 1995, by a company for the purposes of subsection (4A) (inserted by the Finance Act, 1994 ) of the said section 35; and | ||
(c) paragraph (c) as respects any sum of money paid after the 12th day of April, 1995, in respect of which relief is claimed under the said section 35. |