Finance (No. 2) Bill 2008: Financial Resolutions.

I move the following Resolutions:

That the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the introduction of income levy.

That the Taxes Consolidation Act 1997 No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for a tax to be known as ‘parking levy'.

That section 121 of the Taxes Consolidation Act 1997 (No. 39 of 1997), be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the charge to benefit-in-kind to be determined based on carbon dioxide emission levels of the motor vehicle.

That section 469 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for income tax relief in respect of expenditure incurred in the provision of health care, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That Schedule 11 and Schedule 12 to the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for the withdrawal of approval by the Revenue Commissioners of an approved Profit Sharing Scheme or an approved Employee Share Ownership Trust where the trustees fail to make the required return of information to the Revenue Commissioners.

That section 128 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the tax treatment of share options and other rights granted to directors and employees, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 819 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which determines whether an individual is resident in the State for a year of assessment, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That Part 30 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the tax treatment of retirement benefit schemes, retirement annuity contracts, purchased life annuities, personal retirement savings accounts, approved retirement funds and approved minimum retirement funds, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 81 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides the general rule as to deductions, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That Part 8 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the taxation of annual payments, charges and interest, be amended by making taxation provisions relating to the deduction of deposit interest retention tax and the charge to tax on deposit interest in the manner and to the extent specified in the Act giving effect to this Resolution.

That Parts 26 and 27 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provide for the taxation and returns of life assurance companies, unit trusts and offshore funds, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 448 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides relief from corporation tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That Chapter 2 of Part 29 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for tax relief in relation to scientific and certain other research, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 958 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for arrangements for the payment of preliminary tax and dates for payment of income tax, capital gains tax and corporation tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 549 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains anti-avoidance measures in the case of transactions between connected persons, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 649A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which sets out the rate of capital gains tax applicable to chargeable gains accruing to a person on a disposal of development land, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That Chapter 7 of Part 19 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provisions relating to reliefs and exemptions from capital gains tax, be scientific and certain other research, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 99 of the Finance Act 2001 (No. 7 of 2001), which provides for the liability of certain persons to excise duty, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That subsection (3) of section 97B (inserted by section 72(1)(c) of the Finance Act 2008), which provides for repayments in respect of mineral oil tax paid on aviation gasoline used for air navigation other than private pleasure flying, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That an excise duty (to be known as air travel tax) be charged, levied and paid on every departure of a passenger on an aircraft from an airport on or after 30 March 2009 in the manner and to the extent specified in the Act giving effect to this Resolution.

That Paragraph 4 of Part B of the Finance (1909-10) Act 1910 (10 Edw.7, c.8), which provides that the duty payable shall be reduced by fifty per cent where a wholesale dealer's licence for the sale of any liquor taken out by a person who is the holder of licence authorising him to sell the same liquor by retail, shall cease to have effect in the manner and to the extent specified in the Act giving effect to this Resolution.

That the duties of excise imposed certain liquor licences be charged, levied and paid at the rates and to the extent specified the Act giving effect to this Resolution.

That section 132 of the Finance Act 1992 (No. 9 of 1992), which provides for charging of vehicle registration tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 134 of the Finance Act 1992 (No. 9 of 1992), which provides permanent reliefs from the payment of vehicle registration tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That in the Value-Added Tax Act 1972 No. 22 of 1972)—

(a) each of the following be amended:

(i) section 3, which relates to the supply of goods,

(ii) section 7A, which relates to the option to tax lettings of immovable goods,

(iii) section 7B, which relates to transitional measures in respect of a waiver of exemption,

(iv) section 20, which relates to refund of tax,

(v) First Schedule, which relates to exempted activities,

(vi) Second Schedule, which relates to goods and services chargeable at the rate of zero per cent,

and

(b) provision be made in respect of the travel agent’s margin scheme, in the manner and to the extent specified in the Act giving effect to this Resolution.

That Chapters 2 and 4 of Part 5 of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which provides for provisions applicable to particular instruments in relation to the chargeability of such instruments to stamp duty, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That section 34 of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which provides for the manner in which certain conveyances or transfers are to be charged to stamp duty, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That the Table in Part 2 of Schedule 2 to the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003), which sets out the rate of gift tax and inheritance tax chargeable on the taxable value of a taxable gift or a taxable inheritance, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

That the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving effect to this Resolution to provide for a reduction in the tax relief available under section 1003 and section 1003A, in respect of the donation of heritage items and heritage property, from 100 per cent of the market value to 80 per cent of the market value.

That Part 42 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains provisions relating to the collection and recovery of income tax, corporation tax and capital gains tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

Question put and agreed to.