Finance Act 2007
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Amendment of provisions relating to interest on repayments. |
121.— (1) Subsection (2) of section 865A (inserted by the Finance Act 2003 ) of the Principal Act is amended by substituting “93 days” for “6 months”. | |
(2) Subsection (3) of section 21A (inserted by the Finance Act 2003 ) of the Value-Added Tax Act 1972 is amended by substituting “93 days” for “six months” in both places where it occurs. | ||
(3) Subsection (3) of section 105D (inserted by the Finance Act 2003 ) of the Finance Act 2001 is amended by substituting “93 days” for “6 months” and “93 day period” for “6 month period”. | ||
(4) Paragraph (a) of the definition of “relevant date” in subsection (1) of section 57 (amended by the Finance Act 2003 ) of the Capital Acquisitions Tax Consolidation Act 2003 is amended by substituting “93 days” for “183 days”. | ||
(5) Paragraph (a) of the definition of “relevant date” in subsection (1) of section 159B (inserted by the Finance Act 2003 ) of the Stamp Duties Consolidation Act 1999 is amended by substituting “93 days” for “183 days”. | ||
(6) This section applies to interest payable under— | ||
(a) section 865A of the Principal Act, | ||
(b) section 21A of the Value-Added Tax Act 1972 , | ||
(c) section 105D of the Finance Act 2001 , | ||
(d) section 57 of the Capital Acquisitions Tax Consolidation Act 2003 , or | ||
(e) section 159B of the Stamp Duties Consolidation Act 1999 , | ||
on repayments to which those sections apply made on or after the passing of this Act. |