Finance Act, 1995
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Relief for certain payments to National Cooperative Farm Relief Services Ltd. and certain payments made to its members. |
57.—(1) In this section— | |
“the agreement” means the agreement in writing dated the 16th day of May, 1995, between the Minister for Agriculture, Food and Forestry and the National Co-operative for the provision of financial support for the development of agricultural services together with every amendment of the agreement in accordance with Article 9.1 thereof; | ||
“the commencement date” means the 12th day of December, 1994, being the date specified in the agreement as the commencement date; | ||
“a member co-operative”, “the Minister”, “the National Co-operative” and “society” have the meanings respectively assigned to them in section 52 (1) of the Finance Act, 1994 . | ||
(2) Notwithstanding any provision of the Corporation Tax Acts— | ||
(a) a payment made under Article 3.1 (a) of the agreement by the Minister on or after the commencement date to the National Co-operative, and | ||
(b) a transmission of monies under Article 3.4 in respect of payments under Article 3.1 (a) of the agreement by the National Co-operative on or after the commencement date to a member co-operative, | ||
shall be disregarded for all of the purposes of those Acts. |