Dáil Éireann debate -
Tuesday, 30 May 1972

Vol. 261 No. 4

Finance (No. 2) Bill, 1971: Financial Resolutions.

Minister for Finance (Mr. Colley)

I move:

That—

(a) with effect on and from a day to be appointed under the Act giving effect to this Resolution, there shall be charged a tax, to be called value-added tax, on the delivery of goods and the rendering of services in the course of business and on goods imported into the State;

(b) the said tax shall be paid by such persons and in such circumstances as may be specified in the said Act and shall, subject to the provisions thereof, be charged at the respective rates of tax specified therein for the various kinds of goods and services so specified.

Question put and agreed to.

Mr. Colley

I move:

That the duty on bets imposed by section 24 of the Finance Act, 1926 (No. 35 of 1926), shall (subject and without prejudice to the provisions of section 20 of the Finance Act, 1931 (No. 31 of 1931) be charged, levied and paid on bets entered into on or after a day to be appointed under the Act giving effect to this Resolution at the rate of 15 per cent of the amount of the bet in lieu of the rate of 10 per cent mentioned in section 13 of the Finance Act, 1956 (No. 22 of 1956).

Question put and agreed to.

Financial Resolution reported and agreed to.