On section 207 we have amendment No. 138 in the name of an tAire, 138 and 139 are consequential on amendment No. 140.
Amendments Nos. 138, 139 and 140 together by agreement.
SECTION 207.
Chairman
I move amendment No. 138:
In page 208, subsection (1), line 28, to delete "and".
The first two amendments of the sequence are merely presentational, designed to facilitate the inclusion of a reference to section 205 in the specified provisions for the purposes of section 207. The third amendment in the sequence relates to the inclusion of section 205, which is necessary to clarify beyond doubt an inspector's right to audit third party returns required to be delivered automatically under the provisions of sections 205.
Amendment agreed to.
I move amendment No. 139:
In page 208, subsection (1), line 30, to delete "1989." and substitute "1989, and".
Amendment agreed to.
I move amendment No. 140:
In page 208, subsection (1), between lines 30 and 31, to insert the following:
"(d) section 205.".
Amendment agreed to.
I move amendment No. 141:
In page 208, between lines 34 and 35, to insert the following subsection:
"(3) Subsection (2) shall not apply in respect of a return made under section 205 of such matters and particulars as would be required to be contained in a return delivered pursuant to a notice given to a relevant person by the appropriate inspector under section 175 of the Income Tax Act, 1967, for the relevant chargeable period.".
The purpose of this amendment is to insert a new subsection, subsection (3) in section 207, which is designed to ensure that an inspector's right to audit third party returns filed automatically does not extend to returns made automatically of interest paid or credited. Such returns are at present required to be filed on foot of a notice under section 175 of the Income Tax Act, 1967.
Amendment agreed to.
Chairman
Is section 207, as amended, agreed? Agreed.
Section 208 agreed to.