S.I. No. 147/2010 - Finance Act 2010 (Section 133 (1)) (Commencement) Order 2010.
Notice of the making of this Statutory Instrument was published in | ||
“Iris Oifigiúil” of 13th April, 2010. | ||
I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 133 (2) of the Finance Act 2010 (No. 5 of 2010), hereby order as follows: | ||
1. This Order may be cited as the Finance Act 2010 (Section 133(1)) (Commencement) Order 2010. | ||
2. The date of the making of this Order is appointed as the day on which section 133 (1) of the Finance Act 2010 (No. 5 of 2010) comes into operation. | ||
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Given under my official seal, | ||
8 April 2010. | ||
BRIAN LENIHAN, | ||
Minister for Finance. | ||
EXPLANATORY NOTE | ||
(This note is not part of the Instrument and does not purport to be a legal interpretation). | ||
This Order provides for the coming into effect of section 133 (1) of the Finance Act 2010 . | ||
Section 133(1) of the Finance Act amends sections 8 , 12 and 17 of the VAT Act 1972 . It provides for the reverse charge mechanism to apply where a taxable person who carries on a business in the State receives greenhouse gas emission allowances from another taxable person who carries on a business in the State. | ||
Section 133(1) of the Finance Act transposes Council Directive 2010/23/EU of 16 March 2010 1 which amends Council Directive 2006/112/EC of 28 November 2006 2 on the common system of value added tax. Council Directive 2010/23/EU provides for an optional and temporary application of the reverse charge mechanism in relation to supplies of certain services susceptible to fraud. | ||
1 OJ No. L 72, 20.03.2010, p.1 | ||
2 OJ No. L347, 11.12.2006, p.1 | ||
