Finance Act, 1996
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Amendment of section 15 (qualifying companies) of Finance Act, 1984. |
22.— Section 15 of the Finance Act, 1984 , is hereby amended by the insertion of the following subsection after subsection (3B): | |
“(3C) A company, whose trade consists of the production, publication, marketing and promotion of a qualifying recording within the meaning of subsection (2D) (inserted by the Finance Act, 1996) of section 16, shall not be a qualifying company— | ||
(a) unless it exists solely for the purposes of the production, publication, marketing and promotion of a qualifying recording or qualifying recordings by one, and only one, new artist, and | ||
(b) unless and until and so long as it shows to the satisfaction of the Revenue Commissioners that a certificate referred to in the said subsection (2D) has been given, and not revoked, by the Minister for Arts, Culture and the Gaeltacht to the company in relation to such qualifying recording or qualifying recordings.”. |