Vol. 358 No. 1
I move:
THAT, as respects the year 1986-87 and subsequent years of assessment, section 125 of the Income Tax Act, 1967 (No. 6 of 1967), which provides for the application to emoluments of the provisions of Chapter IV of Part V of the Income Tax Act, 1967, and regulations made thereunder, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
I move:
THAT, as respects income tax for the year 1985-86 and subsequent years of assessment and as respects corporation tax for an accounting period ending on or after the 6th day of April, 1985, the provisions of section 18 of the Finance Act, 1969 (No. 21 of 1969), which provide exemption from income tax and corporation tax for the profits or gains arising to the owner of a stallion from the sale of services of mares by the stallion, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
I move:
THAT, the reduced rate of tax referred to in section 31 (1) of the Corporation Tax Act, 1976 (No. 7 of 1976), be increased, in the manner and to the extent specified in the Act giving effect to this Resolution, as respects arrangements entered into for the year 1985-86 under the said section 31 by the Revenue Commissioners and building societies and that the amount representing income tax payable pursuant to arrangements under the said section 31 entered into for the year 1985-86 or any subsequent year of assessment shall be payable in two equal instalments at the times specified in the Act giving effect to this Resolution.
I move:
THAT, provision be made in the Act giving effect to this Resolution so as to secure, in the manner and to the extent specified in that Act, that corporation tax assessed for an accounting period ending on or after the 28th day of February, 1985, shall be paid within the time provided for in the Act giving effect to this Resolution.
I move:
THAT, the hiring out of movable goods (other than means of transport) shall be subjected to tax in accordance with the provisions of sections 5 (6) (e) and 8 (2) of the Value-Added Tax Act, 1972 (No. 22 of 1972), and that the provisions of section 5 (6) (d) of the said Act shall no longer apply in relation to such hiring.
I move:
THAT, provision be made in the Act giving effect to this Resolution for—
(a) charging a stamp duty, in accordance with the provisions of that Act, at the rates specified in that Act, on statements of certain amounts required by that Act to be delivered to the Revenue Commissioners by banks, and
(b) imposing, in accordance with the provisions of that Act, a penalty in respect of non-compliance with such of those provisions as relate to the stamp duty.
I move:
THAT, section 143 of the Income Tax Act, 1967 (No. 6 of 1967), which provides for relief from income tax in respect of certain policies of insurance and contracts for deferred annuities be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
I move:
THAT, the provisions of the Postal and Telecommunications Services Act, 1983 (No. 24 of 1983), relating to the payment by Bord Telecom Éireann of moneys to be repaid by that company for the benefit of the Exchequer under that Act, and the issue of share capital in Bord Telecom Éireann, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.
I move:
THAT, subsection (1) of section 106 of the Finance Act, 1984 (No. 9 of 1984), be amended in the manner and to the extent specified in the Act giving effect to this Resolution so as to provide for the extention, by virtue of subsection (2) of that section, of the charge for inheritance tax, created by subsection (1) of that section, on property which was subject to a discretionary trust on the 25th day of January, 1984, to property which on that date represented property already subject to the discretionary trust.
