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Tax treatment of horses and greyhounds
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66. (1) The Principal Act is amended—
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(a) in section 2(1) by substituting the following for the definition of “livestock”:
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“ ‘livestock’ means live—
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(a) cattle, sheep, goats, pigs and deer, and
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(b) horses normally intended for use in the preparation of foodstuffs or in agricultural production;”,
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(b) in section 46(1)—
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(i) in paragraph (ca) by substituting “, 13(3) and 13B(1) to (3)” for “and 13(3)”, and
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(ii) in paragraph (d) by deleting “and live greyhounds and to the hire of horses”,
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and
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(c) in Schedule 3—
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(i) in paragraph 10 by substituting the following for subparagraph (2):
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“(2) Animal insemination services other than the services specified in subparagraphs (4) and (5) of paragraph 13B.”,
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and
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(ii) by inserting the following Part after Part 2A:
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“PART 2B
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Certain Supplies with Reduced Rate: Special Provisions in Accordance with Article 113 of the VAT Directive
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Horses and greyhounds
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13B. (1) The supply of live horses other than horses normally intended for use in—
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(a) the preparation of foodstuffs, or
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(b) agricultural production.
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(2) The hire of horses.
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(3) The supply of live greyhounds.
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(4) The supply of insemination services for greyhounds.
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(5) The supply of insemination services for horses other than horses normally intended for use in—
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(a) the preparation of foodstuffs, or
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(b) agricultural production.
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(6) The supply of horse semen from horses other than horses normally intended for use in—
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(a) the preparation of foodstuffs, or
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(b) agricultural production.”.
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(2) Subsection (1) comes into operation on such day as the Minister for Finance may appoint by order.
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