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Finance Act, 1993 (No. 13)Introductory TextActs Referred toPart I Income Tax, Income Levy, Corporation Tax and Capital Gains Tax (ss. 1-51)Chapter I Income Tax (ss. 1-8)1. Amendment of provisions relating to exemption from income tax.2. Alteration of rates of income tax.3. Personal reliefs.4. Amendment of section 6 (special allowance in respect of P.R.S.I. for 1982-83) of Finance Act, 1982.5. Amendment of provisions relating to relief in respect of interest.6. Amendment of section 11 (restriction of relief to individuals on loans applied in acquiring shares in companies) of Finance Act, 1990.7. Tax treatment of certain severance payments.8. Reliefs in respect of tax charged on payments on retirement, etc.Chapter II Income Levy (s. 9)9. Application of section 16 (income levy) of Finance Act, 1983, for 1993-94.Chapter III Taxation of Married Persons (s. 10)10. Taxation of married persons.Chapter IV Taxation of Savings and Investment (ss. 11-24)11. Amendment of Part III (special classes of companies) of Corporation Tax Act, 1976.12. Life assurance companies: transitional provisions.13. Special investment schemes.14. Special portfolio investment accounts.15. Amendment of provisions relating to interest payments by certain deposit takers.16. Limits to special investments.17. Undertakings for collective investment.18. Taxation of unit holders in undertakings for collective investment.19. Amendment of section 31 (unit trusts) of the Capital Gains Tax Act, 1975.20. Amendment of section 18 (taxation of collective investment undertakings) of Finance Act, 1989.21. Life assurance companies: amendment of section 29 (taxation of income deemed to arise on certain sales of securities) of Finance Act, 1984.22. Life assurance companies: amendment of section 16 (relief for trading losses other than terminal losses) of Corporation Tax Act, 1976.23. Amendment of section 33A Corporation Tax Act, 1976.24. Foreign life assurance and deferred annuities: taxation and returns.Chapter V Investment Incentive Schemes (ss. 25-27)25. Amendment of Chapter III (Income Tax: Relief for Investment in Corporate Trades) of Part I of Finance Act, 1984.26. Amendment of section 12 (relief for new shares purchased on issue by employees) of Finance Act, 1986.27. Relief for individuals on certain reinvestment.Chapter VI Income Tax, Corporation Tax and Capital Gains Tax (ss. 28-38)28. Farming: amendment of provisions relating to relief in respect of increase in stock values.29. Application of section 19 (relief for expenditure on significant buildings) of Finance Act, 1982.30. Amendment of Chapter V (Urban Renewal: Relief from Income Tax and Corporation Tax) of Part I of Finance Act, 1986.31. Amendment of section 4 (relief for expenditure on certain buildings in designated areas) of Finance Act, 1989.32. Amendment of Chapter VII (Urban Renewal: Temple Bar and Other Areas) of Part I of Finance Act, 1991.33. Amendment of section 51 (application of certain allowances in relation to certain areas and certain expenditure) of Finance Act, 1988.34. Captial allowances: treatment of grants, etc.35. Transfer of shares held by certain societies to members of society.36. Amendment of section 56 (taxation of shares issued in lieu of cash dividends) of Finance Act, 1974.37. Údarás na Gaeltachta and small enterprise grants.38. Market Development Fund and Employment Subsidy Scheme.Chapter VII Corporation Tax (ss. 39-51)39. Amendment of section 6 (general scheme of corporation tax) of Corporation Tax Act, 1976.40. Amendment of section 18 (date for payment of tax) of Finance Act, 1988.41. Amendment of section 50 (returns and collection of advance corporation tax) of Finance Act, 1983.42. Amendment of section 1 (introduction for companies of corporation tax in place of income tax, corporation profits tax and capital gains tax) of Corporation Tax Act, 1976.43. Cesser of section 337 (savings banks) of Income Tax Act, 1967.44. Amendment of section 39 (meaning of "goods") of Finance Act, 1980.45. Amendment of section 84A (limitation on meaning of "distribution") of Corporation Tax Act, 1976.46. Tax credit for recipients of certain distributions.47. Taxation of certain foreign currency transactions.48. Amendment of section 35 (relief for investment in films) of Finance Act, 1987.49. Tax treatment of foreign trusts.50. Amendment of section 10A (restriction of certain charges on income) of Corporation Tax Act, 1976.51. Gifts to First Step.Part II Customs and Excise (ss. 52-80)Chapter I Registration and Taxation of Vehicles (ss. 52-56)52. "Act of 1992" (Chapter I).53. Amendment of section 130 (interpretation) of Act of 1992.54. Amendment of section 134 (permanent reliefs) of Act of 1992.55. Amendment of section 136 (authorisation of manufacturers, distributors and dealers and periodic payment of duty) of Act of 1992.56. Amendment of section 141 (regulations) of Act of 1992.Chapter II Excise Duties on, and Licensing of, Vehicles (ss. 57-64)57. Interpretation (Chapter II).58. Regulations.59. Extension of powers of licensing authorities in relation to grant of certain licences.60. Records.61. Evidence.62. Miscellaneous.63. Amendment of certain provisions relating to penalties for offences in relation to licensing and registration of vehicles.64. Amendment of the Act of 1920.Chapter III Miscellaneous (ss. 65-80)65. Interpretation (Chapter III).66. Tobacco products.67. Cider and perry.68. Wine and made wine.69. Hydrocarbons.70. Amendment of section 123 (rates of duty) of Finance Act, 1992.71. Gaming machine licence duty.72. Amendment of section 35 (hydrocarbons) of Finance Act, 1981.73. Duty on beer.74. Deferment of duty on beer.75. Deferment of duty on wine and made wine.76. Application of Article 5.2 of Council Directive No. 92/12/EEC.77. Spirits retailers' on-licences.78. Amendment of section 155 (spirits retailers' on-licences) of Finance Act, 1992.79. Tax clearance in relation to certain excise licences.80. Repeals and revocations (Chapter III).Part III Value-Added Tax (ss. 81-99)81. Interpretation (Part III).82. Amendment of section 3 (supply of goods) of Principal Act.83. Amendment of section 3A (intra-Community acquisition of goods) of Principal Act.84. Alcohol products.85. Amendment of section 8 (taxable persons) of Principal Act.86. Amendment of section 10 (amount on which tax is chargeable) of Principal Act.87. Amendment of section 11 (rates of tax) of Principal Act.88. Amendment of section 12 (deductions for tax borne or paid) of Principal Act.89. Amendment of section 12A (special provisions for tax invoiced by flat-rate farmers) of Principal Act.90. Supplies to, and intra-Community acquisitions and imports by, certain taxable persons.91. Amendment of section 17 (invoices) of Principal Act.92. Amendment of section 19 (tax due and payable) of Principal Act.93. Amendment of section 20 (refund of tax) of Principal Act.94. Amendment of First Schedule to Principal Act.95. Amendment of Second Schedule to Principal Act.96. Goods and services chargeable at the rate specified in section 11(1)(c) of Principal Act.97. Amendment of Sixth Schedule to Principal Act.98. Repeal of Seventh Schedule to Principal Act.99. Amendment of section 113 (use of electronic data processing) of Finance Act, 1986.Part IV Stamp Duties (ss. 100-106)100. Amendment of section 112 (stamp duty on transfers of building land) of Finance Act, 1990.101. Exemption from stamp duty of certain instruments.102. Amendment of section 203 (stamp duty in respect of cash cards) of Finance Act, 1992.103. Amendment of section 92 (levy on certain premiums of insurance) of Finance Act, 1982.104. Exchanges.105. Amendment of section 34 (stamp duty on certain conveyances and transfers) of Finance Act, 1978.106. Exemption from stamp duty of certain loan capital and securities.Part V Residential Property Tax (ss. 107-108)107. Clearance on sale of certain residential property.108. Amendment of section 112 (penalties) of Finance Act, 1983.Part VI Capital Acquisitions Tax (ss. 109-134)Chapter I Taxation of Assets Passing on Inheritance (Probate Tax) (ss. 109-119)109. Interpretation (Chapter I).110. Acquisitions by relevant trusts.111. Application of Principal Act.112. Exemptions.113. Computation of tax.114. Relief in respect of quick succession.115. Incidence.115A. Abatement and postponement of tax116. Payment of tax.117. Interest on tax.118. Postponement of tax.119. Application of section 85 of Finance Act, 1989, and section 133 of Finance Act, 1993.Chapter II Miscellaneous Amendments, etc. (ss. 120-134)120. Interpretation (Chapter II).121. Amendment of section 5 (gift deemed to be taken) of Principal Act.122. Amendment of section 6 (taxable gift) of Principal Act.123. Amendment of section 11 (inheritance deemed to be taken) of Principal Act.124. Amendment of section 12 (taxable inheritance) of Principal Act.125. Amendment of section 16 (market value of certain shares) of Principal Act.126. Amendment of section 90 (arrangements reducing value of company shares) of Finance Act, 1989.127. Construction of certain references in section 16 of Principal Act for purposes of "specified amount" in section 90 of Finance Act, 1989.128. Amendment of section 19 (value of agricultural property) of Principal Act.129. Amendment of section 34 (disposition by or to a company) of Principal Act.130. Amendment of Second Schedule (computation of tax) to Principal Act.131. Amendment of section 107 (application of Principal Act) of Finance Act, 1984.132. Amendment of section 104 (application of Principal Act) of Finance Act, 1986.133. Exemption of certain policies of assurance.134. Repeal, etc. (Chapter II).Part VII Miscellaneous (ss. 135-143)135. Capital Services Redemption Account.136. Repeal of certain reporting provisions relating to national debt.137. Amendment of section 54 (creation and issue of securities by Minister for Finance) of Finance Act, 1970.138. Holding and investment of moneys of Post Office Savings Bank Fund, etc.139. Foreign currency clearing accounts, etc.140. Amendment of section 242 (tax clearance in relation to certain licences) of Finance Act, 1992.141. Radio Telefís Éireann levy.142. Care and management of taxes and duties.143. Short title, construction and commencement.First Schedule Amendment of EnactmentsFirst Schedule, Part I Amendments Consequential on Changes in Rates of TaxFirst Schedule, Part II Amendments Consequential on Changes in Personal ReliefsSecond Schedule Rates of Excise Duty on Tobacco ProductsThird Schedule Rates of Excise Duty on Cider and PerryFourth Schedule Rates of Excise Duty on Wine and Made WineFifth Schedule Enactments Repealed
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AI Summary of 54. Amendment of section 134 (permanent reliefs) of Act of 1992.

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 17 June 1993 - onwards

54. Amendment of section 134 (permanent reliefs) of Act of 1992.

Section 134 of the Act of 1992 is hereby amended by the insertion of the following subsections after subsection (10):

"(11)

(a) Subject to the provisions of this section, where an authorised person -

(i) has declared a new category A vehicle to the Commissioners for the purposes of registration, or

(ii) has acquired (whether by purchase or under a lease or otherwise) a new category A vehicle prior to the 1st day of July, 1993,

and the vehicle has been used by him subsequently solely for hiring to others under short-term self-drive contracts, an amount, calculated pursuant to subsection (12), of the vehicle registration tax, or, as the case may be, of the motor vehicle excise duty under the Order of 1979, paid in respect of the vehicle shall, subject to any prescribed conditions, restrictions or limitations, be repaid to the person when he ceases to use the vehicle solely for hiring to others under such contracts.

(b) In paragraph (a) 'short-term self-drive contracts' means contracts under which vehicles are hired to persons for the purpose of being driven by them and under which the same vehicle is not hired to the same person for a period exceeding, or for periods exceeding in total, 5 weeks in any period of 12 months.

(12)

(a) The amount (if any) of the repayment to a person under subsection (11) shall be -

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