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Number 30 of 2018
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FINANCE ACT 2018
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CONTENTS
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PART 1
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Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax
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Chapter 1
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Interpretation
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1. Interpretation (Part 1)
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Chapter 2
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Universal Social Charge
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2. Amendment of section 531AN of Principal Act (rate of charge)
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Chapter 3
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Income Tax
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3. Amendment of section 15 of Principal Act (rate of charge)
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4. Amendment of section 472AB of Principal Act (earned income tax credit)
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5. Amendment of section 466A of Principal Act (home carer tax credit)
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6. Amendment of section 191 of Principal Act (taxation treatment of Hepatitis C compensation payments)
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7. Exemption of certain childcare support payments
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8. Certain benefits in kind: members of the Permanent Defence Force
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9. Benefit in kind: relief relating to electric vehicles
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10. Amendment of section 985A of Principal Act (application of section 985 to certain perquisites, etc.)
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11. Amendment of section 128F of Principal Act (key employee engagement programme)
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12. Retirement benefits
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13. Amendment of section 126 of Principal Act (tax treatment of certain benefits payable under Social Welfare Acts)
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14. Relief arising in special circumstances
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15. Amendment of section 825C of Principal Act (special assignee relief programme)
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Chapter 4
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Income Tax, Corporation Tax and Capital Gains Tax
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16. Taxation of payments under Magdalen Restorative Justice Ex-Gratia Scheme
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17. Amendment of section 285A of, and Schedule 4A to, Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment)
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18. Acceleration of wear and tear allowances for gas vehicles and refuelling equipment
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19. Amendment of Parts 9 and 36 of, and Schedule 25B to, Principal Act (capital allowances for equipment and buildings used for the purposes of providing childcare services or a fitness centre to employees)
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20. Amendment of section 438A of Principal Act (extension of section 438 to loans by companies controlled by close companies)
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21. Amendment of Part 23 of Principal Act (farming and market gardening)
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22. Amendment of section 486C of Principal Act (relief from tax for certain start-up companies)
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23. Amendment of section 97 of Principal Act (computational rules and allowable deductions)
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24. Amendment of section 216A of Principal Act (rent-a-room relief)
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25. Relief for investment in corporate trades
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Chapter 5
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Corporation Tax
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26. Amendments relating to relief for investment in films
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27. Controlled foreign companies
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28. Amendment of section 291A of Principal Act (intangible assets)
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Chapter 6
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Capital Gains Tax
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29. Amendment of section 579B of Principal Act (trustees ceasing to be resident in the State)
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30. Amendment of section 603A of Principal Act (disposal of site to child)
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31. Amendment of section 604B of Principal Act (relief for farm restructuring)
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32. Exit tax, etc. - substitution of new Chapter 2 of Part 20 of Principal Act
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PART 2
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Excise
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33. Amendment of Chapter 1 of Part 2 of Finance Act 2017 (sugar sweetened drinks tax)
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34. Rates of tobacco products tax
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35. Amendment of Chapter 1 of Part 2 of Finance Act 2002 (consolidation and modernisation of betting duties law)
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36. Amendment of section 130 of Finance Act 1992 (interpretation)
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37. Amendment of section 132 of Finance Act 1992 (charge of excise duty)
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38. Amendment of section 134 (permanent reliefs) and section 141 (regulations) of Finance Act 1992
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39. Amendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.)
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40. Amendment of section 135D of Finance Act 1992 (repayment of amounts of vehicle registration tax on export of certain vehicles)
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41. Proportionate payment of vehicle registration tax on certain vehicles temporarily brought into State
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PART 3
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Value-Added Tax
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42. Interpretation (Part 3)
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43. Rates of value-added tax
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44. Amendment of section 94 of Principal Act (supplies of immovable goods (new rules))
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45. Amendment of section 104 of Principal Act (repayments in specific circumstances)
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PART 4
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Stamp Duties
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46. Interpretation (Part 4)
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47. Amendment of sections 31 and 31A of Principal Act
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48. Amendments in relation to certain farming reliefs
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49. Right of appeal in relation to refund claims
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PART 5
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Capital Acquisitions Tax
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50. Interpretation (Part 5)
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51. Miscellaneous amendments to Principal Act
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52. Amendment of section 86 of Principal Act (exemption relating to certain dwellings)
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53. Amendment of Schedule 2 to Principal Act (computation of tax)
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PART 6
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Miscellaneous
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54. Interpretation (Part 6)
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55. Appeal procedures
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56. Amendment of section 851A of Principal Act (confidentiality of taxpayer information)
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57. Amendment of section 858 of Principal Act (evidence of authorisation)
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58. PAYE modernisation
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59. Amendment of Part 41A of Principal Act (assessing rules including rules for self assessment)
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60. Amendment of certain tax exemption provisions
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61. Amendment of Part 5 of Schedule 24A to Principal Act (orders pursuant to section 826(1E) in relation to the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting)
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62. Miscellaneous technical amendments in relation to tax
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63. Amendment of section 44 of Forestry Act 1988
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64. Care and management of taxes and duties
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65. Short title, construction and commencement
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SCHEDULE 1
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Amendments to Capital Acquisitions Tax Consolidation Act 2003
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SCHEDULE 2
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Miscellaneous Technical Amendments in Relation to Tax
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Acts Referred to
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Capital Acquisitions Tax Consolidation Act 2003
(No. 1)
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Child Care Act 1991
(No. 17)
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Childcare Support Act 2018
(No. 11)
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Companies Act 2014
(No. 38)
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Electricity Regulation Act 1999
(No. 23)
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Finance Act 1992
(No. 9)
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Finance Act 1998
(No. 3)
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Finance Act 1999
(No. 2)
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Finance Act 2001
(No. 7)
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Finance Act 2002
(No. 5)
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Finance Act 2005
(No. 5)
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Finance Act 2011
(No. 6)
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Finance Act 2017
(No. 41)
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Forestry Act 1988
(No. 26)
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Harbours Act 1996
(No. 11)
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Housing (Private Rented Dwellings) Act 1982
(No. 6)
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Insurance (Amendment) Act 2018
(No. 21)
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Insurance Act 1964
(No. 18)
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Interpretation Act 2005
(No. 23)
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Ministers and Secretaries (Amendment) Act 2011
(No. 10)
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Public Service Pay and Pensions Act 2017
(No. 34)
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Road Safety Authority (Commercial Vehicle Roadworthiness) Act 2012
(No. 16)
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Social Welfare Consolidation Act 2005
(No. 26)
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Stamp Duties Consolidation Act 1999
(No. 31)
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Taxes Consolidation Act 1997
(No. 39)
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Tourist Traffic Acts 1939 to 2003
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Value-Added Tax Consolidation Act 2010
(No. 31)
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Number 30 of 2018
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FINANCE ACT 2018
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An Act to provide for the imposition, repeal, remission, alteration and regulation of taxation, of stamp duties and of duties relating to excise and otherwise to make further provision in connection with finance including the regulation of customs.
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[19th December, 2018]
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Be it enacted by the Oireachtas as follows:
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