FINANCE ACT, 1976 (1976_act_16) | IE

ISB Act 1976-05-27

Schedule 1 FINANCE ACT, 1976 Open official source

FIRST SCHEDULE Amendment of Enactments

Amendment of Enactments

Section 10.

PART I

Amendments Consequential on Changes in Personal Reliefs

The Income Tax Act, 1967, is hereby amended in accordance with the following provisions of this paragraph

(i) In section 138—

(a) in subsection (1), for “£920”, in each place where it occurs, there shall be substituted “£1,010”, for “£575” there shall be substituted “£620”, and for “£1,035” there shall be substituted “£1,125”,

(b) in subsection (2), for “£575”, in each place where it occurs, there shall be substituted “£620”, and for “£635” there shall be substituted “£685”.

(ii) In section 141, in subsection (1A), for “£230” there shall be substituted “£240” and for “£310”, in each place where it occurs, there shall be substituted “£320”.

PART II

Amendments Consequential on Certain Amendments of Value-Added Tax Act, 1972

Section 61.

Number and Year

Short Title

Amendment

(1)

(2)

(3)

No. 22 of 1972

Value-Added Tax Act, 1972.

In section 1 (1) the following definition shall be inserted

“‘fur skin’ means any skin with the fur, hair or wool attached except skin of woolled sheep or lamb;”.

In section 3 (5) (b) “either of the rates” shall be substituted for “the rate”.

In section 10 (2A) (b) (ii) (inserted by the Finance Act, 1975) “either of the rates” shall be substituted for “the rate”.

In section 10—

(a) in subsection (7), “10 per cent.” shall be substituted for “1481 per cent.” (inserted by the Finance Act, 1973), and

(b) in subsection (8) (b), “30 per cent.” shall be substituted for “45 per cent.” (inserted by the Finance Act, 1973).

In section 11—

(a) in subsection (2) (b) (inserted by the Finance Act, 1975) “a rate” shall be substituted for “the rate”, and

(b) in subsection (3), “paragraph (xxix)” shall be substituted for “paragraph (xxxii)”.

In section 15—

(a) in subsection (1), the following paragraph shall be substituted for paragraph (b)

“(b) (i) on goods of a kind specified in Part I of the Fourth Schedule at the rate specified in section 11 (1) (c) (i) on the value of the goods, (ii) on goods of a kind specified in Part II of the Fourth Schedule at the rate specified in section 11 (1) (c) (ii) on the value of the goods, and”,

“(b) (i) on goods of a kind specified in Part I of the Fourth Schedule at the rate specified in section 11 (1) (c) (i) on the value of the goods,

(ii) on goods of a kind specified in Part II of the Fourth Schedule at the rate specified in section 11 (1) (c) (ii) on the value of the goods, and”,

and

(b) in subsection (4) (b), “10 per cent.” shall be substituted for “1481 per cent.” (inserted by the Finance Act, 1973).

ISB Act 1976-05-27

Schedule 2 FINANCE ACT, 1976 Open official source

SECOND SCHEDULE Rates of Excise Duty on Spirits

Rates of Excise Duty on Spirits

Section 37.

Description of Spirits

Rate of Duty

£

For every gallon computed at proof of spirits of any description not mentioned hereinafter and imported mixtures and preparations containing spirits

260376

For every gallon of imported perfumed spirits entered in such manner as to indicate that the strength is not to be tested

41660

For every gallon of imported liqueurs, cordials, mixtures and other preparations in bottle entered in such manner as to indicate that the strength is not to be tested

35151

ISB Act 1976-05-27

Schedule 3 FINANCE ACT, 1976 Open official source

THIRD SCHEDULE Rates of Excise Duty on Tobacco

Rates of Excise Duty on Tobacco

section 38.

Description of Tobacco

Rate of Duty

£

Unmanufactured tobacco

Unstripped or unstemmed

Containing 10 or more by weight of moisture

the lb.

6789

Other

the lb.

6989

Stripped or stemmed

Containing 10 or more by weight of moisture

the lb.

6789

Other

the lb.

6989

Manufactured tobacco

Cigars

the lb.

6817

Cigarettes

the lb.

6843

Cavendish or negrohead

Manufactured in bond

the lb.

6889

Other

the lb.

6914

Snuff

Containing more than 13 by weight of moisture

the lb.

6814

Other

the lb.

6914

Reconstituted or homogenised tobacco

Containing 10 or more by weight of moisture

the lb.

6789

Other

the lb.

6989

Other

Hard pressed tobacco

the lb.

5643

Other pipe tobacco

the lb.

6606

Other manufactured tobacco

the lb.

6831

ISB Act 1976-05-27

Schedule 4 FINANCE ACT, 1976 Open official source

FOURTH SCHEDULE

Section 39.

PART I

Rates of Excise Duty on Wine

Description of Wine

Rate of Duty

£

Still

Not exceeding 25 of proof spirit

the gallon

2299

Exceeding 25 but not exceeding 30 of proof spirit

the gallon

2611

Exceeding 30 of proof spirit

the gallon

3480

Sparkling

the gallon

4498

Wine whether still or sparkling exceeding 42 of proof spirit

An additional duty for every degree or fraction of a degree above 42 of proof spirit

the gallon

0175

PART II

Rates of Excise Duty on Made Wine

Description of Made Wine

Rate of Duty

Still

£

Not exceeding 25 of proof spirit

the gallon

1921

Exceeding 25 but not exceeding 30 of proof spirit

the gallon

1991

Exceeding 30 of proof spirit

the gallon

2302

Sparkling

the gallon

3201

Whether still or sparkling exceeding 42 of proof spirit

An additional duty for every degree or fraction of a degree above 42 of proof spirit

the gallon

0141

ISB Act 1976-05-27

Schedule 5 FINANCE ACT, 1976 Open official source

FIFTH SCHEDULE Enactments Repealed

Enactments Repealed

section 81

PART I

Number and Year

Short Title

Extent of Repeal

(1)

(2)

(3)

No. 6 of 1967

Income Tax Act, 1967.

Section 125 (a).

In section 157 (c), the words from “, and salaries” to “to the Bank”.

In section 557, the words “and Rule 6 of Schedule 2”.

In Schedule 2, Rules 5, 6 and 7.

PART II

Number and Year

Short Title

Extent of Repeal

(1)

(2)

(3)

No. 22 of 1972

Value-Added Tax Act, 1972.

Section 11 (1) (b).

Section 12 (1) (b).

Section 13.

In section 17—

(a) subsections (2) and (4),

(b) in subsection (6), the words “, otherwise than as required by section 13”,

(c) in subsection (7), the words from “and an amendment of an invoice” to the end of the subsection,

(d) in subsection (8), the words “or subsection (2), as may be appropriate,” and

(e) in subsection (10) (a), the words from “or goods or services” to “to a registered person”.

In section 26—

(a) in subsection (1), the numerals “13”, and

(b) in subsection (2), the words “otherwise than under and in accordance with section 13”.

In section 32 (1)—

(a) paragraph (f), and

(b) in paragraph (w), the words from “and the treatment” to the end of the paragraph.

Section 35 (1) (c).

FINANCE ACT, 1976

Statutory Text (5 Articles)

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