Part 42 of the Principal Act is amended in Chapter 5 by the insertion after section 1006 of the following:

"1006A. Offset between taxes.

(1) In this section -

'Acts' means -

(a) the Tax Acts,

(b) the Capital Gains Tax Acts,

(c) the Value-Added Tax Act, 1972, and the enactments amending or extending that Act,

(d) the statutes relating to the duties of excise and to the management of those duties,

(e) the Capital Acquisitions Tax Act, 1976, and the enactments amending or extending that Act,

(f) the Stamp Duties Consolidation Act, 1999,

(g) Part VI of the Finance Act, 1983, and the enactments amending or extending that Part,

(h) Chapter IV of Part II of the Finance Act, 1992,

and any instrument made thereunder;

'claim' means a claim that gives rise to a repayment of tax under any of the Acts and includes part of such a claim;

'liability' means any tax, duty, levy or other charge due or estimated to be due under the Acts for a taxable period, income tax month, income tax year, chargeable period or chargeable event, as appropriate;