Skip to main content
Normal View

Dáil Éireann debate -
Thursday, 23 Feb 2012

Vol. 756 No. 4

Finance Bill 2012: Financial Resolutions

I move the following Resolutions:

THAT Part 18D of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for the universal social charge, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Part 18D of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for a universal social charge, be amended in the manner and to the extent specified in the Act giving effect to this Resolution so as to provide for a property relief surcharge.

THAT section 470B of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for age-related relief for health insurance premiums, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 473A of the Taxes Consolidation Act 1997 (No. 39 of 1997),which provides for relief for fees paid for third level education, etc., be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 825B of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for repayment of tax where earnings not remitted, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Part 12 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains the principal provisions relating to loss relief, treatment of certain losses and capital allowances, and group relief, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Chapters 1, 2, 2A, 2C and 4 of Part 30 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relate respectively to occupational pension schemes, retirement annuities, Personal Retirement Savings Accounts, the limit on tax-relieved pension funds and miscellaneous provisions relating to the foregoing, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 176 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to the purchase of unquoted shares by the company which issued those shares or its subsidiary, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Schedule 13 to the Taxes Consolidation Act 1997 (No. 39 of 1997), which contains a list of the accountable persons that are required to operate professional services withholding tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Chapter 2 of Part 18 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to payments to subcontractors in certain industries, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 482 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to relief for expenditure on significant buildings and gardens, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 481 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for relief for investment in films, 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 relief from tax in respect of expenditure on scientific and certain other research, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Chapter 1 of Part 27 of the Taxes Consolidation Act 1997 (No. 39 of 1997), in section 738 which deals with the tax treatment of undertakings for collective investment, and in section 739 which deals with the tax treatment of the unit holders in such undertakings, 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 rules for the taxation of deposit interest, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Schedule 2 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides rules for the deduction of tax from certain dividends and interest, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 80A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides rules for the taxation of short-term leases of plant and machinery, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 241, which relates to the requirement for certain non-resident companies to make a return of payments made under deduction of tax and have the tax treated as part of the company's corporation tax liability, 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.

THAT the Taxes Consolidation Act 1997 (No. 39 of 1997) be amended in the manner and to the extent specified in the Act giving rise to this Resolution so as to provide that a tax deduction is available to a company for expenditure incurred for the purposes of the trade on the purchase of emission allowances and that the amount received or receivable for the disposal of such allowances is deemed to be a trading receipt of the trade in computing the company's trading income and, furthermore, that the disposal of emissions allowances acquired free of charge from the Environmental Protection Agency is the disposal of an asset for capital gains tax purposes.

THAT section 21A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for a higher rate of corporation tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a disposal made on or after 8 February 2012, section 533 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to the location of assets for capital gains tax purposes, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a disposal made on or after 8 February 2012, section 562 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which sets out how contingent liabilities are to be treated for capital gains tax purposes, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a disposal made on or after 1 January 2014, section 598(2)(b) of the Taxes Consolidation Act 1997 (No. 39 of 1997), which grants relief for disposals of certain business and farming assets outside the family, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a disposal made on or after 1 January 2014, section 599(1)(b)(ii) of the Taxes Consolidation Act 1997 (No. 39 of 1997), which grants relief for disposals of certain business and farming assets within the family, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a disposal made on or after 8 February 2012, section 579 of the Taxes Consolidation Act 1997 (No. 39 of 1997), which relates to disposals by non-resident trusts, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 96 of, and Schedules 2 and 2A to, the Finance Act 1999 (No. 2 of 1999), which provide for the rates of mineral oil tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 98 of the Finance Act 1999 (No. 2 of 1999), which provides for repayment of mineral oil tax paid on heavy oil or liquefied petroleum gas used in horticultural production, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT sections 95 and 96 of the Finance Act 1999 (No. 2 of 1999), which provide for the charging of, and rates for, mineral oil tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 100 of the Finance Act 1999 (No. 2 of 1999), which provides for reliefs from mineral oil tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 101 of the Finance Act 1999 (No. 2 of 1999), which provides for a licence for persons who produce, sell, deal in or deliver mineral oil, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 67 of the Finance Act 2010 (No. 5 of 2010), which provides for the charging and rates of natural gas carbon tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 68 of the Finance Act 2010 (No. 5 of 2010), which provides for liability to pay natural gas carbon tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 79 of the Finance Act 2010 (No. 5 of 2010), which provides for liability to pay solid fuel carbon tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 16 of the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010), which relates to persons accountable for value-added tax, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 66 of the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010), which relates to the issue of invoices and other documents, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT paragraph 8 of Schedule 3 to the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010), which relates to the reduced rate of value-added tax chargeable on goods and services of a kind specified in that paragraph, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT Schedule 1 to the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which sets out the stamp duty payable on instruments, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 125 of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which imposes a levy on certain premiums of insurance, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 125A of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), which imposes a levy on health insurers, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a gift or an inheritance taken on or after 7 December 2011, the definition of ‘threshold amount' in paragraph 1 of Part 1 of Schedule 2 to the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003), be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT sections 2, 15, 18 and 21 of the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003) relating to discretionary trusts, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a gift or an inheritance taken on or after 8 February 2012, section 36 of the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003), which relates to dispositions involving powers of appointment, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects a gift or an inheritance taken on or after 8 February 2012, section 89 of the Capital Acquisitions Tax Consolidation Act 2003 (No. 1 of 2003), which grants relief to certain individuals in respect of agricultural property acquired by way of gift or 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), in so far as it relates to assessing (including self assessment) rules for income tax, corporation tax and capital gains tax and matters related thereto, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 216A of the Taxes Consolidation Act 1997 (No. 39 of 1997), which provides for rent-a-room relief, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT, as respects the year 2012 and subsequent years, section 531AA of the Taxes Consolidation Act 1997 (No. 39 of 1997), which interprets certain terms used in Part 18C of that Act relating to domicile levy, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

THAT section 10 of the Value-Added Tax Consolidation Act 2010 (No. 31 of 2010), which relates to certain supplies of goods made by a supplier not established in the State, be amended in the manner and to the extent specified in the Act giving effect to this Resolution.

Question put and agreed to.
Top
Share