Financial Resolutions. - Financial Resolution No. 17—Turnover Tax.

Tuesday, 11 May 1965

Dáil Eireann Debate
Vol. 215 No. 8

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Mr. J. Lynch: Information on John Lynch  Zoom on John Lynch  I move:

(1) That—

(a) the following paragraph shall be inserted in subsection (3) of section 48 of the Finance Act, 1963 (No. 23 of 1963), after paragraph (f):

“(g) Where a farmer or fisherman sells his own produce or any part thereof by retail, tax shall not be chargeable and he shall not be accountable for tax in respect of such retail sales unless or until the moneys received by him in respect thereof exceed £150 in any month, and in the meantime those moneys shall be disregarded for the purposes of paragraph (c) of this subsection.”; and

(b) the second paragraph of the First Schedule to that Act be amended so as to exclude from the exempted activities referred to therein sales, to be specified in the Act giving effect to this Resolution, in addition to those already so excluded.

(2) That in paragraph (c) and in paragraph (f) of subsection (3) of section 48 of the Finance Act, 1963, “£150” shall be substituted for “£100”.

(3) That— (i) paragraphs (a) and (d) of subsection (3) of section 48 of the Finance Act, 1963,

(ii) the words “ , other than a person to whom paragraph (a) of this subsection applies,” in subparagraph (i) of paragraph (b) of that subsection, and [1035] (iii) the words “paragraph (a) or” in paragraph (c) of that subsection, shall be repealed.

(4) That the amendment referred to in paragraphs (1) and (2) and the repeals referred to in paragraph (3) of this Resolution shall come into operation— (a) if the Act giving effect to this Resolution is passed before or in July, 1965—on the 1st day of August, 1965, and

(b) if it is passed in or after August, 1965—on the 1st day of the month next following that in which it is passed.

Resolution put and agreed to.


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