Finance Act 2005
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Amendment of section 118 (benefits in kind: general charging provision) of Principal Act. |
8.—Section 118 of the Principal Act is amended by substituting the following for subsection (5A): | |
“(5A) (a) 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, railway or ferry travel pass issued by or on behalf of one or more approved transport providers. | ||
(b) In this subsection— | ||
‘approved transport provider’ means— | ||
(a) Córas Iompair Éireann or any of its subsidiaries, | ||
(b) a holder of a passenger licence granted under section 7 of the Road Transport Act 1932 , | ||
(c) 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 , | ||
(d) the Railway Procurement Agency or any of its subsidiaries, | ||
(e) a person who has entered into an arrangement with the Railway Procurement Agency, in accordance with section 43 (6) of the Transport (Railway Infrastructure) Act 2001 to operate a railway, or | ||
(f) a person who provides a ferry service within the State, operating a vessel which holds a current valid— | ||
(i) passenger ship safety certificate, | ||
(ii) passenger boat licence, or | ||
(iii) high-speed craft safety certificate, | ||
issued by the Minister for Communications, Marine and Natural Resources; | ||
‘railway pass’ includes a pass issued by a railway designated as a light railway or as a metro in a railway order made under section 43 of the Transport (Railway Infrastructure) Act 2001 .”. |