1. HomeBaile
  2. ActsAchtanna
  3. 2000
  4. Finance Act, 2000

Finance Act, 2000

Amendment of section 243 (allowance of charges on income) of Principal Act.

65.—(1) Section 243(5) of the Principal Act is amended by the substitution for “except where the company has been authorised by the Revenue Commissioners to do otherwise, the company deducts income tax which it accounts for under sections 238 and 239, or under sections 238 and 241, as the case may be, or” of the following:

“except where—

(I) the company has been authorised by the Revenue Commissioners to do otherwise, or

(II) the interest is interest referred to in paragraph (b) or (h) of section 246(3),

the company deducts income tax which it accounts for under sections 238 and 239, or under sections 238 and 241, as the case may be, or”.

(2) This section shall apply as on and from 10 February 2000.