Table of Contents
Finance Act 2022 (No. 44)Introductory TextActs Referred toPart 1 Universal Social Charge, Income Tax, Corporation Tax and Capital Gains Tax (ss. 1-43)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. 3-24)3. Exemption in respect of incorrect birth registration payment4. Exemption in respect of payments under Covid-19 Death in Service Ex-Gratia Scheme for Health Care Workers5. Payments in respect of redundancy6. Amendment of section 477C of Principal Act (Help to Buy)7. Amendment of section 112B of Principal Act (granting of vouchers)8. Amendment of section 118 of Principal Act (benefits in kind: general charging provision)9. Returns by employers in relation to reportable benefits10. Rate of charge and personal tax credits11. Amendment of section 472BB of Principal Act (sea-going naval personnel credit)12. Amendment of section 480B of Principal Act (relief arising in special circumstances)13. Rent tax credit14. Repeal of section 11 of Finance Act 201915. Key Employee Engagement Programme16. Share based remuneration17. Amendment of section 823A of Principal Act (deduction for income earned in certain foreign states)18. Amendment of section 825C of Principal Act (special assignee relief programme)19. Amendment of Part 7 of Principal Act (lump sums from foreign pension arrangements)20. Pan-European Personal Pension Product (insertion of new Chapter)21. Pan-European Personal Pension Product (amendments consequential on insertion of Chapter 2D in Part 30)22. Removal of benefit-in-kind charge from employer contributions to PRSAs and PEPPs23. Amendment of Schedule 13 to Principal Act (accountable persons for purposes of Chapter 1 of Part 18)24. Exemption of certain profits arising from production, maintenance and repair of certain musical instrumentsChapter 4 Income Tax, Corporation Tax and Capital Gains Tax (ss. 25-37)25. Amendment of Chapter 13 of Part 10 of Principal Act (Living City Initiative)26. Amendment of section 757 of Principal Act (charges on capital sums received for sale of patent rights)27. Amendment of Chapter 2 of Part 29 of Principal Act (scientific and certain other research)28. Amendment of section 472D of Principal Act (relief for key employees engaged in research and development activities)29. Amendment to Chapter 2 of Part 23 of Principal Act (farming: relief for increase in stock values)30. Farming: accelerated allowances for capital expenditure on slurry storage31. Amendment of section 97A of Principal Act (pre-letting expenditure in respect of vacant premises)32. Deduction for retrofitting expenditure33. Amendment of certain tax exemption provisions of Principal Act34. Amendment of Part 16 of Principal Act (relief for investment in corporate trades)35. Amendment of section 835D of Principal Act (principles for construing rules in accordance with OECD Guidelines)36. Amendment of section 743 of Principal Act (material interest in offshore funds)37. Reporting by exempt unit trusts, common contractual funds and investment limited partnershipsChapter 5 Corporation Tax (ss. 38-43)38. Amendment of section 79 of Principal Act (foreign currency: computation of income and chargeable gains)39. Interest limitation40. Amendment of Chapter 5 of Part 29 of Principal Act (taxation of companies engaged in knowledge development)41. Amendment of section 481 of Principal Act (relief for investment in films)42. Amendment of section 481A of Principal Act (relief for investment in digital games)43. Amendment of section 835YA of Principal Act (non-cooperative jurisdictions: modified application of sections 835T, 835U and 835V)Part 2 Excise (ss. 44-51)44. Amendment of Schedule 2 to Finance Act 1999 (rates of mineral oil tax)45. Amendment of section 98 of Finance Act 1999 (horticultural production)46. Amendment of Chapter 2 of Part 3 of Finance Act 2010 (natural gas carbon tax)47. Amendment of Schedule 2 to Finance Act 2005 (rates of tobacco products tax)48. Amendment of Chapter 1 of Part 2 of Finance Act 2003 (alcohol products tax)49. Reduction in excise duty on special exemption orders50. Amendment of section 67 of Finance Act 2002 (betting duty)51. Amendment of section 126 of Finance Act 2001 (proceedings in relation to offences)Part 3 Value-Added Tax (ss. 52-64)52. Interpretation (Part 3)53. Amendment of section 46 of Principal Act (rates of tax)54. Amendment of section 59 of and Schedule 1 to Principal Act55. Registration56. Amendment of section 86 of Principal Act (special provisions for tax invoiced by flat-rate farmers)57. Amendment of Part 13 of Principal Act (administration and general)58. Amendment of paragraph 2 of Schedule 1 to Principal Act (medical and related services)59. Amendment of paragraph 3 of Schedule 1 to Principal Act (certain independent groups, non-profit making organisations and other bodies)60. Amendment of paragraph 6(2) of Schedule 1 to Principal Act (financial services - EU funds)61. Amendment of paragraph 6(2) of Schedule 1 to Principal Act (financial services - section 110 companies)62. Amendment of paragraph 7 of Schedule 1 to Principal Act (agency services)63. Amendment of Schedule 2 to Principal Act (zero-rated goods and services)64. Amendment of Schedule 2 and Schedule 3 to Principal Act (zero-rated goods and services)Part 4 Stamp Duties (ss. 65-73)65. Interpretation (Part 4)66. Stamp duty on certain acquisitions of residential property67. Amendment of section 83D of Principal Act (repayment of stamp duty where land used for residential development)68. Repayment of stamp duty in certain circumstances69. Securities transferred by means of electronic systems70. Banking levies modernisation71. Levy on authorised insurers: modernisation and compliance72. Amendment of section 126AA of Principal Act (further levy on certain financial institutions)73. Extension of farming reliefsPart 5 Capital Acquisitions Tax (ss. 74-77)74. Interpretation (Part 5)75. Amendment of Principal Act in relation to section 4B of Succession Act 196576. Amendment of section 48A of Principal Act (information about a deceased person's property)77. Amendment of section 82 of Principal Act (exemption of certain receipts)Part 6 Miscellaneous (ss. 78-106)78. Interpretation (Part 6)79. Amendment of section 949AP of Principal Act (appealing against determinations)80. Amendment of section 949AQ of Principal Act (case stated for High Court)81. Amendment of Part 38 of Principal Act (returns of income and gains, other obligations and returns, and Revenue powers)82. Return of certain information by Reporting Platform Operators83. Implementation of Council Directive (EU) 2021/514 of 22 March 2021 amending Directive 2011/16/EU on administrative cooperation in the field of taxation84. Amendment of section 99B of Finance Act 2001 (penalty for deliberately or carelessly making incorrect returns, etc.)85. Penalty for deliberately or carelessly making incorrect returns or failing to make certain returns, etc.86. Amendment of section 1077F of Principal Act (penalty for deliberately or carelessly making incorrect returns or failing to make certain returns, etc.)87. Amendment of section 1086A of Principal Act (publication of names and details of tax defaulters)88. Amendment of section 116A of Value-Added Tax Consolidation Act 2010 (penalty for deliberately or carelessly making incorrect returns, etc.)89. Amendment of section 134A of Stamp Duties Consolidation Act 1999 (penalties)90. Amendment of section 959AA of Principal Act (chargeable persons: time limit on assessment made or amended by Revenue officer)91. Amendment of section 959Z of Principal Act (right of Revenue officer to make enquiries)92. Amendment of section 1041 of Principal Act (rents payable to non-residents)93. Amendment of Part 1 of Schedule 26A to Principal Act (donations to approved bodies, etc.)94. 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)95. Trained farmer qualifications96. Vacant homes tax97. Amendment of section 604B of Principal Act (relief for farm restructuring)98. Residential zoned land tax99. Defective concrete products levy100. Objectives of section 101, purposes for which its provisions are enacted and certain duty of Minister for Finance respecting those provisions' operation101. Temporary Business Energy Support Scheme102. Miscellaneous provisions consequent on section 101103. Commencement of sections 100, 101 and 102104. Miscellaneous technical amendments in relation to tax105. Care and management of taxes and duties106. Short title, construction and commencementSchedule - Miscellaneous Technical Amendments in relation to Tax
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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 December 2022 - onwards
53. Amendment of section 46 of Principal Act (rates of tax)
Section 46 of the Principal Act is amended, in subsection (1)(caa), by the substitution of "28 February 2023" for "31 October 2022".