Finance Act 2003 (No. 3)

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Version status: In force | Document consolidation status: Updated to reflect all known changes

Published date: 28 March 2003

Consolidation Status: Updated to reflect all known changes

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	Introductory Text
	Acts Referred to
	Part 1 Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-72)
	Chapter 1 Interpretation (s. 1)
In force	1. Interpretation (Part 1).
	Chapter 2 Income Tax (ss. 2-14)
In force	2. Age exemption.
In force	3. Employee tax credit.
In force	4. Amendment of section 122 (preferential loan arrangements) of Principal Act.
In force	5. Amendment of section 126 (tax treatment of certain benefits payable under Social Welfare Acts) of Principal Act.
In force	6. Application of PAYE to perquisites, benefits-in-kind, etc.
In force	7. Payment of tax in respect of share options in certain circumstances.
In force	8. Payment of tax under section 128 (tax treatment of directors of companies and employees granted rights to acquire shares or other assets) of Principal Act.
In force	9. Amendment of section 244 (relief for interest paid on certain home loans) of Principal Act.
In force	10. Amendment of Chapter 1 (payments in respect of professional services by certain persons) of Part 18 of, and Schedule 13 to, Principal Act.
In force	11. Amendment of section 65 (Cases I and II: basis of assessment) of Principal Act.
In force	12. Restriction of reliefs where individual is not actively participating in certain trades.
In force	13. Income tax: ring-fence on use of certain capital allowances on certain industrial buildings and other premises.
In force	14. Pension arrangements.
	Chapter 3 Income Tax, Corporation Tax and Capital Gains Tax (ss. 15-58)
In force	15. Amendment of Part 16 (income tax relief for investment in corporate trades business expansion scheme and seed capital scheme) of Principal Act.
In force	16. Rental income: restriction of relief for certain interest.
In force	17. Claims for repayment, interest on repayments and time limits for assessment.
In force	18. Amendment of section 666 (deduction for increase in stock values) of Principal Act.
In force	19. Amendment of section 667 (special provisions for qualifying farmers) of Principal Act.
In force	20. Amendment of Chapter 4 (transmission capacity rights) of Part 29 of Principal Act.
In force	21. Amendment of section 848A (donations to approved bodies) of Principal Act.
In force	22. Amendment of Schedule 26A (donations to approved bodies, etc.) to Principal Act.
In force	23. Wear and tear allowances.
In force	24. Capital allowances for certain day hospitals.
In force	25. Provisions relating to certain industrial buildings or structures.
In force	26. Amendment of Part 10 (income tax and corporation tax: reliefs for renewal and improvement of certain urban areas, certain resort areas and certain islands) of Principal Act.
In force	27. Amendment of Chapter 7 (qualifying areas) of Part 10 of Principal Act.
In force	28. Amendment of section 372T (non-application of relief in certain circumstances and provision against double relief) of Principal Act.
In force	29. Amendment of Chapter 10 (designated areas of certain towns) of Part 10 of Principal Act.
In force	30. Amendment of Chapter 11 (reliefs for lessors and owner-occupiers in respect of expenditure incurred on the provision of certain residential accommodation) of Part 10 of Principal Act.
In force	31. Amendment of section 749 (dealers in securities) of Principal Act.
In force	32. Conditions relating to relief in respect of expenditure incurred on provision of certain student accommodation.
In force	33. Relevant contracts tax.
In force	34. Filing date for certain returns and elections.
In force	35. Amendment of certain provisions relating to exempt income.
In force	36. Transfer of rent.
In force	37. Matching of relevant foreign currency assets with foreign currency liabilities.
In force	38. Exchange of information.
In force	39. Amendment of section 404 (restriction on use of capital allowances for certain machinery or plant) of Principal Act.
In force	40. Amendment of section 407 (restriction on use of losses and capital allowances for qualifying shipping trade) of Principal Act.
In force	41. Amendment and repeals consequential on abolition of tax credits and advance corporation tax.
In force	42. Amendment of Part 41 (self assessment) of Principal Act.
In force	43. National Development Finance Agency.
In force	44. Restriction on deductibility of certain interest.
In force	45. Amendment of Chapter 2 (additional matters to be treated as distributions, charges to tax in respect of certain loans and surcharges on certain undistributed income) of Part 13 of Principal Act.
In force	46. Amendment of section 249 (rules relating to recovery of capital and replacement loans) of Principal Act.
In force	47. Amendment of section 289 (calculation of balancing allowances and balancing charges in certain cases) of Principal Act.
In force	48. Securitisation and related matters.
In force	49. Wholesale debt instruments and related matters.
In force	50. Amendment of section 737 (special investment schemes) of Principal Act.
In force	51. Amendment of Chapter 1 (income tax and corporation tax) of Part 45 of Principal Act.
In force	52. Cessation of special investment business as separate business.
In force	53. Amendment of Chapter 1A (investment undertakings) of Part 27 of Principal Act.
In force	54. Amendment of section 706 (interpretation and general (Part 26)) of Principal Act.
In force	55. Amendment of section 747E (disposal of an interest in offshore funds) of Principal Act.
In force	56. Amendment of Schedule 2B (investment undertaking declarations) of Principal Act.
In force	57. Amendment of Part 26 (life assurance companies) of Principal Act.
In force	58. Amendment of section 481 (relief for investment in films) of Principal Act.
	Chapter 4 Corporation Tax (ss. 59-64)
In force	59. Provisions relating to loss relief.
In force	60. Unilateral credit relief.
In force	61. Amendment of section 130 (matters to be treated as distributions) of Principal Act.
In force	62. Amendment of Part 24A (tonnage tax) of Principal Act.
In force	63. Amendment of section 430 (meaning of "close company") of Principal Act.
In force	64. Amendment of Schedule 4 (exemption of specified non-commercial State sponsored bodies from certain tax provisions) to Principal Act.
	Chapter 5 Capital Gains Tax (s. 65-72)
In force	65. Amendment of section 556 (adjustment of allowable expenditure by reference to consumer price index) of Principal Act.
In force	66. Restriction of relief on issue of debentures etc.
In force	67. Restriction of deferral of capital gains tax.
In force	68. Amendment of section 598 (disposal of business or farm on "retirement") of Principal Act.
In force	69. Amendment of Chapter 3 (capital gains tax) of Part 2 of Principal Act.
In force	70. Amendment of Chapter 1 (assets and acquisition and disposal of assets) of Part 19 of Principal Act.
In force	71. Amendment of section 980 (deduction from consideration on disposal of certain assets) of Principal Act.
In force	72. Amendment of Schedule 15 (list of bodies for the purposes of section 610) to Principal Act.
	Part 2 Excise (ss. 73-111)
	Chapter 1 Alcohol Products Tax (ss. 73-86)
In force	73. Interpretation (Chapter 1).
In force	74. Qualification to meanings given to certain alcohol products.
In force	75. Charging and rates.
In force	76. Liability and payment.
In force	77. Reliefs.
In force	78. Repayment.
In force	78A. Relief for small breweries.
In force	78B. Certification of small producers
In force	⚠ 78C. Relief for small producers of cider and perry
Not yet in force	⚠ 78D. Relief for small producers of other fermented beverages.
In force	79. Offences and penalties.
Repealed	80. Amendments relative to penalties.
In force	81. Regulations.
Deleted	82. General provisions.
In force	83. Repeals and revocations.
In force	84. Continuity.
In force	85. Care and management of alcohol products tax.
In force	86. Commencement.
	Chapter 2 Miscellaneous (ss. 87-111)
In force	87. Amendment of section 97 (excisable products) of Finance Act 2001.
In force	88. Amendment of section 109 (warehousing) of Finance Act 2001.
In force	89. Amendment of Chapter 2 of Part 2 (Intra-Community movement) of Finance Act 2001.
In force	90. Amendment of section 136 (entry and search of premises) of Finance Act 2001.
In force	91. Rates of mineral oil tax.
In force	92. Spirits.
Repealed	93. Offences in relation to keeping, selling or delivering of unexcised spirits.
In force	94. Amendment of section 102 (offences) of Finance Act 1999.
In force	95. Amendment of section 103 (presumptions in certain proceedings) of Finance Act 1999.
In force	96. Tobacco products.
In force	97. Amendment of section 103 (payment) of Finance Act 2001.
In force	98. Amendment of Chapter 1 (interpretation, liability and payment) of Part 2 of Finance Act 2001.
In force	99. Administrative penalties for breach of provisions or regulations.
In force	100. Delegation of powers, functions and duties of Commissioners.
In force	101. Amendment of section 130 (interpretation) of Finance Act 1992.
In force	102. Amendment of section 131 (registration of vehicles by Revenue Commissioners) of Finance Act 1992.
In force	103. Amendment of section 132 (charge of excise duty) of Finance Act 1992.
In force	104. Amendment of section 134 (permanent reliefs) of Finance Act 1992.
In force	105. Amendment of section 135C (remission or repayment in respect of vehicle registration tax on certain hybrid electric vehicles) of Finance Act 1992.
In force	106. Amendment of section 141 (regulations) of Finance Act 1992.
In force	107. Gaming licences.
In force	108. Amendment of section 43 (gaming machine licence duty) of Finance Act 1975.
In force	109. Amendment of section 120 (interpretation (Chapter III) of Finance Act 1992.
In force	110. Amendment of section 123 (rates of duty) of Finance Act 1992.
In force	111. Time limits.
	Part 3 Value-Added Tax (ss. 112-131)
Repealed	112. Interpretation (Part 3).
Repealed	113. Amendment of section 1 (interpretation) of Principal Act.
Repealed	114. Amendment of section 4 (special provisions in relation to the supply of immovable goods) of Principal Act.
Repealed	115. Amendment of section 5 (supply of services) of Principal Act.
Repealed	116. Special scheme for electronic services
Repealed	117. Amendment of section 7 (waiver of exemption) of Principal Act.
Repealed	118. Amendment of section 8 (taxable persons) of Principal Act.
Repealed	119. Amendment of section 11 (rates of tax) of Principal Act.
Repealed	120. Amendment of section 12B (special scheme for means of transport supplied by taxable dealers) of Principal Act.
Repealed	121. Amendment of section 16 (duty to keep records) of Principal Act.
Repealed	122. Amendment of section 17 (invoices) of Principal Act.
Repealed	123. Amendment of section 19 (tax due and payable) of Principal Act.
Repealed	124. Amendment of section 20 (refund of tax) of Principal Act.
Repealed	125. Interest on refunds of tax.
Repealed	126. Amendment of section 22 (estimation of tax due for a taxable period) of Principal Act.
Repealed	127. Amendment of section 27 (fraudulent returns, etc.) of Principal Act.
Repealed	128. Amendment of section 29 (recovery of penalties) of Principal Act.
Repealed	129. Amendment of section 30 (time limits) of Principal Act.
Repealed	130. Amendment of section 32 (regulations) of Principal Act.
Repealed	131. Amendment of Fourth Schedule to Principal Act.
	Part 4 Stamp Duties (ss. 132-143)
In force	132. Interpretation (Part 4).
In force	133. Amendment of section 1 (interpretation) of Principal Act.
In force	134. Amendment of section 36 (certain contracts for sale of leasehold interests to be chargeable as conveyances on sale) of Principal Act.
In force	135. Amendment of section 69 (operator-instruction deemed to be an instrument of conveyance or transfer) of Principal Act.
In force	136. Amendment of section 79 (conveyances and transfers of property between certain bodies corporate) of Principal Act.
In force	137. Amendment of section 81 (relief from stamp duty in respect of transfers to young trained farmers) of Principal Act.
In force	138. Foreign Government securities.
In force	139. Exemption of National Development Finance Agency, etc. from stamp duty.
In force	140. Amendment of Part 9 (levies) of Principal Act.
In force	141. Levy on certain financial institutions.
In force	142. Amendment of Part 11 (management provisions) of Principal Act.
In force	143. Amendment of Schedule 1 to Principal Act.
	Part 5 Capital Acquisitions Tax (ss. 144-153)
In force	144. Interpretation (Part 5).
In force	145. Time limits for capital acquisitions tax.
In force	146. Administrative changes.
In force	147. Amendment of section 47 (signing of returns, etc.) of Principal Act.
In force	148. Amendment of section 55 (payment of tax on certain assets by instalments) of Principal Act.
In force	149. Amendment of section 69 (exemption of small gifts) of Principal Act.
In force	150. Amendment of section 81 (exemption of certain securities) of Principal Act.
In force	151. Technical amendments (Part 5).
In force	152. Amendment of section 100 (exclusion of value of excepted assets) of Principal Act.
In force	153. Transitional provisions (Part 5).
	Part 6 Residential Property Tax (ss. 154-155)
In force	154. Amendment of section 100 (market value exemption limit) of Finance Act 1983.
In force	155. Time limits.
	Part 7 Miscellaneous (ss. 156-171)
In force	156. Interpretation (Part 7).
In force	157. Amendment of Chapter 4 (collection and recovery of income tax on certain emoluments (PAYE system)) of Part 42 of Principal Act.
In force	158. Amendment of section 899 (inspector's right to make enquiries) of Principal Act.
In force	159. Amendment of Chapter 4 (revenue powers) of Part 38 of Principal Act.
In force	160. Amendment of section 1078 (revenue offences) of Principal Act.
In force	161. Amendment of Chapter 4 (revenue offences) of Part 47 of Principal Act.
In force	162. Amendment of section 1061 (recovery of penalties) of Principal Act.
In force	163. Miscellaneous technical amendments in relation to tax.
In force	164. Mandatory electronic filing and payment of tax.
In force	165. Cesser of certain payments out of Central Fund.
In force	166. Payments from Central Fund to certain persons.
In force	167. Amendment of section 136 (write-off of certain repayable advances to Shannon Free Airport Development Company Limited) of Finance Act 2002.
In force	168. Amendment of section 160 (establishment of Small Savings Reserve Fund) of Finance Act 1994.
Repealed	169. Capital Services Redemption Account.
In force	170. Care and management of taxes and duties.
In force	171. Short title, construction and commencement.
	Schedule 1 Repeals and Revocations Relating to Excise Law
In force	Schedule 1, Part 1 Repeals
In force	Schedule 1, Part 2 Revocations
In force	Schedule 2 Rates of Alcohol Products Tax
In force	Schedule 3 Rates of Excise Duty on Tobacco Products
In force	Schedule 4 Gaming Licences
	Schedule 5 Stamp Duty on Instruments
In force	Schedule 5, Part 1 Conveyance or Transfer on Sale of any property other than stocks or marketable securities or a policy of insurance or a policy of life insurance
In force	Schedule 5, Part 2 Lease
In force	Schedule 6 Miscellaneous Technical Amendments in Relation to Tax

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Finance Act 2003 (No. 3)

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