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Version date: 2 August 2023 - onwards
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23. Insertion of new Part 24B in Act of 1997

The Act of 1997 is amended by the insertion of the following Part after Part 24A:

"PART 24B COUNCIL REGULATION (EU) 2022/1854 OF 6 OCTOBER 2022 [OJ L 261, 7.10.2022, p.1] AS REGARDS TEMPORARY SOLIDARITY CONTRIBUTION

697R. Interpretation

(1) In this Part -

‘accounting period’ means an accounting period determined in accordance with section 27;

‘Act of 2023’ means the Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023;

‘average taxable profits in respect of the reference years’ shall be construed in accordance with section 697T(1);

‘chargeable period’ has the same meaning as it has in the Act of 2023;

‘Council Regulation’ has the same meaning as it has in the Act of 2023;

‘energy company’ has the same meaning as it has in the Act of 2023;

‘relevant activities’ has the same meaning as it has in the Act of 2023;

‘taxable profits’ shall be construed in accordance with section 697S(1);

‘temporary solidarity contribution

Comparing proposed amendment...