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Dáil Éireann debate -
Wednesday, 3 Dec 1997

Vol. 484 No. 1

Financial Resolutions 1998. - Financial Resolution No. 2: Hydrocarbons

(1) THAT in this Resolution—
"the Act of 1988" means the Finance Act, 1988 (No. 12 of 1988);
"the Act of 1997" means the Finance Act, 1997 (No. 22 of 1997);
"the Order of 1975" means the Imposition of Duties (No. 221) (Excise Duties) Order, 1975 (S. I. No. 307 of 1975).
(2) THAT the duty of excise on mineral hydrocarbon light oil imposed by paragraph 11 (1) of the Order of 1975, shall, in lieu of the rate specified in section 82(2) of the Act of 1997, be charged, levied and paid, as on and from the 4th day of December, 1997, at the rate of £361.36 per 1,000 litres.
(3) THAT the rebate of duty on mineral hydrocarbon light oil provided for in section 56(3) of the Act of 1988, shall, as respects mineral hydrocarbon light oil on which it is shown to the satisfaction of the Revenue Commissioners that duty at the rate specified in paragraph (2) of this Resolution has been paid on or after the 4th day of December, 1997, be calculated at the rate of £66.92 per 1,000 litres.
(4) THAT for the purposes of the rebate of duty on mineral hydrocarbon light oil provided for in subsection (4) of section 82 of the Act of 1997, the said subsection (4) shall apply as on and from the 4th day of December, 1997, as if the reference therein to subsection (2) of the said section 82 were a reference to paragraph (2) of this Resolution.
(5) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).
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