Finance Act, 1999
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Amendment of section 118 (benefits-in-kind: general charging provision) of Principal Act. |
33.—Section 118 of the Principal Act is hereby amended, as respects the year of assessment 1999-2000 and subsequent years of assessment, by the insertion of the following subsection after subsection (5): | |
“(5A) Subsection (1) shall not apply to expense incurred by the body corporate in or in connection with the provision for a director or employee of a monthly or annual bus or train pass issued by or on behalf of Córas Iompair Éireann or any of its subsidiaries, or by or on behalf of a holder of a passenger licence granted under section 7 of the Road Transport Act, 1932 , or by or on behalf of a person who provides a passenger transport service under an arrangement entered into with Córas Iompair Éireann in accordance with section 13 (1) of the Transport Act, 1950 .”. |