Finance Act, 2002

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Amendment of Chapter 2 (payments to subcontractors in certain industries) of Part 18 of Principal Act.

51.—(1) Chapter 2 of Part 18 of the Principal Act is amended—

(a) in section 530(1)—

(i) in paragraph (b) of the definition of “construction operations”, by inserting “telecommunication apparatus,” after “power lines,”, and

(ii) in the definition of “meat processing operations”, by inserting the following after paragraph (f):

“(fa) the rendering of the carcasses or any part of the carcasses of slaughtered cattle, sheep, pigs, domestic fowl, turkeys, guinea-fowl, ducks or geese,”,

and

(b) in section 531—

(i) in subsection (8), by substituting “the Income Tax (Relevant Contracts) Regulations 2000 ( S.I. No. 71 of 2000 )” for “the Income Tax (Construction Contracts) Regulations, 1971 ( S.I. No. 1 of 1971 ),”,

(ii) in subsection (10), by substituting “the Income Tax (Relevant Contracts) Regulations 2000” for “the Income Tax (Construction Contracts) Regulations, 1971 ( S.I. No. 1 of 1971 ),”, and

(iii) in subsection (11)—

(I) in paragraph (a)(iv)(A), by substituting “taxes, interest and penalties” for “taxes”, and

(II) in paragraph (b), by substituting “subparagraphs (i) to (iv) and (vi)” for “subparagraphs (i) to (iv)”.

(2)  (a) Paragraph (a), and subparagraph (iii)(I) of paragraph (b), of subsection (1) shall apply as on and from 1 April 2002.

(b) Subparagraph (i) and (ii) of subsection (1)(b) shall be deemed to have come into operation as on and from 6 April 2000.