No. 15/1983:

FINANCE ACT, 1983

ARRANGEMENT OF SECTIONS

PART I

INCOME TAX, INCOME LEVY, CORPORATION TAX AND CAPITAL GAINS TAX

CHAPTER I

Income Tax

Section

1. Amendment of section 1 (exemption from income tax) of Finance Act, 1980.

2. Alteration of rates of income tax.

3. Maintenance in the case of separated spouses.

4. Separated spouses: adaptation of special provisions as to married persons.

5. Amendment of section 6 (special allowance in respect of P. R. S.I. for 1982-83) of Finance Act, 1982.

6. Amendment of Part IX (special provisions relating to year of marriage) of Income Tax Act, 1967.

7. Cesser of Part XX (relief to investors in Irish securities) of Income Tax Act, 1967.

8. Amendment of section 344 (exemption of interest on certain deposits) of Income Tax Act, 1967.

9. Amendment of Part XXVI (appeals) of Income Tax Act, 1967.

10. Amendment of section 496 (repayment for interest paid to banks, discount houses, etc.) of Income Tax Act, 1967.

CHAPTER II

Taxation of Farming Profits

11. Charge of farming profits under Schedule D.

12. Application for 1983-84 of section 20A (optional basis of assessment) of Finance Act, 1974.

13. Farming: provision relating to relief in respect of increase in stock values.

14. Amendment of section 307 (relief for losses) of Income Tax Act, 1967.

15. Amendment of section 22 (farm buildings: capital allowances) of Finance Act, 1974.

CHAPTER III

Income Levy

16. Income levy.

CHAPTER IV

Anti-avoidance and Anti-evasion

17. Amendment of section 175 (power to obtain information as to interest paid or credited without deduction of tax) of Income Tax Act, 1967.

18. Information to be furnished by financial institutions.

19. Chargeability of certain profits or gains.

20. Return of property.

21. Return by nominee holders of securities.

22. Obligation to show tax reference number on receipts, etc.

23. Publication of names of tax defaulters.

CHAPTER V

Income Tax and Corporation Tax

24. Amendment of section 58 (Schedule D deduction of payments to trustees) of Finance Act, 1982.

25. Amendment of provisions relating to restriction of relief for interest.

26. Amendment of provisions relating to relief in respect of increase in stock values.

27. Application of section 31 (building societies) of Corporation Tax Act, 1976, for 1983-84.

28. Distributions: increase in tax credits, etc.

29. Application of section 23 (deduction for certain expenditure on construction of rented residential accommodation) of Finance Act, 1981.

30. Application of section 24 (provisions supplementary to section 23) of Finance Act, 1981.

CHAPTER VI

Corporation Tax

31. Continuance of relief in respect of increase in employment.

32. Exemption from corporation tax of profits of Bord Gáis Éireann.

33. Amendment of section 56 (export of certain goods) of Corporation Tax Act, 1976.

34. Extension of exempted transactions in relation to agricultural societies.

35. Amendment of section 98 (loans to participators, etc.) of Corporation Tax Act, 976.

36. Amendment of section 143 (return of profits) of Corporation Tax Act, 1976.

37. Amendment of section 146 (appeals) of Corporation Tax Act, 1976.

CHAPTER VII

Advance Corporation Tax

38. Liability for advance corporation tax.

39. Set-off of advance corporation tax.

40. Rectification of excessive set-off of advance corporation tax.

41. Calculation of advance corporation tax where company receives distributions.

42. Tax credit recovered from company.

43. Restriction as to payment of tax credit.

44. Group dividends.

45. Surrender of advance corporation tax.

46. Change in ownership of company: calculation and treatment of advance corporation tax.

47. Distributions to certain non-resident companies.

48. Interest in respect of certain securities.

49. Dividends paid before 1st July, 1983.

50. Returns and collection of advance corporation tax.

51. Cesser of certain provisions.

52. Transitional reduction of advance corporation tax.

53. Application of Corporation Tax Acts.

CHAPTER VIII

Capital Gains Tax

54. Extension of section 19 (Government and other securities) of Capital Gains Tax Act, 1975.

55. Amendment of Schedule 4 (administration) to Capital Gains Tax Act, 1975.

56. Chargeable gains accruing on disposals by certain persons.

PART II

CUSTOMS AND EXCISE

57. Foreign travel.

58. Televisions.

59. Video players.

60. Hydrocarbons.

61. Motor Vehicles.

62. Gaming licences.

63. Gaming machine licences.

64. Firearm certificates.

65. Dogs.

66. Auctioneers and house agents.

67. Bookmakers.

68. Repayment of excise duty on licences not used.

69. Amendment of section 50 (penalty for the wholesale dealing in or the sale by retail of intoxicating liquor without a licence) of Finance (1909-10) Act, 1910.

70. Amendment of section 21 (duties on hydrocarbon oils) of Finance Act, 1935.

71. Amendment of section 23 (forfeiture) of Finance Act, 1946.

72. Amendment of section 34 (amendments relative to penalties) of Finance Act, 1963.

73. Excise duties on licences for mechanically propelled vehicles.

74. Increase of excise duty on driving licences.

75. Increase of excise duties on motor vehicle trade licences.

76. Confirmation of Orders.

PART III

VALUE-ADDED TAX

77. Interpretation (Part III).

78. Amendment of section 3 (delivery of goods) of Principal Act.

79. Amendment of section 8 (accountable persons) of Principal Act.

80. Amendment of section 9 (registration) of Principal Act.

81. Amendment of section 11 (rates of tax) of Principal Act.

82. Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.

83. Amendment of section 15 (charge of tax on imported goods) of Principal Act.

84. Amendment of section 19 (tax due and payable) of Principal Act.

85. Amendment of section 25 (appeals) of Principal Act.

86. Amendment of Second Schedule to Principal Act.

87. Amendment of Third Schedule to Principal Act.

88. Insertion of Sixth Schedule in Principal Act.

89. Relief for hotels etc.

PART IV

STAMP DUTIES

90. Levy on banks.

91. Amendment of section 17 (stamp duty in respect of credit cards and charge cards) of Finance (No. 2) Act, 1981.

92. Amendment of section 74 (stamp duty on gifts inter vivos) of Finance (1909-10) Act, 1910.

93. Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982.

PART V

REVENUE OFFENCES

94. Revenue offences.

PART VI

RESIDENTIAL PROPERTY TAX

95. Interpretation (Part VI).

96. Charge of residential property tax.

97. Taxable residential property of a person.

98. Market value of property.

99. Apportionment of market values.

100. Market value exemption limit.

101. Income exemption limit.

102. Marginal reliefs.

103. Delivery of returns.

104. Assessment and payment of tax.

105. Interest on tax.

106. Payment to Collector.

107. Overpayment of tax.

108. Appeals regarding value of residential property.

109. Appeals in other cases.

110. Recovery of tax.

111. Evidence in proceedings for recovery.

112. Penalties.

113. Relief from double taxation.

114. Extension of certain Acts.

115. Regulations.

116. Authorisation of officers.

PART VII

MISCELLANEOUS

117. Capital Services Redemption Account.

118. Amendment of section 54 of Finance Act, 1970.

119. Payments from Central Fund to Post Office Savings Bank Fund.

120. Repeals.

121. Care and management of taxes and duties.

122. Short title, construction and commencement.

FIRST SCHEDULE

RATES OF EXCISE DUTY ON TELEVISIONS

SECOND SCHEDULE

RATES OF EXCISE DUTY ON GAMING LICENCES

THIRD SCHEDULE

RATES OF EXCISE DUTY ON FIREARM CERTIFICATES

FOURTH SCHEDULE

ENACTMENTS REPEALED

ACTS REFERRED TO

Number 15 of 1983

FINANCE ACT, 1983

AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE.

[8th June, 1983]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: