Finance Act 2021 (No. 45)

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

Published date: 21 December 2021

Signed into law by the President on the 21st December 2021.

Marked-up copies of text incorporating provisions of the Bill are still available for:

Taxes Consolidation Act, 1997

	Introductory Text
	Acts Referred to
	Part 1 Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-39)
	Chapter 1 Interpretation (s. 1)
	1. Interpretation (Part 1)
	Chapter 2 Universal Social Charge (s. 2)
	2. Amendment of section 531AN of Principal Act (rate of charge)
	Chapter 3 Income Tax (ss. 3-15)
	3. Deduction in respect of certain expenses of remote working
	4. Exemption in respect of Pandemic Placement Grant
	5. Amendment of section 477C of Principal Act (Help to Buy)
	6. Rate of charge and personal tax credits
	7. Amendment of section 118 of Principal Act (benefits in kind: general charging provision)
	8. Amendment of section 127B of Principal Act (tax treatment of flight crew in international traffic)
	9. Benefit-in-kind: emissions-based calculations
	10. Amendment of section 472BB of Principal Act (sea-going naval personnel credit)
	11. Amendment of Schedule 13 to Principal Act (accountable persons for purposes of Chapter 1 of Part 18)
	12. Retirement benefits: amendment of death-in-service provision
	13. Retirement benefits: removal of 15 year rule
	14. Retirement benefits: removal of Approved Minimum Retirement Fund (AMRF)
	15. Retirement benefits: amendment of section 774 of Principal Act (certain approved schemes: exemptions and reliefs)
	Chapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 16-27)
	16. Amendment of section 97A of Principal Act (pre-letting expenditure in respect of vacant premises)
	17. Amendment of section 261 of Principal Act (taxation of relevant interest, etc.)
	18. Non-resident landlords
	19. Amendment of certain tax exemption provisions of Principal Act
	20. Certain profits of micro-generation of electricity
	21. Amendment of section 285A of Principal Act (acceleration of wear and tear allowances for certain energy-efficient equipment)
	22. Amendment of section 285C of Principal Act (acceleration of wear and tear allowances for gas vehicles and refuelling equipment)
	23. Amendment of section 285D of Principal Act (acceleration of wear and tear allowances for farm safety equipment)
	24. Amendment of Part 23 of Principal Act (farming and market gardening)
	25. Amendment of section 886 of Principal Act (obligation to keep certain records)
	26. Amendment of Part 16 of Principal Act (relief for investment in corporate trades)
	27. Amendment of Part 35A of Principal Act (transfer pricing)
	Chapter 5 Corporation Tax (ss. 28-36)
	28. Attribution of profits to a branch
	29. Amendment of section 129A of Principal Act (dividends paid out of foreign profits)
	30. Amendment of Part 35C of Principal Act (implementation of Council Directive (EU) 2016/1164 of 12 July 2016 as regards hybrid mismatches)
	31. Interest limitation
	32. Amendment of section 481 of Principal Act (relief for investment in films)
	33. Digital games relief
	34. Amendment of section 486C of Principal Act (relief from tax for certain start-up companies)
	35. Amendment of Part 35B of Principal Act (implementation of Articles 7 and 8 of Council Directive (EU) 2016/1164 of 12 July 2016 (controlled foreign companies))
	36. Amendment of section 840A of Principal Act (interest on loans to defray money applied for certain purposes)
	Chapter 6 Capital Gains Tax (ss. 37-39)
	37. Amendment of section 604 of Principal Act (disposals of principal private residence)
	38. Transfers arising from certain mergers under Companies Act 2014
	39. Amendment of section 630 of Principal Act (interpretation (Part 21))
	Part 2 Excise (ss. 40-49)
	40. Rates of tobacco products tax
	41. Amendment of Chapter 1 of Part 2 of Finance Act 1999 (mineral oil tax)
	42. Amendment of Schedule 2 to Finance Act 1999 (mineral oil tax)
	43. Amendment of Chapter 1 of Part 2 of Finance Act 2003 (alcohol products tax)
	44. Amendment of section 78A of Finance Act 2003 (relief for small breweries)
	45. Waiver of excise duty on renewal of certain liquor licences, public dancing licences and certificates of registration of clubs
	46. Waiver of excise duty on special exemption orders
	47. Amendment of Part 2 of Finance Act 2001 (excise)
	48. Amendment of section 132 of Finance Act 1992 (charge of excise duty)
	49. Amendment of section 135C of Finance Act 1992 (remission or repayment in respect of vehicle registration tax, etc.)
	Part 3 Value-Added Tax (ss. 50-56)
	50. Interpretation (Part 3)
	51. VAT groups
	52. Amendment of section 56 of Principal Act (zero-rating scheme for qualifying businesses)
	53. Cancellation deposits
	54. Amendment of section 86 of Principal Act (special provisions for tax invoiced by flat-rate farmers)
	55. Amendment of section 103 of Principal Act (Ministerial refund orders)
	56. Amendment of Schedules to Principal Act
	Part 4 Stamp Duties (ss. 57-63)
	57. Interpretation (Part 4)
	58. Stamp duty on certain acquisitions of residential property
	59. Amendment of section 81AA of Principal Act (transfers to young trained farmers)
	60. Amendment of section 126AA of Principal Act (further levy on certain financial institutions)
	61. Banking levies modernisation
	62. Insurance levies modernisation
	63. Banking and insurance levies compliance
	Part 5 Capital Acquisitions Tax (ss. 64-66)
	64. Interpretation (Part 5)
	65. Amendment of section 46 of Principal Act (delivery of returns)
	66. Amendment of section 82 of Principal Act (exemption of certain receipts)
	Part 6 Miscellaneous (ss. 67-87)
	67. Interpretation (Part 6)
	68. Repeal of section 857 of and Schedule 27 to, and amendment of section 867 of, Principal Act
	69. Amendment of section 949AQ of Principal Act (case stated for High Court)
	70. Amendment of Part 7 of Emergency Measures in the Public Interest (Covid-19) Act 2020
	71. Amendment of section 959AM of Principal Act (interpretation and miscellaneous (Chapter 7))
	72. Amendment of section 1080B of Principal Act (Covid-19: special warehousing and interest provisions (income tax))
	73. Covid-19: interest charge on relevant person under section 1080B
	74. Amendment of section 1077E of Principal Act (penalty for deliberately or carelessly making incorrect returns, etc.)
	75. Penalty for deliberately or carelessly making incorrect returns or failing to make certain returns, etc.
	76. Amendment of section 116 of Value-Added Tax Consolidation Act 2010 (penalty for deliberately or carelessly making incorrect returns, etc.)
	77. Amendment of section 1086 of Principal Act (publication of names of tax defaulters)
	78. Publication of names and details of tax defaulters
	79. Amendment of Part 3 of Schedule 26A to Principal Act (donations to approved bodies, etc.)
	80. Residential zoned land tax
	81. Mandatory disclosure of certain transactions
	82. Amendment of Part 38 of Principal Act (returns of income and gains, other obligations and returns, and Revenue powers)
	83. Amendment of Schedule 24A to Principal Act (arrangements made by the Government with the government of any territory outside the State in relation to affording relief from double taxation and exchanging information in relation to tax)
	84. Amendment of Chapter 2 of Part 15 of Principal Act
	85. Miscellaneous technical amendments in relation to tax
	86. Care and management of taxes and duties
	87. Short title, construction and commencement
	Schedule
	Schedule, Part 1 Amendment of Taxes Consolidation Act 1997
	Schedule, Part 2 Amendment of Value-Added Tax Consolidation Act 2010
	Schedule, Part 3 Amendment of Finance Act 2001