Finance Act, 2001
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Amendment of section 12 (deduction for tax borne or paid) of Principal Act. |
188.—Section 12 of the Principal Act is amended— | |
(a) by the insertion in paragraph (a) of subsection (1) after “deduct”, of “, subject to making any adjustment required in accordance with section 12D,”, | ||
(b) by the insertion in paragraph (b) (inserted by the Finance Act, 1987 ) of subsection (1) of the following after paragraph (ia): | ||
“(ib) the operation, in accordance with Commission Regulation (EC) No. 2777/2000 of 18 December 2000, of the Cattle Testing or Purchase for Destruction Scheme, by a body who is a taxable person by virtue of the Value-Added Tax (Agricultural Intervention Agency) Order, 2001 ( S.I. No. 11 of 2001 ).”, | ||
and | ||
(c) by the substitution in paragraph (f) of subsection (4) (inserted by the Act of 2000) of “shall” for “may”. |