(1) In this section "register of firearms dealers" means the register to be established and kept under section 9 of the Firearms Act 1925.
(2) The duty of excise imposed by section 41(1) of the Finance Act 1925 on the registration of a person in the register of firearms dealers shall be charged, levied and paid at the rate of €340 in lieu of the rate specified in section 159(1) of the Finance Act 1992.
(3) The duty of excise imposed by section 41(3) (inserted by section 52(c) of the Finance Act 1971) of the Finance Act 1925 on the registration of a person in the register of firearms dealers shall be charged, levied and paid at the rate of €55 in lieu of the rate specified in section 159(2) of the Finance Act 1992.
(4) This section comes into effect on 31 December 2007.