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Uimhir 15 de 1947.
AN tACHT AIRGEADAIS, 1947.
[An tiontó oifigiúil.]
CUID I.
Cain Ioncaim.
Cáin ioncaim agus forcháin in aghaidh na bliana 1947-48.
1.—(1) Muirearófar cáin ioncaim in aghaidh na bliana dar tosach an 6ú lá d'Aibreán, 1947, do réir sé scillinge agus sé pingne faoin bpunt.
(2) Muirearófar forcháin in aghaidh na bliana dar tosach an 6ú lá d'Aibreán, 1947, ar ioncam aon phearsan ar mó ná míle agus cúig céad punt iomlán a ioncaim ó gach bunadh, agus is do réir na rátaí ar dá réir a muirearaítear í in aghaidh na bliana dar tosach an 6ú lá d'Aibreán, 1946, a muirearófar amhlaidh í.
(3) Na forála, reachtúla agus eile, a bhí i bhfeidhm an 5ú lá d'Aibreán, 1947, maidir le cáin ioncaim agus forcháin, beidh éifeacht acu uile agus faoi seach, faoi réir forál an Achta seo, maidir leis an gcáin ioncaim agus an fhorcháin a muirearófar mar adúradh in aghaidh na bliana dar tosach an 6ú lá d'Aibreán, 1947.
Lamháltais phearsanta a athrú.
2.—Déanfar fo-alt (1) d'alt 18 den Finance Act, 1920, arna leasú le halt 3 den Acht Airgeadais, 1939 (Uimh. 18 de 1939), a léiriú agus beidh éifeacht aige amhail is dá ndéantaí na focail “two hundred and sixty pounds” a chur ann in ionad na bhfocal “two hundred and twenty pounds” agus na focail “one hundred and forty pounds” a chur ann in ionad na bhfocal “one hundred and twenty pounds”.
Leasuithe maidir le dliteanas cuideachtan árachais.
3.—(1) I gcás ina ndéantar brabúis chuideachtan árachais i leith a gnótha árachais saoil a áireamh, chun críocha na nAcht Cánach Ioncaim, do réir na rialacha a bhaineas le Cás I de Sceideal D den Income Tax Act, 1918, ansin, faoi réir fo-ailt (3) den alt seo, beidh éifeacht ag na forála seo a leanas:—
(a) eisiafar ón áireamh an chuid de na brabúis sin is le sealbhóirí polasaithe nó le blianachtóirí nó a dáileofar dóibh nó a caitear thar a gceann;
(b) eisiafar freisin ón áireamh an chuid de na brabúis sin a bheas ar forcoimeád do shealbhóirí polasaithe nó do bhlianachtóirí, ach má tharlann i gcás aon bhrabús a heisiafar amhlaidh mar bhrabúis a bheas ar forcoimeád amhlaidh go scoirfid aon tráth de bheith ar forcoimeád amhlaidh agus ná dáileofar iad do shealbhóirí polasaithe nó blianachtóirí nó ná caithfear thar a gceann sin iad, ansin, deighleálfar leis na brabúis sin mar bhrabúis de chuid na cuideachtan don bhliain inar scoireadar de bheith ar forcoimeád amhlaidh.
(2) I gcás gnó árachais saoil gnáthach agus gnó árachais saoil tionsclach a bheith á seoladh ag cuideachtain árachais, ansin, faoi réir fo-ailt (3) den alt seo, deighlealfar, chun críocha na nAcht Cánach Ioncaim, le gnó gach aicme acu sin amhail is dá mba ghnó ar leithligh é agus beidh feidhm ag alt 33 den Income Tax Act, 1918, maidir le gach aicme ghnótha ar leithligh den tsórt sin.
(3) Ní bhainfidh fo-alt (1) ná fo-alt (2) den alt seo le cuideachtain árachais i leith aon bhliana meisiúnachta mura roghnóidh an chuideachta, trí fhógra i scríbhinn a thabhairt don chigire cánach laistigh de dhá mhí dhéag tar éis deireadh na bliana sin, go mbainfidh an dá fho-alt sin (1) agus (2) leis an gcuideachtain sin i leith na bliana sin.
Riail 6 de na Rialacha Ilghnéitheacha a bhaineas le Sceideal D a leasú.
4.—I gcás—
(a) ina bhféadfar, de bhun Rialach 6 de na Rialacha Ilghneitheacha a bhaineas le Sceideal D den Income Tax Act, 1918, cáin d'aon bhliain mheisiúnachta a mhuirearú ar an oifigeach cuí ag á mbeidh bainistí cuntas comhluchta, agus
(b) ina mbeidh an comhlucht sin, an bhliain sin, ag áitiú aon mhaoine a mbeadh aon cháin ina leith faoi Sceideal A den Acht sin don bhliain sin le fulaing, i ndeireadh na dála, ag an gcomhlucht sin mura mbeadh an t-alt seo
ansin, nuair a beifear ag áireamh an mhéid a bhféadfar an t-oifigeach cuí sin a mhuirearú ina leith amhlaidh don bhliain sin, bainfear as suim is comhionann le pé méid acu seo a leanas is lú—
(i) an méid a bhféadfaí, mura mbeadh an t-alt seo, an t-oifigeach cuí sin a mhuirearú amhlaidh ina leith,
(ii) an méid glan a mbeadh an cháin ina leith, a dtagartar di i mír (b) den alt seo, le fulaing, i ndeireadh na dála, ag an gcomhlucht sin mura mbeadh an t-alt seo.
CUID II.
Custaim agus Mal.
Na dleachta sa Chéad Sceideal a fhorchur.
5.—(1) Muirearófar, toibheofar agus íocfar ar gach earra dá luaitear sa dara colún den Chéad Sceideal a ghabhas leis an Acht seo agus a hallmhuireofar an 8ú lá de Bhealtaine, 1947, nó dá éis sin, dleacht chustam do réir an ráta a luaitear sa tríú colún den Chéad Sceideal sin os coinne lua na hearra sa dara colún sin.
(2) I gcás ina bhfuil céatadán luaite sa tríú colún den Chéad Sceideal a ghabhas leis an Acht seo os coinne lua aon earra sa dara colún den Chéad Sceideal sin, léireofar sin mar ní a chiallaíos ráta dleachta is comhionann leis an gcéatadán sin de luach na hearra sin.
(3) I ngach áit ina bhfuil sé ráite, gan coinníoll, sa cheathrú colún den Chéad Sceideal a ghabhas leis an Acht seo go mbaineann forála ailt 8 den Finance Act, 1919, le dleacht a luaitear sa Chéad Sceideal sin, bainfidh forála an ailt sin 8 leis an dleacht sin ach an abairt “the area of application of the Acts of the Oireachtas” a chur in ionad na habairte “Great Britain and Ireland” agus amhail is dá mbeadh na hearraí is inchurtha faoin dleacht sin luaite sa Dara Sceideal a ghabhas leis an Acht sin sa liost d'earraí a gcuirtear dhá dtrian den lán-ráta i mbaint leo mar ráta fábhair.
(4) Gach áit ina bhfuil sé ráite sa cheathrú colún den Chéad Sceideal a ghabhas leis an Acht seo go mbaineann an fhoráil cheadúnúcháin le dleacht áirithe a luaitear sa Chéad Sceideal sin, beidh feidhm agus éifeacht ag an bhforáil seo a leanas maidir leis an dleacht sin, is é sin le rá:—aon uair is dóigh leis an Aire Airgeadais, tar éis dó dul i gcomhairle leis an Aire Tionscail agus Tráchtála, gur ceart sin a dhéanamh, féadfaidh na Coimisinéirí Ioncaim, le ceadúnas, a údarú d'aon duine áirithe, faoi réir comhlíonadh pé coinníoll is oiriúnach leo a fhorchur, aon earraí is inchurtha faoin dleacht sin a allmhuiriú gan an dleacht sin a íoc orthu nó, i gcás aon earraí den tsórt sin a bheas allmhuirithe cheana féin, a seachadadh a ghlacadh gan an dleacht sin a íoc orthu, agus sin, do réir mar is cuí leis na Coimisinéirí Ioncaim, gan teora maidir le ham ná le méid nó maidir le ceachtar acu nó laistigh de thréimhse shonraithe nó i gcainníocht shonraithe, ach i slí ná beidh aon cheadúnas den tsórt sin saor ó fhorála ailt 15 den Acht Airgeadais (Comhaontú leis an Ríocht Aontaithe), 1938 (Uimh. 12 de 1938).
(5) Na forála atá leagtha amach sa cheathrú colún den Chéad Sceideal a ghabhas leis an Acht seo ag aon uimhir thagartha sa Chéad Sceideal sin, beidh éifeacht acu, faoi réir forál fo-alt (3) agus (4) den alt seo, maidir leis an dleacht a luaitear ag an uimhir thagartha sin.
Na rátaí dleachta ar thobac a athrú.
6.—(1) Déanfar, amhail ar an 8ú lá de Bhealtaine, 1947, agus uaidh sin amach, an dleacht chustam ar thobac a forchuirtear le halt 20 den Acht Airgeadais, 1932 (Uimh. 20 de 1932), a mhuirearú, a thobhach, agus a íoc do réir na rátaí uile agus faoi seach a sonraítear i gCuid I den Dara Sceideal a ghabhas leis an Acht seo in ionad na rátaí ar dá réir atá an dleacht sin inmhuirir anois de bhuaidh ailt 12 den Acht Airgeadais, 1941 (Uimh. 14 de 1941).
(2) Déanfar, amhail ar an 8ú lá de Bhealtaine, 1947, agus uaidh sin amach, an dleacht mháil ar thobac a forchuirtear le halt 19 den Acht Airgeadais, 1934 (Uimh. 31 de 1934), a mhuirearú, a thobhach, agus a íoc do réir na rátaí uile agus faoi seach a sonraítear i gCuid II den Dara Sceideal a ghabhas leis an Acht seo in ionad na rátaí ar dá réir atá an dleacht sin inmhuirir anois de bhuaidh ailt 12 den Acht Airgeadais, 1941 (Uimh. 14 de 1941).
(3) Beidh feidhm ag fo-ailt (3) go (5) den alt sin 19 den Acht Airgeadais, 1934, maidir le tobac is inchurtha faoin dleacht mháil a forchuirtear le fo-alt (1) den alt sin do réir ráta a sonraítear i gCuid II den Dara Sceideal a ghabhas leis an Acht seo, agus chun críche na feidhme sin déanfar tagairtí sna fo-ailt sin (3) go (5) den alt sin 19 do Chuid I den Séú Sceideal a ghabhas leis an Acht Airgeadais, 1934, adúradh, a léiriú, agus beidh éifeacht acu, mar thagairtí do Chuid II den Dara Sceideal a ghabhas leis an Acht seo.
(4) An lacáiste ar thobac cruaidh-fháiscthe a luaitear i bho-alt (2) d'alt 17 den Acht Airgeadais, 1940 (Uimh. 14 de 1940), is lacáiste do réir dhá scilling agus ocht bpingne an punt a bheas ann maidir le haon tobac den tsórt sin a dhéanfas aon mhonaróir ceadúnaithe, an 8ú lá de Bhealtaine, 1947, nó dá éis, a dhíol agus a chur amach chun é á úsáid sa Stát.
Achta Airgeadais áirithe a leasú.
7.—(1) Déanfar gach Acht a luaitear ag ceann Coda den Tríú Sceideal a ghabhas leis an Acht seo a leasú mar leanas, is é sin le rá, déanfar gach alt, sceideal, nó uimhir thagartha den Acht sin, nó ann, a luaitear sa dara colún den Chuid sin den Tríú Sceideal sin a leasú sa tslí a luaitear sa tríú colún den Chuid sin den Tríú Sceideal sin os coinne lua an ailt, an sceidil nó na huimhreach tagartha sin (do réir mar atá) sa dara colún sin.
(2) Gach leasú a luaitear sa tríú colún de Chuid den Tríú Sceideal a ghabhas leis an Acht seo, beidh éifeacht aige amhail ar an dáta agus ón dáta a sonraítear sa chúigiú colún den Chuid sin den Tríú Sceideal sin os coinne lua an leasuithe sin sa tríú colún sin.
(3) Na sonraí a luaitear sa cheathrú colún den Tríú Sceideal a ghabhas leis an Acht seo is chuige amháin a cuireadh sa Tríú Sceideal sin iad chun go mb' usaide na dleachta faoi seach a aithint a ndéanann na leasuithe uile agus faoi seach a luaitear sa Tríú Sceideal sin difir dóibh, agus dá réir sin ní dhéanfaidh aon ní sa cheathrú colún sin difir do léiriú an ailt seo nó an Tríú-Sceidil sin ná ní oibreoidh sé chun réim nó éifeacht aon leasuithe dá luaitear sa Tríú Sceideal sin a leathnú, a theorannú, ná á rialú.
Dleachta custam áirithe a fhorceannadh.
8.—(1) Ní déanfar an dleacht a luaitear sa tríú colún den Cheathrú Sceideal a ghabhas leis an Acht seo ag aon uimhir thagartha sa Cheathrú Sceideal sin agus a forchuirtear leis na hachtacháin a luaitear sa Dara colún den Cheathrú Sceideal sin ag an uimhir thagartha sin a mhuirearú ná a thobhach ar aon earraí a hallmhuireofar ar an dáta nó i ndiaidh an dáta a sonraítear sa chúigiú colún den Cheathrú Sceideal sin ag an uimhir thagartha sin.
(2) Na sonraí a luaitear sa cheathrú colún den Cheathrú Sceideal a ghabhas leis an Acht seo is chuige amháin a cuireadh sa Cheathrú Sceideal sin iad chun go mb' usaide na dleachta uile agus faoi seach a luaitear sa tríú colún den Cheathrú Sceideal sin a aithint, agus dá réir sin ní dhéanfaidh aon ní sa cheathrú colún sin difir do léiriú, ná teorannú ná rialú ar oibriú, an ailt seo agus an dara agus an tríú colúin den Cheathrú Sceideal sin.
Ceadúnais chun allmhuiriú a dhéanamh gan dleachta custam a íoc.
9.—Más rud é, de bhuaidh forála in aon reacht nó ordú reachtúil (a ritheadh nó a rinneadh roimh an Acht seo a rith), go bhféadfaidh na Coimisinéirí Ioncaim, trí cheadúnas, a údarú do dhuine earraí is inchurtha faoin dleacht lena mbaineann na fhoráil sin a allmhuiriú gan an dleacht sin a íoc, nó ar an dleacht sin a íoc do réir ráta is lú ná an ráta is inmhuirir de ghnáth, déanfar, in aon chás ina mbeidh na hearraí sin allmhuirithe cheana féin, an tagairt sa bhforáil sin d'allmhuiriú na n-earraí sin a léiriú mar thagairt do sheachadadh a ghlacadh ar na hearraí sin.
An dleacht a shiamsa leasú.
10.—(1) Ar an 15ú lá de Lúnasa, 1947, agus dá éis sin, beidh éifeacht ag fo-alt (5) d'alt 25 den Acht Airgeadais, 1932 (Uimh. 20 de 1932), amhail is dá ndéantaí na rátaí seo a leanas a chur in ionad na rátaí a sonraítear sa bhfo-alt sin (5) is é sin le rá:—
Ráta na Dleachta | |||||||||
Má bhíonn an íocaíocht as dul isteach, gan an dleacht a áireamh, | |||||||||
s. | d. | s. | d. | s. | d. | ||||
níos mó ná | 0 | 4 | gan bheith níos mó ná | 0 | 4½ | ... | ... | 0 | 1½ |
,, | 0 | 4½ | ,, ,, ,, | 0 | 6 | ... | ... | 0 | 2 |
,, | 0 | 6 | ,, ,, ,, | 0 | 8 | ... | ... | 0 | 3 |
,, | 0 | 8 | ,, ,, ,, | 0 | 11½ | ... | ... | 0 | 4½ |
,, | 0 | 11½ | ,, ,, ,, | 1 | 3½ | ... | ... | 0 | 6½ |
,, | 1 | 3½ | ,, ,, ,, | 1 | 9 | ... | ... | 0 | 9 |
,, | 1 | 9 | ,, ,, ,, | 2 | 4½ | ... | ... | 1 | 1½ |
,, | 2 | 4½ | ,, ,, ,, | 3 | 0 | ... | ... | 1 | 6 |
,, | 3 | 0 | ,, ,, ,, | 4 | 0 | ... | ... | 2 | 0 |
,, | 4 | 0 | ... ... ... | ... | ... | ... | 2 | 0 ar an | |
gcéad 4s. agus 2s. ar gach 4s. nó cuid de 4s. sa bhreis. | |||||||||
(2) Ar an 15ú lá de Lúnasa, 1947, agus dá éis sin, beidh éifeacht ag fo-alt (2) d'alt 11 den Acht Airgeadais, 1936 (Uimh. 31 de 1936), amhail is dá ndéantaí na rátaí seo a leanas a chur in ionad na rátaí a sonraítear sa bhfo-alt sin (2), is é sin le rá:—
Ráta na Dleachta | |||||||||
Má bhíonn an íocaíocht as dul isteach, gan an dleacht a áireamh, | |||||||||
s. | d. | s. | d. | s. | d. | ||||
níos mó ná | 0 | 4 | gan bheith níos mó ná | 0 | 4½ | ... | ... | 0 | 1½ |
,, | 0 | 4½ | ,, ,, ,, | 0 | 6 | ... | ... | 0 | 2 |
,, | 0 | 6 | ,, ,, ,, | 0 | 7 | ... | ... | 0 | 3 |
,, | 0 | 7 | ,, ,, ,, | 0 | 8 | ... | ... | 0 | 4 |
,, | 0 | 8 | ,, ,, ,, | 0 | 10 | ... | ... | 0 | 5 |
,, | 0 | 10 | ,, ,, ,, | 1 | 0½ | ... | ... | 0 | 7½ |
,, | 1 | 0½ | ,, ,, ,, | 1 | 4 | ... | ... | 0 | 10 |
,, | 1 | 4 | ,, ,, ,, | 1 | 6 | ... | ... | 1 | 0 |
,, | 1 | 6 | ,, ,, ,, | 1 | 9 | ... | ... | 1 | 3 |
,, | 1 | 9 | ,, ,, ,, | 2 | 0 | ... | ... | 1 | 6 |
,, | 2 | 0 | ,, ,, ,, | 2 | 10½ | ... | ... | 2 | 1½ |
,, | 2 | 10½ | ,, ,, ,, | 4 | 0 | ... | ... | 3 | 0 |
,, | 4 | 0 | ... ... ... | ... | ... | ... | 3 | 0 ar an | |
gcéad 4s. agus 3s. ar gach 4s. nó cuid de 4s. sa bhreis. | |||||||||
(3) Beidh éifeacht ag mír (c) d'fho-alt (3) d'alt 11 den Acht Airgeadais, 1936 (Uimh. 31 de 1936), maidir le dleacht shiamsa (do réir bhrí an ailt sin 11) a híocfar ar íocaíochta, a déanfar an 15ú lá de Lúnasa, 1947, nó dá éis sin, as dul isteach go dtí siamsa in aon amharclainn den tsórt a luaitear sa bhfo-alt sin (3), amhail is dá ndéantaí na focail “tríocha faoin gcéad den diúité sin” a chur in ionad na bhfocal “leath an diúité sin”.
Dleacht ar cheadúnais cheantálaithe.
11.—Muirearófar, toibheofar, agus íocfar dleacht mháil deich bpunt ar gach ceadúnas ceantálaí a deonfar faoi alt 8 den Acht um Cheantálaithe agus Gníomhairí Tithe, 1947 (Uimh. 10 de 1947).
Dleacht ar cheada ceantála.
12.—Muirearófar, toibheofar, agus íocfar dleacht mháil deich bpunt ar gach cead ceantála a deonfar faoi alt 9 den Acht um Cheantálaithe agus Gníomhairí Tithe, 1947 (Uimh. 10 de 1947).
Dleacht ar choadúnais ghníomhairí tithe.
13.—Muirearófar, toibheofar, agus íocfar dleacht mháil dhá phunt ar gach cead gníomhaire thithe a deonfar faoi alt 10 den Acht um Cheantálaithe agus Gníomhairí Tithe, 1947 (Uimh. 10 de 1947).
CUID III.
Cain Bhrabus Corparaide.
Saoirsí áirithe ó cháin bhrabús corparáide a bhuanú.
14.—(1) Na saoirsí ó cháin bhrabús corparáide a bheirtear le halt 33 den Acht Airgeadais, 1929 (Uimh. 32 de 1929), arna leasú le halt 30 den Acht Airgeadais, 1931 (Uimh. 31 de 1931), agus le mír (b) d'fho-alt (1) d'alt 47 den Acht Airgeadais, 1932 (Uimh. 20 de 1932), agus a buanaíodh go dtí an 31ú lá de Nollaig, 1946, le halt 17 den Acht Airgeadais, 1944 (Uimh. 18 de 1944), beid arna mbuanú agus buanaítear iad leis seo go dtí an 31ú lá de Nollaig, 1949.
(2) Maidir le gach tréimhse chuntasaíochta dar tosach an 1ú lá d'Eanáir, 1947, nó aon lá dá éis sin, agus dar críoch an 31ú lá de Nollaig, 1949, nó aon lá roimhe sin, déanfar mír (b) d'fho-alt (1) d'alt 47 den Acht Airgeadais, 1932 (Uimh. 20 de 1932), a léiriú agus beidh éifeacht aige amhail is dá scriostaí an focal “trambhealaigh” as an mír sin agus déanfar fo-alt (1) den alt seo a léiriú agus beidh éifeacht aige dá réir sin.
Fórála maidir le hasbhaintí in aghaidh luach saothair stiúrthóirí i leith cánach brabús corparáide.
15.—Maidir le gach tréimhse chuntasaíochta dar críoch aon lá i ndiaidh an 31ú lá de Nollaig, 1946, déanfar an proviso (c) a ghabhas le fo-alt (2) d'alt 53 den Finance Act, 1920, agus fo-alt (4) d'alt 36 den Acht Airgeadais, 1941 (Uimh. 14 de 1941), a léiriú agus beidh éifeacht acu amhail is dá gcuirtí na focail “one thousand five hundred pounds” in ionad na bhfocal “one thousand pounds” sa phroviso sin agus na focail “míle agus cúig chéad déag punt” in ionad na bhfocal “míle punt” sa bhfo-alt sin.
Faoiseamh i leith caillteanas ar stoc a dhíol.
16.—(1) Chun críocha an ailt seo agus an Chúigiú Sceidil a ghabhas leis an Acht seo—
(a) déanfar an abairt “an tréimhse díolachán” a léiriú do réir na bhforál seo a leanas:—
(i) ciallóidh an abairt sin, faoi réir fo-mhíre (ii) den mhír seo, na blianta 1947 agus 1948,
(ii) má scoireann cuideachta, i rith na mblian sin, d'iomlán a trádála nó a gnótha a sheoladh, ciallóidh an abairt sin, maidir leis an gcuideachtain, an tréimhse dar tosach an lú lá d'Eanáir, 1947, agus dar críoch dáta an scoir sin;
(b) is tuigthe gurb é méid is fiú saghas áirithe stoic thrádála a bhí ar seilbh chun críocha trádála nó gnótha an 31ú lá de Nollaig, 1946, ná iomlán na méideanna dob fhiú na hítimí uile agus faoi seach a bhí sa tsaghas sin stoic thrádála, gach ítim ann á luacháil ar a chostas nó ar chostas a hathsholáthruithe an lá sin, pé acu sin is lú;
(c) is tuigthe gurb é méid is fiú an stoc trádála go léir a bhí ar seilbh chun críocha trádála nó gnótha an 31ú lá de Nollaig, 1946, ná iomlán na méideanna dob fhiú saghsanna uile agus faoi seach an an stoic thrádála a bhí ar seilbh chun críocha na trádála nó an ghnótha sin an 31ú lá de Nollaig, 1946;
(d) is tuigthe gurb í suim a fuarthas, i rith na tréimhse díolachán, ar an stoc trádála go léir a bhí ar seilbh chun críocha trádála nó gnótha an 31ú lá de Nollaig, 1946, ná iomlán na suimeanna uile agus faoi seach a fionnadh, maidir le saghsanna uile agus faoi seach an stoic thrádála sin, do réir Rialach 2 den Chúigiú Sceideal a ghabhas leis an Acht seo, gach suim faoi leith den tsórt sin á laghdú, más iomchuí sin, do réir Rialach 3 den Chúigiú Sceideal sin.
(2) Má dhéanann aon chuideachta a raibh trádáil nó gnó á sheoladh aici an 31ú lá de Nollaig, 1946, éileamh a chur, lá nach déanaí ná dhá mhí dhéag tar éis deireadh na tréimhse díolachán, chun na gCoimisinéirí Ioncaim ag lorg faoisimh faoin alt seo agus go gcruthóidh sí—
(a) go ndearnadh, an 31ú lá de Nollaig, 1946, stoc-áireamh ar an stoc trádála go léir a bhí ar seilbh an tráth sin chun críocha na trádála nó an ghnótha, agus
(b) gur mhó dob fhiú an stoc trádála sin go léir ná an tsuim a fuarthas i rith na tréimhse díolachán ar an stoc trádála sin go léir,
beidh éifeacht ag na forála seo a leanas—
(i) is tuigthe gur bhain caillteanas inéilithe don chuideachtain,
(ii) faoi réir míreanna (iii) agus (iv) den alt seo, is tuigthe gur suim is comhionann leis an mbreis sin an caillteanas inéilithe sin,
(iii) más rud é go raibh nó go mbeidh, go díreach nó go neamhdhíreach, ar dhuine ar bith, seachas an chuideachta, iomlán aon chaillteanais, nó aon chuid d'aon chaillteanas, a sheasamh a tharla i ndíolacháin, nó a thainig d'aon titim i luach, aon choda den stoc a bhí ar seilbh chun críocha na trádála nó an ghnótha an 31ú lá de Nollaig, 1947, laghdófar dá réir sin méid an chaillteanais inéilithe,
(iv) i gcás díolachán stoic a chur i gcuntas nuair a beifear ag ríomh brabús nó caillteanais na trádála nó an ghnótha i leith aon tréimhse cuntasaíochta dar tosach aon lá roimh an 1ú lá d'Eanáir, 1947, agus dar críoch an dáta sin nó aon lá dá éis, déanfar méid an chaillteanais inéilithe a áireamh amhail is dá mbeadh an méid dob fhiú an stoc trádála go léir a bhí ar seilbh chun críocha na trádála nó an ghnótha an 31ú lá de Nollaig, 1946, arna laghdú nó arna mhéadú, pé acu é, an oiread sin d'aon chaillteanas nó brabús ar an díolachán a dhéanfas, de bhuaidh aon chionroinnte faoi mhír (c) (mír a cuireadh isteach trí mhír (c) d'fho-alt (1) d'alt 25 den Acht Airgeadais, 1946 (Uimh. 15 de 1946)), d'fho-alt (3) d'alt 37 den Acht Airgeadais, 1941 (Uimh. 14 de 1941), difir do na brabúis nó don chaillteanas in aghaidh na coda den tréimhse chuntasaíochta a tháinig roimh an 1ú lá d'Eanáir, 1947, adúradh,
(v) lamhálfar an caillteanas inéilithe mar asbhaint nuair a beifear ag ríomh na mbrabús de chuid na cuideachtan is inchurtha faoi cháin ró-bhrabús corparáide i leith na tréimhse arb í, i gcás inar chríochnaigh tréimhse chuntasaíochta ag an gcuideachtain ar an 31ú lá de Nollaig, 1946, an tréimhse chuntasaíochta sin í, nó arb í, in aon chás eile, an chuid í, roimh an 1ú lá d'Eanáir, 1947, de thréimhse chuntasaíochta na cuideachtan dar thosach aon lá roimh an 1ú lá d'Eanáir, 1947, agus dar críoch an dáta sin nó aon lá dá éis, nó lamhálfar é mar bhreis le haon easnamh brabús don tréimhse sin, pé acu é.
(3) I gcás inar tuigthe, do réir ailt 14 den Acht Airgeadais, 1944 (Uimh. 18 de 1944), cuideachta iar-lá-ceaptha a bheith ina fochuideachtain ag cuideachtain ré-lá-ceaptha agus go mbaineann forála fo-ailt (5) den alt sin 14 leis na cuideachtana, beidh éifeacht ag na fo-ailt roimhe seo den alt seo ag féachaint go cuí do na forála atá san alt sin 14.
(4) Aon chuideachta a ndéanfar thar a ceann éileamh bréagach nó calaoiseach ar fhaoiseamh faoin alt seo dlífear pionós a chur uirthi is comhionann le trí oiread an fhaoisimh a beifear a éileamh.
(5) Go dtí go gcinnfear éileamh ar fhaoiseamh faoin alt seo, féadfaidh na Coimisinéirí Ioncaim cáin ró-bhrabús corparáide a mheisiúnú agus a bhailiú gan aird a thabhairt ar an éileamh, agus aon fhaoiseamh a bheas dlite i leith aon éilimh den tsórt sin bhéarfar é i bhfoirm aisíocaíochta.
(6) Féadfaidh aon chigire cánach, trí fhógra i scríbhinn, a cheangal ar aon chuideachtain a dhéanfas éileamh faoin alt seo tuairisceán a thabhairt dó i pé foirm a ordós na Coimisinéirí Ioncaim agus ina mbeidh pé sonraí a iarrfaid i dtaobh an stoic thrádála a bhí, nó is tuigthe a bhí, ar seilbh chun críocha na trádála nó an ghnótha ar aon dáta abhartha, agus i dtaobh aon nithe eile a bhainfeas leis an éileamh.
(7) Beidh ag fo-alt (6) d'alt 56 den Finance Act, 1920, agus fós ag an méid sin d'fho-alt (7) den alt sin agus na rialacháin faoi a bhaineas le hachomhairc, feidhm agus éifeacht, fara na modhnuithe is gá, maidir le faoiseamh a thabhairt faoin alt seo amhail mar bhainid le meisiúnachta chun cánach ró-bhrabús corparáide.
Léiriú Coda III de n Acht seo.
17.—Léifear agus léireofar an Chuid seo den Acht seo i dteannta Coda V den Finance Act, 1920, arna leasú nó arna leathnú le hachtacháin iardain, agus, go háirithe, léifear agus léireofar í i dteannta Coda V den Acht Airgeadais, 1941 (Uimh. 14 de 1941), Coda IV den Acht Airgeadais, 1942 (Uimh. 14 de 1942), Coda III den Acht Airgeadais, 1943 (Uimh. 16 de 1943), Coda II den Acht Airgeadais, 1944 (Uimh. 18 de 1944), agus Coda III den Acht Airgeadais, 1946 (Uimh. 15 de 1946).
CUID IV.
Dleachta Stampa.
Méadú na ndleacht stampa ar aistriú stoic agus urrús inmhargaidh.
18.—Is iad dleachta stampa is inmhuirir, an 1ú lá de Lúnasa, 1947, agus dá éis sin, ar thíolacadh nó aistriú stoc nó urrús inmhargaidh faoin teideal “Conveyance or Transfer on Sale of any property” sa Chéad Sceideal a ghabhas leis an Stamp Act, 1891, arna leasú le hailt 73 agus 74 den Finance (1909-10) Act, 1910, agus le halt 36 den Finance Act, 1920, ná dhá oiread na ndleacht dob inmhuirir díreach roimhe sin ar thíolacadh nó aistriú den tsórt sin.
Ionstraimí a dhéanas aistriú ár ghnó áirithe árachais a eis ceadh ó dhleacht stampa.
19.—Ní bheidh dleacht stampa inmhuirir ar aon chomhaontú, tíolacas, aistriú nó ionstraim eile a déanfar chun éifeacht a thabhairt d'aistriú gnótha an Industrial and Life Assurance Amalgamation Company, Limited, chun an Irish Assurance Company, Limited, mar foráltar i gclásal 10 den Chomhaontú a rinneadh an 13ú lá de Mheán Fómhair, 1938, idir an City of Dublin Assurance Company, Limited, den chéad pháirt, an Irish Life and General Assurance Company, Limited, den dara páirt, an Irish National Assurance Company, Limited, den tríú páirt, agus Comhlucht Urrudhais Mumhan agus Laighean, Teoranta (Munster and Leinster Assurance Company, Limited) den cheathrú páirt, agus a bhfuil cóip de leagtha amach sa Sceideal a ghabhas leis an Acht Arachais (Leasú), 1938 (Uimh. 31 de 1938).
CUID V
Ilghneitheach agus Ginearalta.
An Revenue (No. 1) Act, 1861, a athghairm.
20.—Athghairmtear leis seo, amhail ar an 6ú lá d'Iúil, 1947, agus uaidh sin amach, an Revenue (No. 1) Act, 1861.
Cúram agus bainistí cánach agus dleacht.
21.—Cuirtear faoi chúram agus bainistí na gCoimisinéirí Ioncaim leis seo na cánacha agus na dleachta uile a forchuirtear leis an Acht seo.
Gearrtheideal léiriú agus tosach feidhme.
22.—(1) Féadfar an tAcht Airgeadais, 1947, a ghairm den Acht seo.
(2) Déanfar Cuid I den Acht seo a léiriú i dteannta na nAcht Cánach Ioncaim.
(3) Déanfar Cuid II den Acht seo, a mhéid a bhaineas sí le dleachta custam, a léiriú i dteannta na nAcht Custam agus, a mhéid a bhaineas sí le dleachta máil, léireofar í i dteannta na reacht a bhaineas leis na dleachta máil agus le bainistí na ndleacht sin.
(4) Is tuigthe Cuid I den Acht seo a theacht i bhfeidhm an 6ú lá d'Aibreán, 1947, agus beidh éifeacht aici amhail ar an lá sin agus uaidh sin amach.
AN CHEAD SCEIDEAL.
Dleachta Custam Airithe.
Uimh. Thag. | Tuairisc na hearra is inchurtha faoi dhleacht | Ráta na dleachta | Forála speisialta |
1 | Aon earra (is féilire nó almanac) arb é atá ann ar fad nó go formhór, nó a bhfuil ina phríomhchuid de— (a) iomchúdach atá déanta go hiomlán de chairtchlár agus a bhfuil leatháin nó duillíní páipéir nó cairtchláir greamaithe dhe, i bhfoirm bloic nó peaid nó eile, a bhfuil dátaí nó grupaí dátaí i ndiaidh a chéile i mbliain áirithe clóbhuailte orthu nó atá oiriúnach chun na dátaí in aon bhliain a thaispeáint, nó (b) leathán páipéir nó cairtchláir nó leatháin de na habhair sin a bhfuil dátaí nó grúpaí dátaí i ndiaidh a chéile i mbliain áirithe clóbhuailte orthu, ach gan aon earra a áireamh is inchurtha faoin dleacht a forchuirtear le halt 7 den Acht Airgeadais, 1936 (Uimh. 31 de 1936), agus a luaitear ag uimhir thagartha 20 sa Chéad Sceideal a ghabhas leis an Acht sin. | 50% | Folaíonn an focal “cairtchlár,” gach áit a bhfuil sé sa dara colún ag an uimhir thagartha seo, paistchlár, tuíchlár, paistchlár úctha nó abhar eile dá samhail sin. An dleacht a luaitear ag an uimhir thagartha seo is dleacht í in ionad gach dleachta eile is inmhuirir ar an earra. Baineann forála ailt 8 den Finance Act, 1919, leis an dleacht a luaitear ag an uimhir thagartha seo ach an abairt “the area of application of the Acts of the Oireachtas” a chur in ionad na habairte “Great Britain and Ireland” agus amhail is dá mbeadh na hearraí is inchurtha faoin dleacht sin luaite sa Dara Sceideal a ghabhas leis an Acht sin sa liosta d'earraí a gcuirtear caoga faoin gcéad den lánráta i mbaint leo mar ráta fábhair. Baineann an fhoráil cheadúnúcháin leis an dleacht a luaitear ag an uimhir thagartha seo. |
2 | 1. Earraí— (a) is dóigh leis na Coimisineirí Ioncaim, is dealbha, deilbhíní nó bustaí, agus (b) is dóigh leis na Coimisineirí Ioncaim atá déanta ar fad nó go formhór de bhándóib nó de papier maché, nó de bhándóib agus de papier maché le chéile, agus (c) atá deich n-orlach ar a laghad ar airde. 2. Earraí— (a) is dóigh leis na Coimisineirí Ioncaim is figiúirí, crutha nó seastáin atá oiriúnach chun a n-úsáidte chun earraí a thaispeáint chun a ndíolta, agus (b) is dóigh leis na Coimisineirí Ioncaim atá déanta ar fad nó go formhór de bhándóib nó de papier maché nó de bhándóib agus de papier maché le chéile. | Ar earraí a luaitear i mír 1 sa dara colún —75%; ar gach earra eile a luaitear sa dara colún— 50% | Baineann forála ailt 8 den Finance Act, 1919, leis an dleacht a luaitear sa dara colún ag an uimhir thagartha seo. Baineann an fhoráil chéadúnúcháin leis an dleacht a luaitear ag an uimhir thagartha seo. |
3 | (a) Cloch (seachas slinn nó marmar) a cóiríodh, a líomhnadh, a snoíodh nó a hoibríodh ar shlí eile ach gan cloch a áireamh a bheas, tráth a hallmhuirithe, sáfa ar dhá éadan ar a mhéid agus gan cloch mheilte a áireamh; (b) marmar, oibrithe nó neamhoibrithe; (c) earraí a rinneadh de chloich (seachas slinn); (d) sliseogra marmair agus sliseogra measctha de mhar mar agus de chloich eile, gan aon tsliseogra den tsórt sin a áireamh a hallmhuireo-far mar chuid d'earra eile. | 100% | Ní héileofar an dleacht a luaitear ag an uimhir thagartha seo ar aon earraí a gcruthófar chun sástachta na gCoimisinéirí Ioncaim gur clocha cabha, brící gainistir, clocha liagrafachta nó teallaigh chloiche iad agus gur i Ríocht Aontaithe na Breataine Móire agus Tuaiscirt Éireann (lena n-áirítear Inse Mara nIocht agus Oileán Manainn) nó i dTiarnas Cheanada a rinneadh iad. Bainfidh forála ailt 8 den Finance Act, 1919, leis an dleacht a luaitear ag an uimhir thagartha seo. Baineann an fhoráil cheadúnúcháin leis an dleacht a luaitear ag an uimhir thagartha seo. |
AN DARA SCEIDEAL.
Dleachta ar Thobac.
CUID I.
Custaim.
£ | s. | d. | ||
Tobac Neamonaraithe:— Má bhíonn sé scúite nó díloirgnithe:— | ||||
Agus 10 lb. nó níos mó de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | an lb. | 1 | 3 | 10½ |
Agus níos lú ná 10 lb. de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | ,, | 1 | 6 | 6½ |
Mura mbíonn sé scúite nó díloirgnithe:— Agus 10 lb. nó níos mó de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | ,, | 1 | 3 | 10 |
Agus níos lú ná 10 lb. de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | ,, | 1 | 6 | 6 |
An lánráta | An ráta fábhair | |||||||||||
£ | s. | d. | £ | s. | d. | |||||||
Tobac Monaraithe, eadhon:— | ||||||||||||
Todóga | ... | ... | ... | ... | ... | an lb. | 1 | 18 | 0 | 1 | 11 | 8 |
Toitíní | ... | ... | ... | ... | ... | ,, | 1 | 16 | 7 | 1 | 10 | 5⅚ |
Cavendish nó Negrohead | ... | ... | ... | ,, | 1 | 14 | 11 | 1 | 9 | 1⅙ | ||
Cavendish nó Negrohead a monaraíodh faoi | ||||||||||||
Bhanna | ... | ... | ... | ... | ... | ,, | 1 | 10 | 3 | 1 | 5 | 2½ |
Tobac Monaraithe eile | ... | ... | ... | ,, | 1 | 10 | 3 | 1 | 5 | 2½ | ||
Snaois a bhfuil níos mó ná 13 lb. de fhliuchra i ngach 100 lb. meáchain di... | ,, | 1 | 8 | 9 | 1 | 3 | 11½ | |||||
Snaois ná fuil níos mó ná 13 lb. de fhliuchra i ngach 100 lb. meáchain di... | ,, | 1 | 14 | 11 | 1 | 9 | 1⅙ | |||||
CUID II.
Mal.
£ | s. | d. | ||
Tobac Neamonaraithe, eadhon:— | ||||
Agus 10 lb. nó níos mó de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | an lb. | 1 | 2 | 9 |
Agus níos lú ná 10 lb. de fhliuchra i ngach 100 lb. meáchain de ... ... ... ... ... ... | ,, | 1 | 5 | 3 |
Tobac Monaraithe, eadhon:— | ||||
Cavendish nó Negrohead a monaraíodh faoi Bhanna ... | ,, | 1 | 9 | 6 |
AN TRIU SCEIDEAL.
Achta Airgeadais Airithe a Leasu.
CUID I.
Uimh. Thag. | An t-alt nó an Sceideal agus an uimhir thagartha a leasaítear | Cineál an leasuithe | Abhar ginearálta an leasuithe | Dáta feidhme an leasuithe |
1 | Alt 22. | Scriosfar mír (c) d'fho-alt (7) agus cuirfear an mhír seo a leanas ina hionad, is é sin le rá:— | An dleacht ar phacáistí. | An 8ú lá de Bhealtaine, 1947. |
“(c) (i) ullmhóidí maisíochta is dóigh leis na Coimisineirí Ioncaim atá de shaghas a húsáidtear de ghnáth ar chraiceann, gruaig, ingne, fiacla (lena n-áirítear fiacla bréige) nó béal an duine, nó maidir le haon cheann acu sin, ach gan bláthíleacha, cré úcaire, geilé petroleum, fiseanna gruaige, gallúnaí, púdair ghallúnaí ná ionadáin ghallúnaí a áireamh, (ii) cumhracháin, gan biotáille chumhraithe ná bláth-fleacha a áireamh; agus” | ||||
2 | An Chéad Sceideal, uimhir thagartha 4. | Sa dara colún ag an uimhir thagartha sin 4, cuirfear na focail “agus foirgnithe” i ndiaidh na bhfocal “in obair thógála.” | An dleacht ar dhéantúis iarainn agus chruach chun foirgniochta. | An 8ú lá de Bhealtaine, 1947. |
3 | An Chéad Sceideal, uimhir thagartha 8. | Sa cheathrú colún ag an uimhir thagartha sin 8, cuirfear isteach an mhír seo a leanas— “Ní déanfar an dleacht a forchuirtear le halt 11 den Acht Airgeadais, 1935 (Uimh. 28 de 1935), agus a luaitear ag uimhir thagartha 1 sa Dara Sceideal a ghabhas leis an Acht sin a mhuirearú ná a thobhach ar aon earra a bhfuil an dleacht a luaitear ag an uimhir thagartha seo inmhuirir uirthi.” | An dleacht ar thaos gloine, péinteanna agus uisce-phéinteanna. | Dáta an Achta seo a rith. |
4 | An Chéad Sceideal, uimhir thagartha 16. | Sa dara colún ag an uimhir thagartha sin 16, scriosfar mír (d) agus cuirfear an mhír seo a leanas ina hionad, is é sin le rá:— “(d) duilliní agus lipéid is dóigh lies na Coimisinéirí Ioncaim atá déanta ar fad nó go formhór— | An dleacht ar pháipéarachas. | An 8ú lá de Bheal-taine, 1947. |
(i) de pháipéar, nó (ii) de chairtchlár, paistchl ár tuíchlár, paistchlár úctha nó d'earra dá samhail sin, nó | ||||
(iii) d'aon dá cheann nó níos mó de na habhair a luaitear ag (i) agus (ii) thuas, agus a hallmhuireofar ina mórchoda;” |
CUID II.
Uimh. Thag. | An Sceideal agus an uimhir thagartha | Cinéal an leasuithe | Abhar ginearálta an leasuithe. | Dáta feidhme an leasuithe |
5 | An Chéad Sceideal, uimhir thagartha 11. | Sa cheathrú colún ag an uimhir thagartha sin 11, cuirfear isteach an mhír seo a leanas— “Ní déanfar an dleacht a forchuirtear le halt 5 den Acht Airgeadais, 1937 (Uimh. 18 de 1937), agus a luaitear ag uimhir thagartha 8 sa Chéad Sceideal a ghabhas leis an Acht sin, arna leasú leis an Ordú chun Diúitéthe a Ghearradh go Práinneach (Uimh. 157), 1938 (R. & O R., Uimh. 240 de 1938), a mhuirearú ná a thobhach ar aon earra a bhfuil an dleacht a luaitear ag an uimhir thagartha seo inmhuirir uirthi.” | An dleacht ar thíleacha dín. | Dáta an Achta seo a rith. |
6 | An Dara Sceideal, uimhir thagartha 1. | Ní déanfar an dleacht a forchuirtear le halt 11 den Acht Airgeadais, 1932 (Uimh. 20 de 1932), agus a luaitear ag uimhir thagartha 8 sa Chéad Sceideal a ghabhas leis an Acht sin, arna leasú le halt 27 den Acht Airgeadais, 1935 (Uimh. 28 de 1935), agus a luaitear ag uimhir thagartha 4 i gCuid II den Ochtú Sceideal a ghabhas leis an Acht sin, a mhuirearú ná a thobhach ar aon earra a bhfuil an dleacht a luaitear ag an uimhir thagartha sin 1 inmhuirir uirthi. | An dleacht ar asfalt, etc. | Dáta an Achta seo a rith. |
CUID III.
Uimh. Thag. | An Sceideal agus an uimhir thagartha | Cineál an leasuithe | Abhar ginearálta an leasuithe | Dáta feidhme an leasuithe |
7 | An Chéad Sceideal, uimhir thagartha 30. | Sa dara colún ag an uimhir thagartha sin 30, scriosfar na focail “naoi bpingne” agus cuirfear na focail “cúig pingne déag” ina n-ionad. | An dleacht ar bhréagáin. | Dáta an Achta seo a rith. |
8 | An Chéad Sceideal, uimhir thagartha 40. | Sa dara colún ag an uimhir thagartha sin 40, cuirfear na focail “ach gan earraí agus fearais a áireamh ar dóigh leis na Coimisinéirí Ioncaim gur séidfheadáin táite agus gearrtha ocsaceitlín iad” i ndiaidh na bhfocal “comhghafa go substainteach.” | An dleacht ar fhearais dóite gáis. | Dáta an Achta seo a rith. |
CUID IV.
Uimh. Thag. | An Sceideal agus an uimhir thagartha | Cineál an leasuithe | Abhar ginearálta an leasuithe | Dáta feidhme an leasuithe |
9 | An Chéad Sceideal, uimhir thagartha 8. | Sa cheathrú colún ag an uimhir thagartha sin 8, cuirfear isteach an mhír seo a leanas— “Ní déanfar an dleacht a forchuirtear le halt 10 den Acht Airgeadais, 1935 (Uimh. 28 de 1935), agus a luaitear ag uimhir thagartha 11 sa Chéad Sceideal a ghabhas leis an Acht sin a mhuirearú ná a thobhach ar aon earra a bhfuil an dleacht a luaitear ag an uimhir thagartha seo inmhuirir uirthi.” | An dleacht ar chláir shiltin agus ar earraí áirithe eile aispeiste. | Dáta an Achta seo a rith. |
AN CEATHRU SCEIDEAL.
Dleachta Custam a Forceanntar.
Uimh. Thag. | An t-achtachán lena bhforchuirtear an dleacht | Sonraí na dleacht | Tuairisc ghinearálta na dleachta | Dáta forceannta na dleachta |
1 | An tAcht Airgeadais, 1932 (Uimh. 20 de 1932), alt 13 agus uimhir thagartha 6 sa Dara Sceideal, arna leasú leis an Ordú chun Diúitéthe a Ghearradh go Práinneach (Uimh. 223), 1941 (R. & O. R., 464 de 1941). | An dleacht a luaitear ag an uimhir thagartha sin 6 arna leasú lies an Ordú sin. | An dleacht ar úrscéalta atá clóbhuailte i mBéarla. | Dáta an Achta seo a rith. |
2 | An tAcht Airgeadais, 1933 (Uimh. 15 de 1933), alt 4 agus uimhir thagartha 8 i gCuid I den Chéad Sceideal, arna leasú leis an Ordú chun Diúitéthe a Ghearradh go Práinneach (Uimh. 41) 1934 (R. & O. R., Uimh. 164 de 1934), agus leis an Ordú chun Diúitéthe a Ghearradh go Práinneach (Uimh. 223), 1941 (R. & O. R., Uimh. 464 de 1941). | An dleacht sin a luaitear ag an uimhir thagartha sin 8 arna leasú leis na hOrduithe sin. | An dleacht ar dhealbha, deilbhíní agus bustaí. | An 8ú lá de Bhealtaine 1947. |
3 | An tAcht Airgeadais, 1935 (Uimh. 28 de 1935), alt 10 agus uimhir thagartha 22 sa Chéad Sceideal. | An dleacht sin a luaitear ag an uimhir thagartha sin 22. | An dleacht ar chloich agus marmar i gcóir leacht nó ailtireachta nó tógála. | An 8ú lá de Bhealtaine 1947. |
AN CUIGIU SCEIDEAL.
Rialacha chun a fhionnadh, maidir le gach saghas stoic thradala a bhi ar seilbh chun criocha tradala no gnotha an 31u la de Nollaig, 1946, cad e an tsuim a fuarthas as diolachain stoic thradala den tsaghas sin i rith na treimhse diolachan.
1. Léireofar tagairtí sa Sceideal seo do stoc trádála de shaghas áirithe mar thagairtí a fholaíos tagairtí don stoc trádála go léir den tsaghas sin, pé céim monaruithe arb ann dó.
2. Fionnfar, maidir le gach saghas faoi leith stoic thrádála a bhí ar seilbh chun críocha na trádála nó an ghnótha an 31ú lá de Nollaig, 1946, an tsuim a fuarthas as díolacháin stoic thrádála den tsaghas sin i rith na tréimhse díolachán, agus chuige sin beidh éifeacht ag na forála seo a leanas:—
(1) má díoladh aon stoc den tsaghas sin ar phraghas is ísle ná an praghas a gheofaí air dá mba ar an margadh oscailte a díolfaí é, deighleálfar leis amhail is dá ndíoltaí é ar an bpraghas a gheofaí air dá mba ar an margadh oscailte a díolfaí é,
(2) faoi réir fo-rialach (3) den Riail seo, cuirfear i gcuntas an stoc go léir den tsaghas sin a díoladh i rith na tréimhse díolachán,
(3) más mó an chainníocht de stoc trádála den tsaghas sin a díoladh i rith na tréimhse díolachán ná an chainníocht de stoc trádála den tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946, ní cuirfear i gcuntas aon díolacháin stoic thrádála den tsaghas sin a rinneadh i rith na tréimhse díolachán i ndiaidh an ama inarbh ionann an chainníocht de stoc trádála den tsaghas sin a díoladh amhlaidh agus an chainníocht de stoc trádála den tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946,
(4) más lú an chainníocht de stoc trádála den tsaghas sin a díoladh i rith na tréimhse díolachán ná an chainníocht de stoc trádála den tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946—
(a) (i) is tuigthe go ndearnadh cainníocht de stoc trádála den tsaghas sin, ba chóimhéid leis an difríocht, a dhíol lá deiridh na tréimhse díolachán ar an bpraghas a gheofaí uirthi dá ndíoltaí í an lá deiridh sin ar an margadh oscailte,
(ii) i gcás gan an stoc trádála go léir den tsaghas sin a bhí ar seilbh lá deiridh na tréimhse díolachán a bheith ar an gcéim chéanna monaruithe ansin is é an stoc ar tuigthe, faoi fho-mhír (i) den mhír seo, é a dhíol an lá deiridh sin ná an stoc a bhí ar seilbh an lá deiridh sin agus ba shia chun cinn ar chéim monaruithe;
(b) más stoc ar chéimeanna éagsúla monaruithe an stoc trádála den tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946, is tuigthe gurb é cainníocht stoic den tsaghas sin a díoladh i rith na tréimhse díolachán ná an chuid den stoc den tsaghas sin a bhí, an 31ú lá de Nollaig, 1946, monaraithe go hiomlán nó ba ghaire do bheith monaraithe go hiomlán.
3. I gcás stoc trádála d'aon tsaghas áirithe a díoladh, nó ar deighleáladh leis mar stoc a díoladh, agus a cuirfear i gcuntas chun críocha Rialach 2 den Sceideal seo a bheith tar éis gabháil trí phróiseas breise monaraíochta seachas an próiseas faoinar ghabh an stoc trádála den tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946, déanfar an tsuim a fuarthas, nó ar deighleáladh léi mar shuim a fuarthas, as díolacháin stoic thrádála den tsaghas sin, arna fionnadh faoin Riail sin 2, a laghdú go dtí suim a mbeidh idir í agus an tsuim chéadluaite sin an cothrom céanna a bheas idir iomlán costais nó costais athsholáthruithe, pé acu is lú, gach ítime faoi leith de na hítimí uile sa tsaghas sin a bhí ar seilbh an 31ú lá de Nollaig, 1946, agus an t-iomlán sin arna mhéadú méid an chostais a ghabh leis an bpróiseas breise monaraíochta sin.
Number 15 of 1947.
FINANCE ACT, 1947.
ARRANGEMENT OF SECTIONS
Income Tax.
Section | |
Amendment of Rule 6 of Miscellaneous Rules applicable to Schedule D. |
Customs and Excise.
Corporation Profits Tax.
Continuance of certain exemptions from corporation profits tax. | |
Stamp Duties.
Increase of stamp duties on transfers of stock and marketable securities. | |
Exemption from stamp duty of instruments effectuating transfer of certain assurance business. |
Miscellaneous and General.
Acts Referred to | |
No. 18 of 1939 | |
No. 12 of 1938 | |
No. 31 of 1934 | |
No. 14 of 1941 | |
No. 14 of 1940 | |
No. 31 of 1936 | |
No. 10 of 1947 | |
No. 32 of 1929 | |
No. 31 of 1931 | |
No. 18 of 1944 | |
No. 15 of 1946 | |
No. 14 of 1942 | |
No. 16 of 1943 | |
No. 18 of 1937 | |
No. 20 of 1932 | |
Emergency Imposition of Duties (No. 223) Order, 1941 | S.R. & O., No. 464 of 1941 |
Emergency Imposition of Duties (No. 41) Order, 1934 | S.R. & O., No. 164 of 1934 |
Emergency Imposition of Duties (No. 157) Order, 1938 | S.R. & O., No. 240 of 1938 |
No. 28 of 1935 | |
No. 15 of 1933 | |
Number 15 of 1947.
FINANCE ACT, 1947.
PART I.
Income Tax.
Income tax and sur-tax for the year 1947-48.
1.—(1) Income tax shall be charged for the year beginning on the 6th day of April, 1947, at the rate of six shillings and sixpence in the pound.
(2) Sur-tax for the year beginning on the 6th day of April, 1947, shall be charged in respect of the income of any individual the total of which from all sources exceeds one thousand five hundred pounds and shall be so charged at the same rates as those at which it is charged for the year beginning on the 6th day of April, 1946.
(3) The several statutory and other provisions which were in force on the 5th day of April, 1947, in relation to income tax and sur-tax shall, subject to the provisions of this Act, have effect in relation to the income tax and sur-tax to be charged as aforesaid for the year beginning on the 6th day of April, 1947.
Alteration of personal allowances.
2.—Subsection (1) of section 18 of the Finance Act, 1920, as amended by section 3 of the Finance Act, 1939 (No. 18 of 1939), shall be construed and have effect as if the words “two hundred and sixty pounds” were substituted therein for the words “two hundred and twenty pounds” and the words “one hundred and forty pounds” substituted therein for the words “one hundred and twenty pounds”.
Amendments as to liability of assurance companies.
3.—(1) Where the profits of an assurance company in respect of its life assurance business are, for the purposes of the Income Tax Acts, computed in accordance with the rules applicable to Case I of Schedule D of the Income Tax Act, 1918, then, subject to subsection (3) of this section, the following provisions shall have effect:—
(a) such part of those profits as belongs or is allocated to, or is expended on behalf of, policy-holders or annuitants shall be excluded in making the computation;
(b) such part of those profits as is reserved for policy-holders or annuitants shall also be excluded in making the computation, but if any profits so excluded as being so reserved cease at any time to be so reserved and are not allocated to, or expended on behalf of, policy-holders or annuitants, then those profits shall be treated as profits of the company for the year in which they ceased to be so reserved.
(2) Where an assurance company carries on both ordinary life assurance business and industrial life assurance business, then, subject to subsection (3) of this section, the business of each such class shall, for the purposes of the Income Tax Acts, be treated as though it were a separate business and section 33 of the Income Tax Act, 1918, shall apply separately to each such class of business.
(3) Neither subsection (1) nor subsection (2) of this section shall apply to an assurance company in respect of any year of assessment unless the company elects, by giving notice in writing to the inspector of taxes within twelve months after the end of that year, that the said subsections (1) and (2) shall both apply to it in respect of that year.
Amendment of Rule 6 of Miscellaneous Rules applicable to Schedule D.
4.—Where—
(a) the proper officer having the management of the accounts of a body may, in pursuance of Rule 6 of the Miscellaneous Rules applicable to Schedule D of the Income Tax Act, 1918, be charged with tax for any year of assessment, and
(b) in that year that body occupies any property, in respect of which any tax under Schedule A of the said Act for that year would, but for this section, be ultimately borne by that body,
then, in computing the amount on which the said proper officer may be so charged for that year, a deduction shall be made of a sum equal to whichever of the following is the lesser—
(i) the amount on which, but for this section, the said proper officer might be so charged,
(ii) the net amount on which the tax, referred to in paragraph (b) of this section, would, but for this section, be ultimately borne by that body.
PART II.
Customs and Excise.
Imposition of duties in the First Schedule.
5.—(1) There shall be charged, levied and paid on every of the articles mentioned in the second column of the First Schedule to this Act imported on or after the 8th day of May, 1947, a duty of customs at the rate stated in the third column of the said First Schedule opposite the mention of the article in the said second column.
(2) Where a percentage is stated in the third column of the First Schedule to this Act opposite the mention of any article in the second column of the said First Schedule, such statement shall be construed as meaning a rate of duty equal to that percentage of the value of such article.
(3) Wherever it is stated without qualification in the fourth column of the First Schedule to this Act that the provisions of section 8 of the Finance Act, 1919, apply to a duty mentioned in the said First Schedule, the provisions of the said section 8 shall apply to that duty with the substitution of the expression “the area of application of the Acts of the Oireachtas” for the expression “Great Britain and Ireland” and as though the articles chargeable with the said duty were mentioned in the Second Schedule to the said Act in the list of goods to which two-thirds of the full rate is made applicable as a preferential rate.
(4) Wherever it is stated in the fourth column of the First Schedule to this Act that the licensing provision applies to a particular duty mentioned in the said First Schedule, the following provision shall apply and have effect in relation to that duty, that is to say:—whenever the Minister for Finance, after consultation with the Minister for Industry and Commerce, so thinks proper, the Revenue Commissioners may by licence authorise any particular person, subject to compliance with such conditions as they may think fit to impose, to import, without payment of the said duty, any articles chargeable therewith or, in the case of any such articles already imported, to take delivery thereof without payment of the said duty either, as the Revenue Commissioners shall think proper, without limit as to time or quantity or either of them or within a specified time or in a specified quantity, but so that no such licence shall be exempt from the provisions of section 15 of the Finance (Agreement with United Kingdom) Act, 1938 (No. 12 of 1938).
(5) Subject to the provisions of subsections (3) and (4) of this section, the provisions set forth in the fourth column of the First Schedule to this Act at any reference number in the said First Schedule shall have effect in respect of the duty mentioned at that reference number.
Alteration of rates of duty on tobacco.
6.—(1) The duty of customs on tobacco imposed by section 20 of the Finance Act, 1932 (No. 20 of 1932), shall, as on and from the 8th day of May, 1947, be charged, levied, and paid at the several rates specified in Part I of the Second Schedule to this Act in lieu of the rates at which the said duty is now chargeable by virtue of section 12 of the Finance Act, 1941 (No. 14 of 1941).
(2) The duty of excise on tobacco imposed by section 19 of the Finance Act, 1934 (No. 31 of 1934), shall, as on and from the 8th day of May, 1947, be charged, levied, and paid at the several rates specified in Part II of the Second Schedule to this Act in lieu of the rates at which the said duty is now chargeable by virtue of section 12 of the Finance Act, 1941 (No. 14 of 1941).
(3) Subsections (3) to (5) of the said section 19 of the Finance Act, 1934, shall apply to tobacco which is chargeable with the duty of excise imposed by subsection (1) of that section at a rate specified in Part II of the Second Schedule to this Act and for the purpose of such application references in the said subsections (3) to (5) of the said section 19 to Part I of the Sixth Schedule to the said Finance Act, 1934, shall be construed and have effect as references to Part II of the Second Schedule to this Act.
(4) The rebate on hard pressed tobacco mentioned in subsection (2) of section 17 of the Finance Act, 1940 (No. 14 of 1940), shall, in respect of any such tobacco sold and sent out for use within the State by any licensed manufacturer on or after the 8th day of May, 1947, be at the rate of two shillings and eight pence per pound.
Amendments of certain Finance Arts.
7.—(1) Every Act mentioned at the head of a Part of the Third Schedule to this Act shall be amended as follows, that is to say, every section, schedule, or reference number of, or in, such Act which is mentioned in the second column of the said Part of the said Third Schedule shall be amended in the manner stated in the third column of the said Part of the said Third Schedule opposite the mention of such section, schedule or reference number (as the case may be) in the said second column.
(2) Every amendment stated in the third column of a Part of the Third Schedule to this Act shall have effect as on and from the date specified in the fifth column of the said Part of the said Third Schedule opposite the statement of such amendment in the said third column.
(3) The particulars stated in the fourth column of the Third Schedule to this Act are inserted in the said Third Schedule solely to facilitate the identification of the duties respectively affected by the several amendments mentioned in the said Third Schedule, and accordingly nothing contained in the said fourth column shall affect the construction of this section or the said Third Schedule or operate to extend, limit, or control the extent or effect of any amendments mentioned in the said Third Schedule.
Termination of certain customs duties.
8.—(1) The duty mentioned in the third column of the Fourth Schedule to this Act at any reference number in the said Fourth Schedule and imposed by the enactments mentioned in the second column of the said Fourth Schedule at that reference number shall not be charged or levied on any articles imported on or after the date specified in the fifth column of the said Fourth Schedule at that reference number.
(2) The particulars stated in the fourth column of the Fourth Schedule to this Act are inserted in the said Fourth Schedule solely to facilitate the identification of the several duties mentioned in the third column of the said Fourth Schedule, and accordingly nothing contained in the said fourth column shall affect the construction or limit or control the operation of this section and the second and third columns of the said Fourth Schedule.
Licences to import without payment of customs duties.
9.—Where, by virtue of a provision contained in any statute or statutory order (passed or made before the passing of this Act), the Revenue Commissioners may by licence authorise a person to import articles chargeable with the duty to which such provision relates without payment of such duty or on payment of such duty at less than the rate ordinarily chargeable, the reference in such provision to importation of such articles shall, in any case where the articles have already been imported, be construed as a reference to taking delivery of such articles.
Amendments of entertainments duty.
10.—(1) On and after the 15th day of August, 1947, subsection (5) of section 25 of the Finance Act, 1932 (No. 20 of 1932), shall have effect as if, for the rates specified in the said subsection (5), there were substituted the following rates, that is to say:—
Rate of Duty | |||||||
Where the payment for admission, excluding duty. | |||||||
s. | d. | s. | d. | s. | d. | ||
exceeds | 0 | 4 | and does not exceed | 0 | 4½ | 0 | 1½ |
” | 0 | 4½ | ” ” | 0 | 6 | 0 | 2 |
” | 0 | 6 | ” ” | 0 | 8 | 0 | 3 |
” | 0 | 8 | ” ” | 0 | 11½ | 0 | 4½ |
” | 0 | 11½ | ” ” | 1 | 3½ | 0 | 6½ |
” | 1 | 3½ | ” ” | 1 | 9 | 0 | 9 |
” | 1 | 9 | ” ” | 2 | 4½ | 1 | 1½ |
” | 2 | 4½ | ” ” | 3 | 0 | 1 | 6 |
” | 3 | 0 | ” ” | 4 | 0 | 2 | 0 |
” | 4 | 0 | 2 | 0 for | |||
the first 4s. and 2s. for every additional 4s. or part of 4s. | |||||||
(2) On and after the 15th day of August, 1947, subsection (2) of section 11 of the Finance Act, 1936 (No. 31 of 1936), shall have effect as if, for the rates specified in the said subsection (2), there were substituted the following rates, that is to say:—
Rate of Duty | |||||||
Where the payment for admission, excluding duty. | |||||||
s. | d. | s. | d. | s. | d. | ||
exceeds | 0 | 4 | and does not exceed | 0 | 4½ | 0 | 1½ |
” | 0 | 4½ | ” ” | 0 | 6 | 0 | 2 |
” | 0 | 6 | ” ” | 0 | 7 | 0 | 3 |
” | 0 | 7 | ” ” | 0 | 8 | 0 | 4 |
” | 0 | 8 | ” ” | 0 | 10 | 0 | 5 |
” | 0 | 10 | ” ” | 1 | 0½ | 0 | 7½ |
” | 1 | 0½ | ” ” | 1 | 4 | 0 | 10 |
” | 1 | 4 | ” ” | 1 | 6 | 1 | 0 |
” | 1 | 6 | ” ” | 1 | 9 | 1 | 3 |
” | 1 | 9 | ” ” | 2 | 0 | 1 | 6 |
” | 2 | 0 | ” ” | 2 | 10½ | 2 | 1½ |
” | 2 | 10½ | ” ” | 4 | 0 | 3 | 0 |
” | 4 | 0 | 3 | 0 for | |||
the first 4s. and 3s. for every additional 4s. or part of 4s. | |||||||
(3) Paragraph (c) of subsection (3) of section 11 of the Finance Act, 1936 (No. 31 of 1936), shall, as respects entertainments duty (within the meaning of the said section 11) paid on payments, made on or after the 15th day of August, 1947, for admission to an entertainment in any such theatre as is mentioned in the said sub-section (3), have effect as if, for the words “one-half of the said duty”, there were substituted the words “thirty per cent. of the said duty”.
Duty on auctioneers' licences.
11.—There shall be charged, levied, and paid for and upon every auctioneer's licence granted under section 8 of the Auctioneers and House Agents Act, 1947 (No. 10 of 1947), an excise duty of ten pounds.
Duty on auction permits.
12.—There shall be charged, levied, and paid for and upon every auction permit granted under section 9 of the Auctioneers and House Agents Act, 1947 (No. 10 of 1947), an excise duty of ten pounds.
Duty on house agents' licences.
13.—There shall be charged, levied, and paid for and upon every house agent's licence granted under section 10 of the Auctioneers and House Agents Act, 1947 (No. 10 of 1947), an excise duty of two pounds.
PART III.
Corporation Profits Tax.
Continuance of certain exemptions from corporation profits tax.
14.—(1) The exemptions from corporation profits tax given by section 33 of the Finance Act, 1929 (No. 32 of 1929), as amended by section 30 of the Finance Act, 1931 (No. 31 of 1931), and paragraph (b) of subsection (1) of section 47 of the Finance Act, 1932 (No. 20 of 1932), and continued until the 31st day of December, 1946, by section 17 of the Finance Act, 1944 (No. 18 of 1944), shall be and are hereby continued until the 31st day of December, 1949.
(2) In respect of every accounting period beginning on or after the 1st day of January, 1947, and ending on or before the 31st day of December, 1949, paragraph (b) of subsection (1) of section 47 of the Finance Act, 1932 (No. 20 of 1932), shall be construed and have effect as if the word “tramway” were deleted therefrom and subsection (1) of this section shall be construed and have effect accordingly.
Provisions in respect of deductions for the remuneration of directors in relation to corporation profits tax.
15.—In respect of every accounting period ending after the 31st day of December, 1946, proviso (c) to subsection (2) of section 53 of the Finance Act, 1920, and subsection (4) of section 36 of the Finance Act, 1941 (No. 14 of 1941), shall be construed and have effect as if the words “one thousand five hundred pounds” were substituted therein for the words “one thousand pounds”.
Relief for losses on sale of stock.
16.—(1) For the purposes of this section and the Fifth Schedule to this Act—
(a) the expression “the sales period” shall be construed in accordance with the following provisions:—
(i) the said expression shall mean, subject to subparagraph (ii) of this paragraph, the years 1947 and 1948,
(ii) if a company ceases to carry on the whole of its trade or business during the said years, the said expression shall, as regards the company, mean the period commencing on the 1st day of January, 1947, and ending on the date of such cesser;
(b) the value of a particular class of trading stock held for the purposes of a trade or business on the 31st day of December, 1946, shall be taken to be the aggregate of the values of the several items comprising that class of trading stock, each item thereof being valued at its cost or the cost of its replacement on that day, whichever is the lower;
(c) the value of all the trading stock held for the purposes of a trade or business on the 31st day of December, 1946, shall be taken to be the aggregate of the values of the several classes of the trading stock held for the purposes of that trade or business on the 31st day of December, 1946;
(d) the sum realised during the sales period for all the trading stock held for the purposes of a trade or business on the 31st day of December, 1946, shall be taken to be the aggregate of the several sums ascertained, in relation to the several classes of that trading stock, in accordance with Rule 2 of the Fifth Schedule to this Act, each such several sum being reduced, if appropriate, in accordance with Rule 3 of the said Fifth Schedule.
(2) If any company carrying on a trade or business on the 31st day of December, 1946, makes, not later than twelve months after the end of the sales period, a claim to the Revenue Commissioners for relief under this section and proves—
(a) that, on the 31st day of December, 1946, stock was taken of all the trading stock then held for the purposes of the trade or business, and
(b) that the value of all such trading stock exceeded the sum realised during the sales period for all such trading stock,
the following provisions shall have effect—
(i) a claimable loss shall be deemed to have been sustained by the company,
(ii) the claimable loss shall, subject to paragraphs (iii) and (iv) of this subsection, be taken to be an amount equal to the said excess,
(iii) where the whole or any part of any loss sustained on sales of, or resulting from any fall in the value of, any of the stock held for the purposes of the trade or business on the 31st day of December, 1946, has been or is to be met directly or indirectly by any person, other than the company, the amount of the claimable loss shall be reduced accordingly,
(iv) where a sale of stock is taken into account in computing the profits or loss of the trade or business in respect of any accounting period beginning before the 1st day of January, 1947, and ending on or after that date, the amount of the claimable loss shall be calculated as if the value of all the trading stock held for the purposes of the trade or business on the 31st day of December, 1946, were decreased or increased, as the case may be, by so much of any loss or profit on the sale as, by virtue of any apportionment under paragraph (c) (which said paragraph was inserted by paragraph (c) of subsection (1) of section 25 of the Finance Act, 1946 (No. 15 of 1946)) of subsection (3) of section 37 of the Finance Act, 1941 (No. 14 of 1941), affects the profits or loss for the part of the period falling before the said 1st day of January, 1947,
(v) the claimable loss shall be allowed as a deduction in computing the profits of the company chargeable to excess corporation profits tax for the period which is, in case an accounting period of the company ended on the 31st day of December, 1946, the said accounting period or, in any other case, the part, prior to the 1st day of January, 1947, of the accounting period of the company which began before and ends on or after the 1st day of January, 1947, or as an addition to any deficiency of profits for that period, as the case may be.
(3) Where a post-appointed day company is deemed by section 14 of the Finance Act, 1944 (No. 18 of 1944), to be an auxiliary of a pre-appointed day company and the provisions of subsection (5) of the said section 14 apply to the companies, the preceding subsections of this section shall have effect with due regard to the provisions contained in the said section 14.
(4) Any company on behalf of which a false or fraudulent claim for relief is made under this section shall be liable to a penalty equal to treble the amount of the relief claimed.
(5) Pending the determination of any claim for relief under this section the Revenue Commissioners may assess and collect excess corporation profits tax without reference to the claim, and any relief due in respect of any such claim shall be given by way of repayment.
(6) Any inspector of taxes may by notice in writing require any company making a claim under this section to deliver to him a return in such form as the Revenue Commissioners may prescribe containing such particulars as they may require with respect to the trading stock held or deemed to be held for the purposes of the trade or business at any material date, and with respect to any other matters relevant to the claim.
(7) Subsection (6) of section 56 of the Finance Act, 1920, and also so much of subsection (7) of that section and the regulations made thereunder as relates to appeals shall apply and have effect, with the necessary modifications, in relation to the giving of relief under this section in the like manner as they apply to assessments to excess corporation profits tax.
Construction of Part III of this Act.
17.—This Part of this Act shall be read and construed together with Part V of the Finance Act, 1920, as amended or extended by subsequent enactments, and, in particular, shall be read and construed together with Part V of the Finance Act, 1941 (No. 14 of 1941), Part IV of the Finance Act, 1942 (No. 14 of 1942), Part III of the Finance Act, 1943 (No. 16 of 1943), Part II of the Finance Act, 1944 (No. 18 of 1944), and Part III of the Finance Act, 1946 (No. 15 of 1946).
PART IV.
Stamp Duties.
Increase of stamp duties on transfers of stock and marketable securities.
18.—The stamp duties chargeable on conveyances or transfers of stocks or marketable securities under the heading “Conveyance or Transfer on Sale of any property” in the First Schedule to the Stamp Act, 1891, as amended by sections 73 and 74 of the Finance (1909-10) Act, 1910, and section 36 of the Finance Act, 1920, shall, on and after the 1st day of August, 1947, be double the duties immediately theretofore chargeable on those conveyances or transfers.
Exemption from stamp duty of instruments effectuating transfer of certain assurance business.
19.—Stamp duty shall not be chargeable on any agreement, conveyance, transfer or other instrument made or entered into for the purpose of carrying into effect the transfer of the business of the Industrial and Life Assurance Amalgamation Company, Limited, to the Irish Assurance Company, Limited, as provided in Clause 10 of the Agreement made on the 13th day of September, 1938, between the City of Dublin Assurance Company, Limited, of the first part, Irish Life and General Assurance Company, Limited, of the second part, Irish National Assurance Company, Limited, of the third part, and Comhlucht Urrudhais Mumhan agus Laigheann, Teoranta (Munster and Leinster Assurance Company, Limited) of the fourth part, a copy whereof is set out in the Schedule to the Insurance (Amendment) Act, 1938 (No. 31 of 1938).
PART V.
Miscellaneous and General.
Repeal of Revenue (No. 1) Act, 1861.
20.—The Revenue (No. 1) Act, 1861, is hereby repealed as on and from the 6th day of July, 1947.
Care and management of taxes and duties.
21.—All taxes and duties imposed by this Act are hereby placed under the care and management of the Revenue Commissioners.
Short title, construction and commencement.
22.—(1) This Act may be cited as the Finance Act, 1947.
(2) Part I of this Act shall be construed together with the Income Tax Acts.
(3) Part II of this Act, so far as it relates to duties of customs, shall be construed together with the Customs Acts and, so far as it relates to duties of excise, shall be construed together with the statutes which relate to the duties of excise and the management of those duties.
(4) Part I of this Act shall be deemed to come into force on and shall take effect as on and from the 6th day of April, 1947.
FIRST SCHEDULE.
Certain Customs Duties.
Ref. No. | Description of article liable to duty | Rate of duty | Special provisions |
1 | Any article (being a calendar or almanac) which consists wholly or mainly of, or incorporates as a main feature, either— (a) a mounting made wholly of cardboard to which is affixed a number of sheets or slips of paper or cardboard, whether in the form of a block or pad or otherwise, which have printed thereon successive dates or groups of dates in a particular year, or are suitable for indicating the dates in any year, or (b) a sheet of paper or cardboard or sheets of such materials, on which are printed successive dates or groups of dates in a particular year, but excluding any article chargeable with the duty imposed by section 7 of the Finance Act, 1936 (No. 31 of 1936) and mentioned at reference number 20 in the First Schedule to that Act. | 50% | The word “cardboard” where it occurs in the second column at this reference number, includes pasteboard, strawboard, millboard or other similar material. The duty mentioned at this reference number is in lieu of all other duties which may be chargeable on the article. The provisions of section 8 of the Finance Act, 1919, apply to the duty mentioned at this reference number with the substitution of the expression “the area of application of the Acts of the Oireachtas” for the expression “Great Britain and Ireland” and as though the articles chargeable with the said duty were mentioned in the Second Schedule to the said Act in the list of goods to which fifty per cent. of the full rate is made applicable as a preferential rate. The licensing provision applies to the duty mentioned at this reference number. |
2 | 1. Articles which— (a) are, in the opinion of the Revenue Commissioners, statues, statuettes or busts, and (b) are, in the opinion aforesaid, made wholly or mainly of plaster of paris or papier maché, or a combination of plaster of paris and papier maché, and (c) are not less than ten inches in height. 2. Articles which— (a) are, in the opinion of the Revenue Commissioners, figures, shapes or stands suitable for use in displaying articles for sale, and (b) are, in the opinion aforesaid, made wholly or mainly of plaster of paris or papier maché, or a combination of plaster of paris and papier maché. | On articles mentioned in paragraph 1 in the second column— 75%; on all other articles mentioned in the second column— 50% | The provisions of section 8 of the Finance Act, 1919, apply to the duty mentioned at this reference number. The licensing provision applies to the duty mentioned at this reference number. |
3 | (a) Stone (other than slate or marble) which has been dressed, polished, carved or otherwise worked but excluding stone which, at the time of importation, is sawn on not more than two surfaces and also excluding crushed stone; | 100% | The duty mentioned at this reference number shall not be charged on any articles which are shown to the satisfaction of the Revenue Commissioners to be coving stones, ganister bricks, lithographic stones or stone fireplaces and to have been manufactured in the United Kingdom of Great Britain and Northern Ireland (including the Channel Islands and the Isle of Man) or in the Dominion of Canada. |
(b) marble, whether worked or unworked; | |||
(c) articles made of stone (other than slate); | |||
(d) marble chippings and mixed chippings of marble and other stone, excluding any such chippings which are imported as part of another article. | The provisions of section 8 of the Finance Act, 1919, shall apply to the duty mentioned at this reference number. | ||
The licensing provision applies to the duty mentioned at this reference number. |
SECOND SCHEDULE.
Duties on Tobacco.
PART I.
Customs.
£ | s. | d. | ||
Unmanufactured:— | ||||
If Stripped or Stemmed:— | ||||
Containing 10 lbs. or more of moisture in every | ||||
100 lbs. weight thereof | the lb. | 1 | 3 | 10½ |
Containing less than 10 lbs. of moisture in every | ||||
100 lbs. weight thereof | ” | 1 | 6 | 6½ |
If Unstripped or Unstemmed:— | ||||
Containing 10 lbs. or more of moisture in every | ||||
100 lbs. weight thereof | ” | 1 | 3 | 10 |
Containing less than 10 lbs. of moisture in every | ||||
100 lbs. weight thereof | ” | 1 | 6 | 6 |
Full | Preferential | ||||||
£ | s. | d. | £ | s. | d. | ||
Manufactured, viz.:— | |||||||
Cigars | the lb. | 1 | 18 | 0 | 1 | 11 | 8 |
Cigarettes | ” | 1 | 16 | 7 | 1 | 10 | 5½ |
Cavendish or Negrohead | ” | 1 | 14 | 11 | 1 | 9 | 1½ |
Cavendish or Negrohead Manufactured in Bond | ” | 1 | 10 | 3 | 1 | 5 | 2½ |
Other Manufactured Tobacco | ” | 1 | 10 | 3 | 1 | 5 | 2½ |
Snuff containing more than 13 lbs. of moisture in every 100 lbs. weight thereof | ” | 1 | 8 | 9 | 1 | 3 | 11½ |
Snuff not containing more than 13 lbs. of moisture in every 100 lbs. weight thereof | ” | 1 | 14 | 11 | 1 | 9 | 1½ |
PART II.
Excise.
£ | s. | d. | ||
Unmanufactured, viz.:— | ||||
Containing 10 lbs. or more of moisture in every | ||||
100 lbs. weight thereof | the lb. | 1 | 2 | 9 |
Containing less than 10 lbs. of moisture in every | ||||
100 lbs. weight thereof | ” | 1 | 5 | 3 |
Manufactured, viz.:— | ||||
Cavendish or Negrohead Manufactured in Bond | ” | 1 | 9 | 6 |
THIRD SCHEDULE.
Amendments of Certain Finance Acts.
PART I.
The Finance Act, 1932 (No. 20 of 1932).
Ref. No. | Section or Schedule and reference number amended. | Nature of amendment. | General subject matter of amendment. | Operative date of amendment. |
1 | Paragraph (c) of subsection (7) shall be deleted and the following paragraph substituted, that is to say:— | The duty on packages. | The 8th day of May, 1947. | |
“(c) (i) toilet preparations which are, in the opinion of the Revenue Commissioners, of a kind ordinarily used on, or in relation to, the human skin, hair, nails, teeth (including artificial teeth) or mouth, but excluding essential oils, fuller's earth, petroleum jelly, hair dyes, soaps, soap powders and soap substitutes, | ||||
(ii) perfumery, excluding perfumed spirits and essential oils; and” | ||||
2 | First Schedule, reference number 4. | In the second column at the said reference number 4, the words “building construction” shall be deleted and the words “building or construction” substituted. | The duty on iron and steel manufactures, constructional, fabricated. | The 8th day of May, 1947. |
3 | First Schedule, reference number 8. | In the fourth column at the said reference number 8, the following paragraph shall be inserted— “The duty imposed by section 11 of the Finance Act, 1935 (No. 28 of 1935), and mentioned at reference number 1 in the Second Schedule to that Act shall not be charged or levied on any article on which the duty mentioned at this reference number is chargeable.” | The duty on putty, paints and distempers. | The date of passing of this Act. |
4 | First Schedule, reference number 16. | In the second column at the said reference number 16, paragraph (d) shall be deleted and the following paragraph substituted, that is to say:— | The duty on stationery. | The 8th day of May, 1947. |
“(d) labels and tags which, in the opinion of the Revenue Commissioners, are made wholly or mainly of— | ||||
(i) paper, or | ||||
(ii) cardboard, pasteboard, strawboard, millboard, or similar material, or | ||||
(iii) two or more of any of the materials mentioned at (i) and (ii) above, | ||||
and which are imported in bulk quantities;” |
PART II.
The Finance Act, 1935 (No. 28 of 1935).
Ref. No. | Schedule and reference number | Nature of amendment. | General subject matter of amendment. | Operative date of amendment. |
5 | First Schedule, reference number 11. | In the fourth column at the said reference number 11, the following paragraph shall be inserted— “The duty imposed by section 5 of the Finance Act, 1937 (No. 18 of 1937), and mentioned at reference number 8 in the First Schedule to that Act, as amended by the Emergency Imposition of Duties (No. 157) Order, 1938 (S.R. & O., No. 240 of 1938), shall not be charged or levied on any article on which the duty mentioned at this reference number is chargeable.” | The duty on roofing tiles. | The date of passing of this Act. |
6 | Second Schedule, reference number 1. | The duty imposed by section 11 of the Finance Act, 1932 (No. 20 of 1932) and mentioned at reference number 8 in the First Schedule to that Act, as amended by section 27 of the Finance Act, 1935 (No. 28 of 1935), and mentioned at reference number 4 in Part II of the Eighth Schedule to that Act, shall not be charged or levied on any article on which the duty mentioned at the said reference number 1 is chargeable. | The duty on asphalt, etc. | The date of the passing of this Act. |
PART III.
The Finance Act, 1936 (No, 31 of 1936).
Ref. No. | Schedule and reference number | Nature of amendment. | General subject matter of amendment. | Operative date of amendment. |
7 | First Schedule, reference number 30. | In the second column at the said reference number 30, the words “nine-pence” shall be deleted and the words “fifteen pence” substituted. | The duty on toys | The date of the passing of this Act. |
8 | First Schedule, reference number 40. | In the second column at the said reference number 40, there shall be added after the words “substantially assembled” the words “but excluding articles and appliances which, in the opinion of the Revenue Commissioners, are oxyacetylene welding and cutting blowpipes.” | The duty on gas combustion appliances. | The date of the passing of this Act. |
PART IV.
The Finance Act, 1937 (No. 18 of 1937).
Ref. No. | Schedule and reference number | Nature of amendment. | General subject matter of amendment. | Operative date of amendment. |
9 | First Schedule, reference number 8. | In the fourth column at the said reference number 8, the following paragraph shall be inserted— “The duty imposed by section 10 of the Finance Act, 1935 (No. 28 of 1935), and mentioned at reference number 11 in the First Schedule to that Act shall not be charged or levied on any article on which the duty mentioned at this reference number is chargeable.” | The duty on draining boards and certain other articles made of asbestos. | The date of the passing of this Act. |
FOURTH SCHEDULE.
Customs Duties Terminated.
Ref. No. | Enactment imposing the duty | Particulars of the Duty | General description of the duty | Date of termination of the duty |
1 | The Finance Act, 1932 (No. 20 of 1932), section 13 and reference number 6 in the Second Schedule, as amended by the Emergency Imposition of Duties (No. 223) Order, 1941 (S.R. & O., No. 464 of 1941). | The duty mentioned at the said reference number 6 as amended by the said Order. | The duty on novels printed in the English language. | The date of the passing of this Act. |
2 | The Finance Act, 1933 (No. 15 of 1933), section 4 and reference number 8 in Part I of the First Schedule, as amended by the Emergency Imposition of Duties (No. 41) Order, 1934 (S.R. & O., No. 164 of 1934), and the Emergency Imposition of Duties (No. 223) Order, 1941 (S.R. & O., No. 464 of 1941). | The said duty mentioned at the said reference number 8 as amended by the said Orders. | The duty on statues, statuettes and busts. | The 8th day of May, 1947. |
3 | The Finance Act, 1935 (No. 28 of 1935), section 10 and reference number 22 in the First Schedule. | The said duty mentioned at the said reference number 22. | The duty on monumental, architectural or building stone and marble. | The 8th day of May, 1947. |
FIFTH SCHEDULE.
Rules for ascertaining, in relation to each class of trading stock held for the purposes of a trade or business on the 31st day of december, 1946, the sum realised by sales of trading stock of that class during the sales period.
1. References in this Schedule to trading stock of a particular class shall be construed as including references to all trading stock of that class in whatever stage of manufacture.
2. There shall be ascertained, in relation to each particular class of trading stock held for the purposes of the trade or business on the 31st day of December, 1946, the sum realised by sales of trading stock of that class during the sales period, and for this purpose the following provisions shall have effect:—
(1) where any stock of that class is sold at a price lower than that which it would have fetched if sold in the open market, it shall be treated as if it had been sold at the price which it would have fetched if sold in the open market,
(2) subject to sub-rule (3) of this Rule, account shall be taken of all stock of that class sold during the sales period,
(3) where the quantity of trading stock of that class sold during the sales period exceeds the quantity of trading stock of that class held on the 31st day of December, 1946, no account shall be taken of any sales of trading stock of that class effected during the sales period after the time when the quantity of trading stock of that class so sold equals the quantity of trading stock of that class held on the 31st day of December, 1946,
(4) where the quantity of trading stock of that class sold during the sales period is less than the quantity of trading stock of that class held on the 31st day of December, 1946—
(a) (i) a quantity of trading stock of that class equal in quantity to the difference shall be deemed to have been sold on the last day of the sales period at the price which it would have fetched if it had been sold in the open market on the said last day,
(ii) if the trading stock of that class held on the last day of the sales period is not all at the same stage of manufacture, then the stock, deemed under sub-paragraph (i) of this paragraph, to have been sold on the said last day, shall be the stock held on the said last day which is at the most advanced stage of manufacture;
(b) if the trading stock of that class held on the 31st day of December, 1946, consists of stock in different stages of manufacture, the quantity of stock of that class sold during the sales period shall be deemed to consist of that part of the stock of that class which on the 31st day of December, 1946, was completely or most nearly completely manufactured.
3. Where trading stock of any particular class sold or treated as sold which is taken into account for the purposes of Rule 2 of this Schedule has passed through a further process of manufacture than that undergone by the trading stock of that class held on the 31st day of December, 1946, the sum realised or treated as realised by sales of trading stock of that class as ascertained under the said Rule 2 shall be reduced to a sum which bears to such first-mentioned sum the same proportion as the aggregate of the cost or replacement cost, whichever is the lower, of each of the several items comprising that class and held on the 31st day of December, 1946, bears to the amount of that aggregate increased by the cost involved in the further process of manufacture.