Legalize / Ireland / Act

FINANCE ACT, 2001

Type Act

Publication 2001-03-30

Last updated 2024-02-09

State Partially repealed superseded text

Text As published

Source Irish Statute Book

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articles 243

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

58 amending acts · 2024-02-09, S.I. No. 36/2024 - Control of Excisable Products Regulations 2024

Act to provide for the imposition, repeal, remission, alteration and regulation of taxation, of stamp duties and of duties relating to excise and otherwise to make further provision in connection with finance including the regulation of customs

Reform history JSON API


“One-parent family tax credit.	462.—(1) (a) In this section, ‘qualifying child’, in relation to any claimant and year of assessment, means— (i) a child— (I) born in the year of assessment, (II) who, at the commencement of the year of assessment, is under the age of 18 years, or (III) who, if over the age of 18 years at the commencement of the year of assessment— (A) is receiving full-time instruction at any university, college, school or other educational establishment, or (B) is permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself and had become so permanently incapacitated before he or she had attained the age of 21 years or had become so permanently incapacitated after attaining the age of 21 years but while he or she had been in receipt of such full-time instruction, and (ii) a child who is a child of the claimant or, not being such a child, is in the custody of the claimant and is maintained by the claimant at the claimant's own expense for the whole or part of the year of assessment. (b) This section shall apply to an individual who is not entitled to a basic personal tax credit mentioned in paragraph (a) or paragraph (b) of section 461. (2) Subject to subsection (3), where a claimant, being an individual to whom this section applies, proves for a year of assessment that a qualifying child is resident with him or her for the whole or part of the year, the claimant shall be entitled to a tax credit (to be known as the ‘one-parent family tax credit’) of £814, but this section shall not apply for any year of assessment in the case of a husband or a wife where the wife is living with her husband, or in the case of a man and woman living together as man and wife. (3) A claimant shall be entitled to only one tax credit under subsection (2) for any year of assessment irrespective of the number of qualifying children resident with the claimant in that year. (4) (a) The references in subsection (1)(a) to a child receiving full-time instruction at an educational establishment shall include references to a child undergoing training by any person (in this subsection referred to as ‘the employer’) for any trade or profession in such circumstances that the child is required to devote the whole of his or her time to the training for a period of not less than 2 years. (b) For the purpose of a claim in respect of a child undergoing training, the inspector may require the employer to furnish particulars with respect to the training of the child in such form as may be prescribed by the Revenue Commissioners. (5) Where any question arises as to whether any person is entitled to a tax credit under this section in respect of a child over the age of 18 years as being a child who is receiving full-time instruction referred to in this section, the Revenue Commissioners may consult the Minister for Education and Science.”,

“One-parent family tax credit.

462.—(1) (a) In this section, ‘qualifying child’, in relation to any claimant and year of assessment, means— (i) a child— (I) born in the year of assessment, (II) who, at the commencement of the year of assessment, is under the age of 18 years, or (III) who, if over the age of 18 years at the commencement of the year of assessment— (A) is receiving full-time instruction at any university, college, school or other educational establishment, or (B) is permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself and had become so permanently incapacitated before he or she had attained the age of 21 years or had become so permanently incapacitated after attaining the age of 21 years but while he or she had been in receipt of such full-time instruction, and (ii) a child who is a child of the claimant or, not being such a child, is in the custody of the claimant and is maintained by the claimant at the claimant's own expense for the whole or part of the year of assessment. (b) This section shall apply to an individual who is not entitled to a basic personal tax credit mentioned in paragraph (a) or paragraph (b) of section 461. (2) Subject to subsection (3), where a claimant, being an individual to whom this section applies, proves for a year of assessment that a qualifying child is resident with him or her for the whole or part of the year, the claimant shall be entitled to a tax credit (to be known as the ‘one-parent family tax credit’) of £814, but this section shall not apply for any year of assessment in the case of a husband or a wife where the wife is living with her husband, or in the case of a man and woman living together as man and wife. (3) A claimant shall be entitled to only one tax credit under subsection (2) for any year of assessment irrespective of the number of qualifying children resident with the claimant in that year. (4) (a) The references in subsection (1)(a) to a child receiving full-time instruction at an educational establishment shall include references to a child undergoing training by any person (in this subsection referred to as ‘the employer’) for any trade or profession in such circumstances that the child is required to devote the whole of his or her time to the training for a period of not less than 2 years. (b) For the purpose of a claim in respect of a child undergoing training, the inspector may require the employer to furnish particulars with respect to the training of the child in such form as may be prescribed by the Revenue Commissioners. (5) Where any question arises as to whether any person is entitled to a tax credit under this section in respect of a child over the age of 18 years as being a child who is receiving full-time instruction referred to in this section, the Revenue Commissioners may consult the Minister for Education and Science.”,

(i) by the substitution of the following for section 463 (inserted by the Finance Act, 2000):


“Widowed parent tax credit.	463.—(1) In this section— ‘claimant’ means an individual whose spouse dies in a year of assessment; ‘qualifying child’, in relation to a claimant and a year of assessment, has the same meaning as in section 462, and the question of whether a child is a qualifying child shall be determined on the same basis as it would be for the purposes of section 462, and subsections (3), (4) and (5) of that section shall apply accordingly. (2) Where a claimant proves, in relation to any of the 5 years of assessment immediately following the year of assessment in which the claimant's spouse dies, that— (a) he or she has not remarried before the commencement of the year, and (b) a qualifying child is resident with him or her for the whole or part of the year, the claimant shall, in respect of each of the years in relation to which the claimant so proves, be entitled to a tax credit (to be known as ‘the widowed parent tax credit’) as follows— (i) for the first of those 5 years, £2,000, (ii) for the second of those 5 years, £1,600, (iii) for the third of those 5 years, £1,200, (iv) for the fourth of those 5 years, £800, and (v) for the fifth of those 5 years, £400, but this section shall not apply for any year of assessment in the case of a man and woman living together as man and wife.”,

“Widowed parent tax credit.

463.—(1) In this section— ‘claimant’ means an individual whose spouse dies in a year of assessment; ‘qualifying child’, in relation to a claimant and a year of assessment, has the same meaning as in section 462, and the question of whether a child is a qualifying child shall be determined on the same basis as it would be for the purposes of section 462, and subsections (3), (4) and (5) of that section shall apply accordingly. (2) Where a claimant proves, in relation to any of the 5 years of assessment immediately following the year of assessment in which the claimant's spouse dies, that— (a) he or she has not remarried before the commencement of the year, and (b) a qualifying child is resident with him or her for the whole or part of the year, the claimant shall, in respect of each of the years in relation to which the claimant so proves, be entitled to a tax credit (to be known as ‘the widowed parent tax credit’) as follows— (i) for the first of those 5 years, £2,000, (ii) for the second of those 5 years, £1,600, (iii) for the third of those 5 years, £1,200, (iv) for the fourth of those 5 years, £800, and (v) for the fifth of those 5 years, £400, but this section shall not apply for any year of assessment in the case of a man and woman living together as man and wife.”,

(j) by the substitution of the following for section 464 (inserted by the Finance Act, 2000):


“Age tax credit.	464.—Where for any year of assessment an individual is entitled to a basic personal tax credit under section 461 and proves that at any time during that year of assessment— (a) the individual, or (b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual's spouse, was of the age of 65 years or over, the individual shall, in addition to the tax credit to which the individual is entitled under section 461 for that year of assessment, be entitled to an additional tax credit (to be known as the ‘age tax credit’) of— (i) in a case where the individual is a married person whose spouse is living with him or her and the individual is assessed to tax in accordance with section 1017, £238, and (ii) in any other case, £119.”,

“Age tax credit.

464.—Where for any year of assessment an individual is entitled to a basic personal tax credit under section 461 and proves that at any time during that year of assessment— (a) the individual, or (b) in the case of a married person whose spouse is living with him or her and who is assessed to tax in accordance with section 1017, either the individual or the individual's spouse, was of the age of 65 years or over, the individual shall, in addition to the tax credit to which the individual is entitled under section 461 for that year of assessment, be entitled to an additional tax credit (to be known as the ‘age tax credit’) of— (i) in a case where the individual is a married person whose spouse is living with him or her and the individual is assessed to tax in accordance with section 1017, £238, and (ii) in any other case, £119.”,

(k) by the substitution of the following for section 465 (inserted by the Finance Act, 2000):


“Incapacitated child tax credit.	465.—(1) Where a claimant proves that he or she has living at any time during a year of assessment any child who— (a) is under the age of 18 years and is permanently incapacitated by reason of mental or physical infirmity, or (b) if over the age of 18 years at the commencement of the year, is permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself and had become so permanently incapacitated before he or she had attained the age of 21 years or had become so permanently incapacitated after attaining the age of 21 years but while he or she had been in receipt of full-time instruction at any university, college, school or other educational establishment, the claimant shall, subject to this section, be entitled in respect of each such child to a tax credit (to be known as the ‘incapacitated child tax credit’) of £238. (2) (a) A child under the age of 18 years shall be regarded as permanently incapacitated by reason of mental or physical infirmity only if the infirmity is such that there would be a reasonable expectation that if the child were over the age of 18 years the child would be incapacitated from maintaining himself or herself. (b) A tax credit under this section shall be in substitution for and not in addition to any tax credit to which the individual might be entitled in respect of the same child under section 466. (3) Where the claimant proves for the year of assessment— (a) that the claimant has the custody of and maintains at his or her own expense any child who, but for the fact that that child is not a child of the claimant, would be a child referred to in subsection (1), and (b) that neither the claimant nor any other individual is entitled to a tax credit in respect of the same child under subsection (1) or under any other provision of this Part (other than section 466A), or, if any other individual is entitled to such a tax credit, that such other individual has relinquished his or her claim to that tax credit, the claimant shall be entitled to the same tax credit in respect of the child as if the child were a child of the claimant. (4) (a) The reference in subsection (1) to a child receiving full-time instruction at an educational establishment shall include a reference to a child undergoing training by any person (in this subsection referred to as ‘the employer’) for any trade or profession in such circumstances that the child is required to devote the whole of his or her time to the training for a period of not less than 2 years. (b) For the purpose of a claim in respect of a child undergoing training, the inspector may require the employer to furnish particulars with respect to the training of the child in such form as may be prescribed by the Revenue Commissioners. (5) Where any question arises as to whether any person is entitled to a tax credit under this section in respect of a child over the age of 21 years as being a child who had become permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself after attaining that age but while in receipt of full-time instruction referred to in this section, the Revenue Commissioners may consult the Minister for Education and Science. (6) Where for any year of assessment 2 or more individuals are or would but for this subsection be entitled under this section to relief in respect of the same child, the following provisions shall apply: (a) only one tax credit under this section shall be allowed in respect of the child; (b) where the child is maintained by one individual only, that individual only shall be entitled to claim such tax credit; (c) where the child is maintained jointly by two or more individuals, each of those individuals shall be entitled to claim such part of such tax credit as is proportionate to the amount expended by him or her on the maintenance of the child; (d) in ascertaining for the purposes of this subsection whether an individual maintains a child and, if so, to what extent, any payment made by the individual for or towards the maintenance of the child which the individual is entitled to deduct in computing his or her total income for the purposes of the Income Tax Acts shall be deemed not to be a payment for or towards the maintenance of the child.”,

“Incapacitated child tax credit.

465.—(1) Where a claimant proves that he or she has living at any time during a year of assessment any child who— (a) is under the age of 18 years and is permanently incapacitated by reason of mental or physical infirmity, or (b) if over the age of 18 years at the commencement of the year, is permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself and had become so permanently incapacitated before he or she had attained the age of 21 years or had become so permanently incapacitated after attaining the age of 21 years but while he or she had been in receipt of full-time instruction at any university, college, school or other educational establishment, the claimant shall, subject to this section, be entitled in respect of each such child to a tax credit (to be known as the ‘incapacitated child tax credit’) of £238. (2) (a) A child under the age of 18 years shall be regarded as permanently incapacitated by reason of mental or physical infirmity only if the infirmity is such that there would be a reasonable expectation that if the child were over the age of 18 years the child would be incapacitated from maintaining himself or herself. (b) A tax credit under this section shall be in substitution for and not in addition to any tax credit to which the individual might be entitled in respect of the same child under section 466. (3) Where the claimant proves for the year of assessment— (a) that the claimant has the custody of and maintains at his or her own expense any child who, but for the fact that that child is not a child of the claimant, would be a child referred to in subsection (1), and (b) that neither the claimant nor any other individual is entitled to a tax credit in respect of the same child under subsection (1) or under any other provision of this Part (other than section 466A), or, if any other individual is entitled to such a tax credit, that such other individual has relinquished his or her claim to that tax credit, the claimant shall be entitled to the same tax credit in respect of the child as if the child were a child of the claimant. (4) (a) The reference in subsection (1) to a child receiving full-time instruction at an educational establishment shall include a reference to a child undergoing training by any person (in this subsection referred to as ‘the employer’) for any trade or profession in such circumstances that the child is required to devote the whole of his or her time to the training for a period of not less than 2 years. (b) For the purpose of a claim in respect of a child undergoing training, the inspector may require the employer to furnish particulars with respect to the training of the child in such form as may be prescribed by the Revenue Commissioners. (5) Where any question arises as to whether any person is entitled to a tax credit under this section in respect of a child over the age of 21 years as being a child who had become permanently incapacitated by reason of mental or physical infirmity from maintaining himself or herself after attaining that age but while in receipt of full-time instruction referred to in this section, the Revenue Commissioners may consult the Minister for Education and Science. (6) Where for any year of assessment 2 or more individuals are or would but for this subsection be entitled under this section to relief in respect of the same child, the following provisions shall apply: (a) only one tax credit under this section shall be allowed in respect of the child; (b) where the child is maintained by one individual only, that individual only shall be entitled to claim such tax credit; (c) where the child is maintained jointly by two or more individuals, each of those individuals shall be entitled to claim such part of such tax credit as is proportionate to the amount expended by him or her on the maintenance of the child; (d) in ascertaining for the purposes of this subsection whether an individual maintains a child and, if so, to what extent, any payment made by the individual for or towards the maintenance of the child which the individual is entitled to deduct in computing his or her total income for the purposes of the Income Tax Acts shall be deemed not to be a payment for or towards the maintenance of the child.”,

(l) by the substitution of the following for section 466 (inserted by the Finance Act, 2000):


“Dependent relative tax credit.	466.—(1) In this section ‘specified amount’ means an amount which does not exceed by more than £163 the aggregate of the payments to which an individual is entitled in a year of assessment in respect of an old age (contributory) pension at the maximum rate under the Social Welfare (Consolidation) Act, 1993, if throughout that year of assessment such individual were entitled to such a pension and— (a) has no adult dependant or qualified children (within the meaning, in each case, of that Act), (b) is over the age of 80 years (or such other age as may be specified in that Act for the time being in place of 80 years), (c) is living alone, and (d) is ordinarily resident on an island. (2) Where for any year of assessment a claimant proves that he or she maintains at his or her own expense any person, being— (a) a relative of the claimant, or of the claimant's spouse, incapacitated by old age or infirmity from maintaining himself or herself, (b) the widowed father or widowed mother of the claimant or of the claimant's spouse, whether incapacitated or not, or (c) a son or daughter of the claimant who resides with the claimant and on whose services the claimant, by reason of old age or infirmity, is compelled to depend, and being an individual whose total income from all sources for that year of assessment does not exceed a sum equal to the specified amount, the claimant shall be entitled in respect of each individual whom the claimant so maintains to a tax credit (to be known as the ‘dependent relative tax credit’) of £33 for the year of assessment. (3) Where 2 or more individuals jointly maintain any individual referred to in paragraphs (a) to (c) of subsection (2), the tax credit to be granted under this section in respect of that individual shall be apportioned between them in proportion to the amount or value of their respective contributions towards the maintenance of that individual.”,

“Dependent relative tax credit.

466.—(1) In this section ‘specified amount’ means an amount which does not exceed by more than £163 the aggregate of the payments to which an individual is entitled in a year of assessment in respect of an old age (contributory) pension at the maximum rate under the Social Welfare (Consolidation) Act, 1993, if throughout that year of assessment such individual were entitled to such a pension and— (a) has no adult dependant or qualified children (within the meaning, in each case, of that Act), (b) is over the age of 80 years (or such other age as may be specified in that Act for the time being in place of 80 years), (c) is living alone, and (d) is ordinarily resident on an island. (2) Where for any year of assessment a claimant proves that he or she maintains at his or her own expense any person, being— (a) a relative of the claimant, or of the claimant's spouse, incapacitated by old age or infirmity from maintaining himself or herself, (b) the widowed father or widowed mother of the claimant or of the claimant's spouse, whether incapacitated or not, or (c) a son or daughter of the claimant who resides with the claimant and on whose services the claimant, by reason of old age or infirmity, is compelled to depend, and being an individual whose total income from all sources for that year of assessment does not exceed a sum equal to the specified amount, the claimant shall be entitled in respect of each individual whom the claimant so maintains to a tax credit (to be known as the ‘dependent relative tax credit’) of £33 for the year of assessment. (3) Where 2 or more individuals jointly maintain any individual referred to in paragraphs (a) to (c) of subsection (2), the tax credit to be granted under this section in respect of that individual shall be apportioned between them in proportion to the amount or value of their respective contributions towards the maintenance of that individual.”,

(m) by the substitution of the following section for section 466A (inserted by the Finance Act, 2000):


“Home carer tax credit.	466A.—(1) In this section— ‘dependent person’, in relation to a qualifying claimant, means a person (other than the spouse of the qualifying claimant) who, subject to subsection (3), resides with that qualifying claimant and who is— (a) a child in respect of whom either the qualifying claimant or his or her spouse is, at any time in a year of assessment, in receipt of child benefit under Part IV of the Social Welfare (Consolidation) Act, 1993, or (b) an individual who, at any time during a year of assessment, is of the age of 65 years or over, or (c) an individual who is permanently incapacitated by reason of mental or physical infirmity; ‘qualifying claimant’, in relation to a year of assessment, means an individual— (a) who is assessed to tax for that year in accordance with section 1017, and (b) who, or whose spouse (in this section referred to as the ‘carer spouse’) is engaged during that year in caring for one or more dependent persons; ‘relative’, in relation to a qualifying claimant, includes a relation by marriage and a person in respect of whom the qualifying claimant is or was the legal guardian. (2) Where for any year of assessment an individual proves that he or she is a qualifying claimant he or she shall be entitled to a tax credit (to be known as the ‘home carer tax credit’) of £444. (3) For the purposes of this section— (a) a dependent person in relation to a qualifying claimant who is a relative of that claimant or the claimant's spouse shall be regarded as residing with the qualifying claimant if— (i) the relative lives in close proximity to the qualifying claimant, and (ii) a direct system of communication exists between the qualifying claimant's residence and the residence of the relative, and (b) a qualifying claimant and a relative shall be regarded as living in close proximity if they reside— (i) next door in adjacent residences, or (ii) on the same property, or (iii) within 2 kilometres of each other. (4) A qualifying claimant shall be entitled to only one tax credit under subsection (2) for any year of assessment irrespective of the number of dependent persons resident with the qualifying claimant in that year. (5) A tax credit under this section in respect of a dependent person shall be granted to one and only one qualifying claimant being the person with whom that dependent person normally resides or, where subsection (3) applies, the person who, or whose spouse, normally cares for the dependent person. (6) (a) Where in any year of assessment the carer spouse is entitled in his or her own right to an income exceeding £2,960 in that year, the tax credit shall be reduced by one-half of the amount of that excess. (b) For the purposes of paragraph (a), no account shall be taken of— (i) any Carer's Benefit payable under Chapter 11A (inserted by the Social Welfare Act, 2000) of Part II of the Social Welfare (Consolidation) Act, 1993, or (ii) any Carer's Allowance payable under Chapter 10 of Part III of that Act. (7) (a) Notwithstanding subsection (6) but subject to the other provisions of this section including this subsection, a tax credit may be granted for a year of assessment where the claimant was entitled to a tax credit under this section for the immediately preceding year of assessment. (b) Where a tax credit is to be granted for a year of assessment by virtue of paragraph (a), it shall not exceed the amount of the tax credit granted in the immediately preceding year of assessment. (c) A tax credit shall not be granted for a year of assessment by virtue of paragraph (a) if it was so granted for the immediately preceding year of assessment. (8) Where for any year of assessment a tax credit is granted to an individual under this section, the individual shall not also be entitled to the benefit of the provision contained in section 15(3) but the individual may elect by notice in writing to the inspector to have the benefit under the said section granted instead of the tax credit granted under this section.”,

“Home carer tax credit.

466A.—(1) In this section— ‘dependent person’, in relation to a qualifying claimant, means a person (other than the spouse of the qualifying claimant) who, subject to subsection (3), resides with that qualifying claimant and who is— (a) a child in respect of whom either the qualifying claimant or his or her spouse is, at any time in a year of assessment, in receipt of child benefit under Part IV of the Social Welfare (Consolidation) Act, 1993, or (b) an individual who, at any time during a year of assessment, is of the age of 65 years or over, or (c) an individual who is permanently incapacitated by reason of mental or physical infirmity; ‘qualifying claimant’, in relation to a year of assessment, means an individual— (a) who is assessed to tax for that year in accordance with section 1017, and (b) who, or whose spouse (in this section referred to as the ‘carer spouse’) is engaged during that year in caring for one or more dependent persons; ‘relative’, in relation to a qualifying claimant, includes a relation by marriage and a person in respect of whom the qualifying claimant is or was the legal guardian. (2) Where for any year of assessment an individual proves that he or she is a qualifying claimant he or she shall be entitled to a tax credit (to be known as the ‘home carer tax credit’) of £444. (3) For the purposes of this section— (a) a dependent person in relation to a qualifying claimant who is a relative of that claimant or the claimant's spouse shall be regarded as residing with the qualifying claimant if— (i) the relative lives in close proximity to the qualifying claimant, and (ii) a direct system of communication exists between the qualifying claimant's residence and the residence of the relative, and (b) a qualifying claimant and a relative shall be regarded as living in close proximity if they reside— (i) next door in adjacent residences, or (ii) on the same property, or (iii) within 2 kilometres of each other. (4) A qualifying claimant shall be entitled to only one tax credit under subsection (2) for any year of assessment irrespective of the number of dependent persons resident with the qualifying claimant in that year. (5) A tax credit under this section in respect of a dependent person shall be granted to one and only one qualifying claimant being the person with whom that dependent person normally resides or, where subsection (3) applies, the person who, or whose spouse, normally cares for the dependent person. (6) (a) Where in any year of assessment the carer spouse is entitled in his or her own right to an income exceeding £2,960 in that year, the tax credit shall be reduced by one-half of the amount of that excess. (b) For the purposes of paragraph (a), no account shall be taken of— (i) any Carer's Benefit payable under Chapter 11A (inserted by the Social Welfare Act, 2000) of Part II of the Social Welfare (Consolidation) Act, 1993, or (ii) any Carer's Allowance payable under Chapter 10 of Part III of that Act. (7) (a) Notwithstanding subsection (6) but subject to the other provisions of this section including this subsection, a tax credit may be granted for a year of assessment where the claimant was entitled to a tax credit under this section for the immediately preceding year of assessment. (b) Where a tax credit is to be granted for a year of assessment by virtue of paragraph (a), it shall not exceed the amount of the tax credit granted in the immediately preceding year of assessment. (c) A tax credit shall not be granted for a year of assessment by virtue of paragraph (a) if it was so granted for the immediately preceding year of assessment. (8) Where for any year of assessment a tax credit is granted to an individual under this section, the individual shall not also be entitled to the benefit of the provision contained in section 15(3) but the individual may elect by notice in writing to the inspector to have the benefit under the said section granted instead of the tax credit granted under this section.”,

(n) by the substitution of the following for section 468 (inserted by the Finance Act, 2000):


“Blind person's tax credit.	468.—(1) In this section, ‘blind person’ means a person whose central visual acuity does not exceed 6/60 in the better eye with correcting lenses, or whose central visual acuity exceeds 6/60 in the better eye or in both eyes but is accompanied by a limitation in the fields of vision that is such that the widest diameter of the visual field subtends an angle no greater than 20 degrees. (2) Where an individual proves for a year of assessment that— (a) he or she was for the whole or any part of the year of assessment a blind person, or (b) where he or she is assessed to tax in accordance with section 1017, either or both he or she and his or her spouse was for the whole or any part of the year of assessment a blind person, the individual shall be entitled to a tax credit (to be known as the ‘blind person's tax credit’) of £444, or where the individual and his or her spouse are both blind, £888.”,

“Blind person's tax credit.

468.—(1) In this section, ‘blind person’ means a person whose central visual acuity does not exceed 6/60 in the better eye with correcting lenses, or whose central visual acuity exceeds 6/60 in the better eye or in both eyes but is accompanied by a limitation in the fields of vision that is such that the widest diameter of the visual field subtends an angle no greater than 20 degrees. (2) Where an individual proves for a year of assessment that— (a) he or she was for the whole or any part of the year of assessment a blind person, or (b) where he or she is assessed to tax in accordance with section 1017, either or both he or she and his or her spouse was for the whole or any part of the year of assessment a blind person, the individual shall be entitled to a tax credit (to be known as the ‘blind person's tax credit’) of £444, or where the individual and his or her spouse are both blind, £888.”,

(o) by the substitution of the following for section 472 (inserted by the Finance Act, 1999):


“Employee tax credit.	472.—(1) (a) In this section— ‘appropriate percentage’, in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year; ‘emoluments’ means emoluments to which Chapter 4 of Part 42 applies or is applied, but does not include— (i) emoluments paid directly or indirectly by a body corporate (or by any person who would be regarded as connected with the body corporate) to a proprietary director of the body corporate or to the spouse or child of such a proprietary director, and (ii) emoluments paid directly or indirectly by an individual (or by a partnership in which the individual is a partner) to the spouse or child of the individual; ‘director’ means— (i) in relation to a body corporate the affairs of which are managed by a board of directors or similar body, a member of that board or body, (ii) in relation to a body corporate the affairs of which are managed by a single director or similar person, that director or person, and (iii) in relation to a body corporate the affairs of which are managed by the members themselves, a member of the body corporate, and includes any person who is or has been a director; ‘proprietary director’ means a director of a company who is either the beneficial owner of, or able, either directly or through the medium of other companies or by any other indirect means, to control, more than 15 per cent of the ordinary share capital of the company; ‘specified employed contributor’ means a person who is an employed contributor for the purposes of the Social Welfare (Consolidation) Act, 1993, but does not include a person— (i) who is an employed contributor for those purposes by reason only of section 9(1)(b) of that Act, or (ii) to whom Article 81, 82 or 83 of the Social Welfare (Consolidated Contributions and Insurability) Regulations, 1996 (S.I. No. 312 of 1996), applies. (b) For the purposes of the definition of ‘proprietary director’, ordinary share capital which is owned or controlled as referred to in that definition by a person, being a spouse or a minor child of a director, or by a trustee of a trust for the benefit of a person or persons, being or including any such person or such director, shall be deemed to be owned or controlled by such director and not by any other person. (2) The exclusion from the definition of ‘emoluments’ of the emoluments referred to in subparagraphs (i) and (ii) of that definition shall not apply for any year of assessment to any such emoluments paid to an individual, being a child (other than a child who is a proprietary director) to whom subparagraph (i) or (ii) of that definition relates, if for that year— (a) (i) the individual is a specified employed contributor, or (ii) the Income Tax (Employments) Regulations, 1960 (S.I. No. 28 of 1960), in so far as they apply, have, in relation to any such emoluments paid to the individual in the year of assessment, been complied with by the person by whom the emoluments are paid, (b) the conditions of the office or employment, in respect of which any such emoluments are paid, are such that the individual is required to devote, throughout the year of assessment, substantially the whole of the individual's time to the duties of the office or employment and the individual does in fact do so, and (c) the amount of any such emoluments paid to the individual in the year of assessment are not less than £2,664. (3) Where an individual is in receipt of profits or gains from an office or employment held or exercised outside the State, such profits or gains shall be deemed to be emoluments within the meaning of subsection (1) if such profits or gains— (a) are chargeable to tax in the country in which they arise, (b) on payment by the person making such payment, are subject to a system of tax deduction similar in form to that provided for in Chapter 4 of Part 42, (c) are chargeable to tax in the State on the full amount of such profits or gains under Schedule D, and (d) if the office or employment was held or exercised in the State and the person was resident in the State, would be emoluments within the meaning of that subsection. (4) Where, for any year of assessment, a claimant proves that his or her total income for the year consists in whole or in part of emoluments (including, in a case where the claimant is a married person assessed to tax in accordance with section 1017, any emoluments of the claimant's spouse deemed to be income of the claimant by that section for the purposes referred to in that section) the claimant shall be entitled to a tax credit (to be known as the ‘employee tax credit’) of— (a) where the emoluments (but not including, in the case where the claimant is a married person so assessed, the emoluments, if any, of the claimant's spouse) arise to the claimant, the lesser of an amount equal to the appropriate percentage of the emoluments and £296, and (b) where, in a case where the claimant is a married person so assessed, the emoluments arise to the claimant's spouse, the lesser of an amount equal to the appropriate percentage of the emoluments and £296. (5) Where a tax credit is due under this section by virtue of subsection (2), it shall be given by means of repayment of tax.”,

“Employee tax credit.

472.—(1) (a) In this section— ‘appropriate percentage’, in relation to a year of assessment, means a percentage equal to the standard rate of tax for that year; ‘emoluments’ means emoluments to which Chapter 4 of Part 42 applies or is applied, but does not include— (i) emoluments paid directly or indirectly by a body corporate (or by any person who would be regarded as connected with the body corporate) to a proprietary director of the body corporate or to the spouse or child of such a proprietary director, and (ii) emoluments paid directly or indirectly by an individual (or by a partnership in which the individual is a partner) to the spouse or child of the individual; ‘director’ means— (i) in relation to a body corporate the affairs of which are managed by a board of directors or similar body, a member of that board or body, (ii) in relation to a body corporate the affairs of which are managed by a single director or similar person, that director or person, and (iii) in relation to a body corporate the affairs of which are managed by the members themselves, a member of the body corporate, and includes any person who is or has been a director; ‘proprietary director’ means a director of a company who is either the beneficial owner of, or able, either directly or through the medium of other companies or by any other indirect means, to control, more than 15 per cent of the ordinary share capital of the company; ‘specified employed contributor’ means a person who is an employed contributor for the purposes of the Social Welfare (Consolidation) Act, 1993, but does not include a person— (i) who is an employed contributor for those purposes by reason only of section 9(1)(b) of that Act, or (ii) to whom Article 81, 82 or 83 of the Social Welfare (Consolidated Contributions and Insurability) Regulations, 1996 (S.I. No. 312 of 1996), applies. (b) For the purposes of the definition of ‘proprietary director’, ordinary share capital which is owned or controlled as referred to in that definition by a person, being a spouse or a minor child of a director, or by a trustee of a trust for the benefit of a person or persons, being or including any such person or such director, shall be deemed to be owned or controlled by such director and not by any other person. (2) The exclusion from the definition of ‘emoluments’ of the emoluments referred to in subparagraphs (i) and (ii) of that definition shall not apply for any year of assessment to any such emoluments paid to an individual, being a child (other than a child who is a proprietary director) to whom subparagraph (i) or (ii) of that definition relates, if for that year— (a) (i) the individual is a specified employed contributor, or (ii) the Income Tax (Employments) Regulations, 1960 (S.I. No. 28 of 1960), in so far as they apply, have, in relation to any such emoluments paid to the individual in the year of assessment, been complied with by the person by whom the emoluments are paid, (b) the conditions of the office or employment, in respect of which any such emoluments are paid, are such that the individual is required to devote, throughout the year of assessment, substantially the whole of the individual's time to the duties of the office or employment and the individual does in fact do so, and (c) the amount of any such emoluments paid to the individual in the year of assessment are not less than £2,664. (3) Where an individual is in receipt of profits or gains from an office or employment held or exercised outside the State, such profits or gains shall be deemed to be emoluments within the meaning of subsection (1) if such profits or gains— (a) are chargeable to tax in the country in which they arise, (b) on payment by the person making such payment, are subject to a system of tax deduction similar in form to that provided for in Chapter 4 of Part 42, (c) are chargeable to tax in the State on the full amount of such profits or gains under Schedule D, and (d) if the office or employment was held or exercised in the State and the person was resident in the State, would be emoluments within the meaning of that subsection. (4) Where, for any year of assessment, a claimant proves that his or her total income for the year consists in whole or in part of emoluments (including, in a case where the claimant is a married person assessed to tax in accordance with section 1017, any emoluments of the claimant's spouse deemed to be income of the claimant by that section for the purposes referred to in that section) the claimant shall be entitled to a tax credit (to be known as the ‘employee tax credit’) of— (a) where the emoluments (but not including, in the case where the claimant is a married person so assessed, the emoluments, if any, of the claimant's spouse) arise to the claimant, the lesser of an amount equal to the appropriate percentage of the emoluments and £296, and (b) where, in a case where the claimant is a married person so assessed, the emoluments arise to the claimant's spouse, the lesser of an amount equal to the appropriate percentage of the emoluments and £296. (5) Where a tax credit is due under this section by virtue of subsection (2), it shall be given by means of repayment of tax.”,

(p) in section 784A (inserted by the Finance Act, 1999), by the substitution, in paragraph (a) of subsection (3), of “certificate of tax credits and standard rate cut-off point” for “certificate of tax-free allowances”,

(q) in section 885, by the substitution in subsection (1), of the following for paragraph (a) of the definition of “tax reference number”:

“(a) the Personal Public Service Number (PPSN) stated on any certificate of tax credits and standard rate cut-off point issued to that person by an inspector, not being a certificate issued to an employer in respect of an employee,”,

(r) in section 903, by the substitution in the definition of “records” in subsection (1), of “certificates of tax credits and standard rate cut-off point” for “certificates of tax-free allowances”,

(s) in section 983, by the insertion of the following before the definition of “tax deduction card”:

“‘reliefs from income tax’ means allowances, deductions and tax credits;

‘tax credits’ means personal tax credits and general tax credits;”,

(t) in section 986—

(i) in subsection (1)—

(I) by the substitution in paragraph (a) of “reliefs from income tax” for “allowances, deductions and reliefs”, and

(II) by the substitution of the following paragraph for paragraph (g):

“(g) for requiring any employer making any payment of emoluments to which this Chapter applies, when making a deduction or repayment of tax in accordance with this Chapter and regulations under this Chapter, to make such deduction or repayment as would require to be made if the amount of emoluments were the emoluments reduced by the amount of any contributions payable by the employee and deductible by the employer from the emoluments being paid and which—

(i) by virtue of section 471 are allowed as a deduction in ascertaining the amount of income on which the employee is to be charged to income tax, or

(ii) by virtue of Chapter 1 of Part 30 are for the purposes of assessment under Schedule E allowed as a deduction from the emoluments;”,

(ii) in subsection (3), by the substitution in paragraph (b) of “provisional reliefs from income tax” for “a provisional deduction for allowances and reliefs”, and

(iii) in subsection (4), by the substitution of “reliefs from income tax” for “allowances, deductions and reliefs”,

and

(u) in Schedule 3, by the substitution, in the construction of “T” in the formula in paragraph 10, of “income tax payable” for “income tax chargeable”.

As respects the year of assessment 2002 and subsequent years of assessment, the Taxes Consolidation Act, 1997, as amended by paragraph 1, is further amended as follows—

(a) in section 187—

(i) in subsection (1), by the substitution of “€10,420” for “£6,068” and of “€5,210” for “£3,034”, and

(ii) in paragraph (a) of subsection (2), by the substitution of “€575” for “£333”, in both places where it occurs, and of “€830” for “£481”,

(b) in section 461, by the substitution of “€2,794” for “£1,628”, in both places where it occurs, and of “€1,397” for “£814”,

(d) in section 462, by the substitution, in subsection (2), of “€1,397” for “£814”,

(e) in section 463, by the substitution in subsection (2), of “€2,540”, “€2,032”, “€1,524”, “€1,016” and “€508”, respectively, for “£2,000”, “£1,600”, “£1,200”, “£800” and “£400”,

(f) in section 464, by the substitution of “€408” and “€204”, respectively, for “£238” and “£119”,

(g) in section 465, by the substitution, in subsection (2), of “€408” for “£238”,

(h) in section 466—

(i) by the substitution in subsection (1), of “€280” for “£163”, and

(ii) by the substitution in subsection (2), of “€56” for “£33”,

(i) in section 466A, by the substitution—

(i) in subsection (2), of “€762” for “£444”, and

(ii) in paragraph (a) of subsection (6), of “€5,080” for “£2,960”,

(j) in section 468, in subsection (2), by the substitution of “€762” and “€1,524”, respectively for “£444” and “£888”, and

(k) in section 472, by the substitution—

(i) in subsection (2), of “€4,572” for “£2,664”, and

(ii) in subsection (4), of “€508” for “£296”, in both places where it occurs.

SCHEDULE 2 Changeover to Calendar Year of Assessment

SCHEDULE 3 Repeals and Revocations Relating to Excise Law

PART 1 Repeals


Session and Chapter or Number and Year	Short title	Extent of repeal
(1)	(2)	(3)
7 & 8 Geo. 4, c.53.	Excise Management Act, 1827.	Sections 3, 11, 19, 20, 21, 22, 23, 29, 30, 31, 33, 35, 37, 38, 39, 40, 41, 42, 43, 65, 67, 68, 69 (in so far as it relates to excise duties), 70, 71, 73, 74, 76, 77, 78, 79, 81, 82, 83, 84, 85, 107, 108, 109, 110 and 111.
9 Geo. 4, c. 44	Excise Act, 1828.	Sections 1 and 2.
4 & 5 Will. 4, c. 51.	Excise Management Act, 1834.	Sections 5, 6, 7, 8, 9, 11, 12 (in so far as it relates to excise duties), 16, 19, 20, 22, 23, 25, 28 and 30.
4 & 5 Vict., c.20.	Excise Management Act, 1841.	Sections 2, 5, 7 and 31.
28 & 29 Vict., c.96.	Revenue (No. 2) Act, 1865.	Section 26.
30 & 31 Vict., c.90.	Revenue Act, 1867.	Sections 12 and 15.
51 & 52 Vict., c.8.	Customs & Inland Revenue Act, 1888.	Sections 5 and 8
53 & 54 Vict., c.21.	Inland Revenue Regulations Act, 1890.	Sections 7 and 15. Sections 25, 26, 29, 30, 31 and 35, in so far as they relate to excise duties.
61 & 62 Vict., c.46.	Revenue Act, 1898.	Section 15, in so far as it relates to excise duties.
63 & 64 Vict., c.7.	Finance Act, 1900.	Section 9, in so far as it relates to excise duties.
1 & 2 Geo. 5, c.48.	Finance Act, 1911.	Section 3 in so far as it relates to excise duties.
11 & 12 Geo. 5, c.32.	Finance Act, 1921.	Section 18, in so far as it relates to excise duties.
No. 31 of 1929.	Finance Act, 1929.	Section 29.
		Section 31, in so far as it relates to excise duties.
No. 15 of 1933.	Finance Act, 1933.	Section 33, in so far as it relates to excise duties.
No. 28 of 1935.	Finance Act, 1935.	Section 29.
No. 15 of 1946.	Finance Act, 1946.	Sections 18 and 23.
No. 10 of 1985.	Finance Act, 1985.	Section 39.
No. 10 of 1988.	Customs & Excise (Miscellaneous Provisions) Act, 1988.	Section 5, in so far as it relates to excise duties.
No. 9 of 1992.	Finance Act, 1992.	Chapter 2 of Part II.
No. 28 of 1992.	Finance (No. 2) Act, 1992.	Sections 24, 25, 26 and 27.
No. 13 of 1993.	Finance Act, 1993.	Section 76.
No. 8 of 1995.	Finance Act, 1995.	Sections 85, 86, 86A, 87, 87A, 87B, 88, 89, 90, 91, 92, 93, 94, 103, 104, 105, 106 and 107.

PART 2 Revocations


Number and Year	Citation	Extent of revocation
(1)	(2)	(3)
S.I. No. 307 of 1975.	Imposition of Duties (No. 221) (Excise Duties) Order, 1975.	Regulations 17 and 18.
S.I. No. 394 of 1992.	European Communities (Customs & Excise) Regulations, 1992.	Regulations 5, 6, 7, 9, 10, 11 and 12.

SCHEDULE 4 Rates of Excise Duty on Tobacco Products


Description of Product	Description of Product	Description of Product	Description of Product	Description of Product	Description of Product	Rate of Duty
Cigarettes	...	...	...	...	...	£81.68 per thousand together with an amount equal to 18.89 per cent of the price at which the cigarettes are sold by retail
Cigars	...	...	...	...	...	£124.840 per kilogram
Fine-cut tobacco for the rolling of cigarettes	Fine-cut tobacco for the rolling of cigarettes	Fine-cut tobacco for the rolling of cigarettes	Fine-cut tobacco for the rolling of cigarettes	Fine-cut tobacco for the rolling of cigarettes	Fine-cut tobacco for the rolling of cigarettes	£105.347 per kilogram
Other smoking tobacco	Other smoking tobacco	Other smoking tobacco	...	...	...	£86.609 per kilogram

SCHEDULE 5 Amendment of Enactments Consequent on Changeover to Euro


Enactment amended	Words or amount to be replaced	Words or amount to be inserted
(1)	(2)	(3)
Inland Revenue Regulation Act, 1890 (53 & 54 Vict., c.21) (as amended):
section 10(1)	five hundred pounds	€630
section 10(2)	five hundred pounds	€630
section 11	one hundred pounds	€125
section 25(2)	one hundred pounds	€125
section 32	fifty pounds	€65
Taxes Consolidation Act, 1997 (No. 39 of 1997) (as amended):
section 14(1)	one pound	one euro
section 14(1)	one penny	one cent
paragraph 6 of Schedule C in section 17(1)	one pound	one euro
paragraph 1 of Schedule D in section 18(1)	one pound	one euro
paragraph 2 of Schedule E in section 19(1)	one pound	one euro
section 110(1)	£10,000,000	€12,690,000
section 116(3)(a)	£1,500	€1,905
section 126(4)(b)	£10	€13
section 133(8)(c)	£170,000,000	€215,855,473.33
section 133(11)(a)	£250,000,000	€317,434,519.61
section 133(11)(b)	£170,000,000	€215,855,473.33
section 152(2)	£10	€10
section 152(2)	£100	€125
section 178(7)(a)	£100	€100
section 189A	£300,000	€381,000
section 201(1)(a)	£8,000	€10,160
section 201(1)(a)	£600	€765
paragraph (a) of the definition of “specified amount” in section 201(1)	£6,000	€7,620
paragraph (a) of the definition of “specified amount” in section 202(1)	£200	€255
paragraph (b) of the definition of “specified amount” in section 202(1)	£6,000	€7,620
paragraph (b) of the definition of “specified amount” in section 202(1)	£500	€635
paragraph (c) of the definition of “specified amount” in section 202(1)	£8,000	€10,160
paragraph (c) of the definition of “specified amount” in section 202(1)	£600	€765
section 207(4)	£100	€125
section 211(1)	£160	€205
section 211(1)	£1,000	€1,270
section 211(1)	£52	€70
section 211(6)	£100	€125
section 213(2)	£8,000	€10,160
section 213(2)	£2,000	€2,540
section 213(4)	£100	€125
section 236(4)(c)	£500	€630
section 244(1)(a)	£4,000	€5,080
section 244(1)(a)	£2,000	€2,540
section 244(1)(a)	£5,000	€6,350
section 244(1)(a)	£2,500	€3,175
section 250(3)	£2,400	€3,050
section 264(1)	£50,000	€63,500
section 305(4)	£500	€630
section 373(2)(a)	£2,500	€3,174.35
section 373(2)(b)	£3,500	€4,444.08
section 373(2)(c)	£4,000	€5,078.95
section 373(2)(d)	£6,000	€7,618.43
section 373(2)(e)	£7,000	€8,888.17
section 373(2)(f)	£10,000	€12,697.38
section 373(2)(g)	£13,000	€16,506.60
section 373(2)(h)	£14,000	€17,776.33
section 373(2)(i)	£15,000	€19,406.07
section 373(2)(j)	£15,500	€19,680.94
section 373(2)(k)	£16,000	€20,315.81
section 373(2)(l)	£16,500	€20,950.68
paragraph (a) of the definition of “relevant amount” in section 376(1)	£14,000	€17,776.33
paragraph (b) of the definition of “relevant amount” in section 376(1)	£15,000	€19,046.07
paragraph (c) of the definition of “relevant amount” in section 376(1)	£15,500	€19,680.94
paragraph (d) of the definition of “relevant amount” in section 376(1)	£16,000	€20,315.81
paragraph (e) of the definition of “relevant amount” in section 376(1)	£16,500	€20,950.68
section 404(1)(b)(iii)	£2,000	€2,540
section 404(6)(c)(ii)	£50,000	€63,500
section 414(1)(b)	£100	€100
section 415(1)(b)	£100	€100
section 438(3)	£15,000	€19,050
section 440(1)(b)(i)(I)	£500	€635
section 440(1)(b)(i)(II)	£500	€635
section 441(4)(b)(i)(I)	£500	€635
section 441(4)(b)(i)(II)	£500	€635
section 469(2)(a)	£100	€125
section 469(2)(b)	£200	€250
section 472A(2)	£3,000	€3,810
section 472A(2)	£2,000	€2,540
section 472A(2)	£1,000	€1,270
section 472A(3)(a)	£1,000	€1,270
section 472A(3)(a)	£666	€850
section 472A(3)(a)	£334	€425
section 472A(3)(b)	£1,000	€1,270
section 472A(3)(b)	£666	€850
section 472A(3)(b)	£334	€425
section 476(1)	£250	€315
section 476(1)	£1,000	€1,270
section 477(1)(a)	£150	€195
section 478(2)	£800	€1,015.79
section 479(2)	£5,000	€6,350
section 481(2)(c)(i)	£4,000,000	€5,080,000
section 481(2)(c)(ii)	£4,000,000	€5,080,000
section 481(2)(c)(ii)	£5,000,000	€6,350,000
the formula in section 481(2)(c)(ii)	£100,000	€127,000
section 481(2)(c)(iii)	£5,000,000	€6,350,000
section 481(2)(c)	£8,250,000	€10,480,000
section 481(4)(a)	£8,000,000	€10,160,000
section 481(4)(b)(i)	£3,000,000	€3,810,000
section 481(4)(b)(ii)	£3,000,000	€3,810,000
section 481(4)(b)(ii)	£4,000,000	€5,080,000
section 481(7)	£25,000	€31,750
section 481(16)	£500	€630
section 481(16)	£1,000	€1,265
paragraph (ii) of the definition of “qualifying expenditure” in section 482(1)(a)	£5,000	€6,350
paragraph (i)(II) of the definition of “relevant expenditure” in section 482(1)(a)	£5,000	€6,350
section 482(7)(c)	£500	€630
section 486B(4)	£10,000,000	€12,700,000
section 486B(5)	£7,500,000	€9,525,000
section 486B(11)(i)	£500	€630
section 486B(11)(i)	£1,000	€1,265
section 490(1)(a)	£200	€250
section 490(2)	£25,000	€31,750
section 491(2)	£100,000	€127,000
section 491(2)	£500,000	€635,000
section 491(2)	£1,000,000	€1,270,000
section 491(2)	£250,000	€317,500
section 491(2)	£400,000	€508,000
section 491(3)	£100,000	€127,000
section 491(3)	£500,000	€635,000
section 491(3)	£1,000,000	1,270,000
section 491(3)	£250,000	€317,500
section 491(3)	£400,000	€508,000
section 493(8)(a)(i)	£250,000	€317,500
section 494(2)(a)	£15,000	€19,050
section 494(5)(a)	£100	€130
section 494(6)(b)(ii)	£100,000	€127,000
section 496(5)(c)	£2,000,000	€2,539,476.16
section 503(6)	£500	630
section 503(6)	£1,000	€1,265
section 513(6)	£10	€13
section 515(1)(a)	£10,000	12,700
section 515(1)(b)	£30,000	€38,100
section 515(2)	£10,000	€12,700
section 515(2)	£30,000	€38,100
section 515(2B)	£30,000	€38,100
section 531(14)(a)	£1,000	€1,265
section 531(14)(b)	£1,000	€1,265
section 531(14)(c)	£1,000	€1,265
section 598(2)(a)(i)	£375,000	€476,250
section 598(2)(a)(ii)	£375,000	€476,250
section 601(1)	£1,000	€1,270
section 601(2)	£1,000	€1,270
section 601(3)	£1,000	€1,270
section 602(2)	£2,000	€2,540
section 602(3)(a)	£2,000	€2,540
section 602(4)	£2,000	€2,540
section 602(6)(b)	£2,000	€2,540
section 602(6)(c)	£2,000	€2,540
section 604(12)(c)	£15,000	€19,050
section 606(1)(a)	£25,000	31,740
section 650	£15,000	€19,050
section 659(3)(a)(i)	£10,000	€12,700
section 659(3)(a)(ii)	£15,000	€19,050
section 659(3B)(a)	£25,000	€31,750
paragraph (ii)(I) of the definition of “the specified amount” in section 664(1)(a)	£2,000	€2,539.48
paragraph (ii)(II) of the definition of “the specified amount” in section 664(1)(a)	£2,800	€3,555.27
paragraph (ii)(III) of the definition of “the specified amount” in section 664(1)(a)	£2,000	€2,539.48
paragraph (ii)(IV)(A) of the definition of “the specified amount” in section 664(1)(a)	£4,000	€5,078.95
paragraph (ii)(IV)(B) of the definition of “the specified amount” in section 664(1)(a)	£3,000	€3,809.21
paragraph (ii)(V)(A) of the definition of “the specified amount” in section 664(1)(a)	£6,000	€7,618.43
paragraph (ii)(V)(B) of the definition of “the specified amount” in section 664(1)(a)	£4,000	€5,078.95
section 664(1)(b)(i)	£2,800	€3,555.27
section 664(1)(b)(ii)(I)	£4,000	€5,078.95
section 664(1)(b)(ii)(II)	£3,000	€3,809.21
section 664(1)(b)(iii)(I)	£6,000	€7,618.43
section 664(1)(b)(iii)(II)	£4,000	€5,078.95
section 700(3)	£70	€90
section 723(1)	£200,000,000	€255,000,000
section 723(3)(b)	£50,000	€63,500
section 723(3)(c)	£50,000	63,500
section 737(1)	£200,000,000	€255,000,000
section 737(3)(a)(ii)	£50,000	€63,500
section 737(3)(a)(iii)	£50,000	€63,500
the formula in the definition of “qualifying group expenditure on research and development” in section 766(1)(a)	£25,000	€31,743.45
paragraph (A) of the definition of “qualifying group expenditure on research and development” in section 766(1)(a)	£150,000	€190,460.71
section 766(1)(b)(v)(I)	£50,000	€63,486.90
section 783(6)	£500	€630
section 784C(2)(b)(ii)	£50,000	€63,500
section 784C(3)(b)	£50,000	63,500
section 784C(4)(a)	£10,000	€12,700
section 787(2A)	£200,000	€254,000
section 789(5)	£500	€630
section 821(1)(b)	£3,000	€3,810
section 823(3)	£25,000	€31,750
section 838(1)(a)	£200,000,000	€255,000,000
section 838(2)(b)(i)	£50,000	€63,500
section 838(2)(b)(i)(B)	£10,000	€12,700
section 838(2)(b)(ii)	£50,000	€63,500
section 838(2)(c)	£50,000	€63,500
section 839(2)(a)(i)	£25,000	€31,750
section 839(2)(a)(i)	£50,000	€63,500
section 839(2)(a)(ii)	£25,000	€31,750
section 839(2)(a)(ii)	£50,000	€63,500
section 839(2)(b)(ii)(I)	£25,000	€31,750
section 839(2)(b)(ii)(I)	£50,000	€63,500
section 839(2)(b)(ii)(II)	£25,000	€31,750
section 839(2)(b)(ii)(II)	£50,000	€63,500
section 839(3)	£50,000	€63,500
section 839(3)	£75,000	€95,250
section 839(4)	£25,000	€31,750
section 839(4)	£50,000	€63,500
section 856(2)	£50	€60
section 857(3)	£100	€125
section 877(5)(b)	£5	€5
section 885(2)	£5	€7
section 886(5)	£1,200	€1,520
section 889(7)(b)	£500	€635
section 889(8)	£1,200	€1,520
section 890(3)	£500	€635
section 891(2)(a)	£50	€65
section 895(4)(a)	£2,000	€2,535
section 895(4)(b)	£2,000	€2,535
section 897(2)(e)	£1,500	€1,905
section 898(3)	£1	€2
section 900(7)	£1,500	€1,900
section 902(11)	£1,500	€1,900
section 903(5)	£1,000	€1,265
section 904(5)	£1,000	€1,265
section 904A(8)	£1,000	€1,265
section 904A(9)	£15,000	€19,045
section 904A(9)	£2,000	€2,535
section 904C(7)	£1,000	€1,265
section 904C(8)	£15,000	€19,045
section 904C(8)	£2,000	€2,535
section 904D(7)	£1,000	€1,265
section 904D(8)	£15,000	€19,045
section 904D(8)	£2,000	€2,535
section 905(3)	£1,000	€1,265
section 906A(10)	£15,000	€19,045
section 906A(10)	£2,000	€2,535
section 907(9)	£15,000	€19,045
section 907(9)	£2,000	€2,535
section 914(6)(a)	£5,000	€6,350
section 914(6)(b)	£15,000	€19,050
section 917A(4)	£2,000	€2,535
section 917B(5)(b)	£2,000	€2,535
section 917C(3)(b)	£2,000	€2,535
section 923(4)	£100	€125
section 923(4)	£20	€25
section 932	£50	€60
section 939(3)	£750	€950
section 941(3)	£20	€25
section 942(6)(b)	£10	€10
paragraph (i) of the definition of “chargeable person” in section 950(1)	£100	€130
section 953(7)(a)(i)	£10	€10
section 962(3)(a)	£15,000	€19,050
section 962(3)(b)	£2,500	€3,175
section 962(3)(b)	£15,000	€19,050
section 962(3)(c)	£2,500	€3,175
section 980(3)	£300,000	381,000
section 986(5)(a)	£6	€8
section 986(5)(a)	£1	€2
section 986(5)(b)	£6	€8
section 986(5)(b)	£1	€2
section 986(5)(b)	£26	€36
section 986(5)(b)	£4.50	€9
section 986(6)(b)(i)	£30	€40
section 987(1)	£1,200	€1,520
section 987(1A)	£500	€630
section 987(1A)	£2,000	€2,535
section 987(2)	£750	€950
section 991(1)	£5	€6
section 1003(2)(c)(i)	£75,000	€95,250
section 1003(2)(c)(ii)	£75,000	€95,250
section 1003(2)(c)(ii)	£3,000,000	€3,810,000
section 1021(2)	£20	€25
section 1052(1)	£750	€950
section 1052(2)	£1,200	€1,520
section 1053(1)(i)	£100	€125
section 1053(2)	£100	€125
section 1053(2)	£250	€315
section 1054(2)(a)(i)	£1,000	€1,265
section 1054(2)(a)(ii)	£500	€630
section 1054(2)(a)(ii)	£50	€60
section 1054(2)(b)(i)	£200	€250
section 1054(2)(b)(ii)	£100	€125
section 1054(3)(a)(i)(I)	£500	€630
section 1054(3)(a)(i)(I)	£1,000	€1,265
section 1054(3)(a)(ii)	£100	€125
section 1054(3)(a)(ii)	£200	€250
section 1054(3)(b)(i)	£500	€630
section 1054(3)(b)(i)	£1,000	€1,265
section 1054(3)(b)(ii)	£100	€125
section 1054(3)(b)(ii)	£200	€250
section 1055	£500	€630
section 1056(3)(a)(i)	£1,200	€1,520
section 1056(3)(a)(ii)	£1,200	€1,520
section 1056(3)(b)(i)	£5,000	€6,345
section 1056(3)(b)(ii)	£5,000	€6,345
section 1056(3)(b)(ii)	£10,000	€12,695
section 1056(3)(b)(iii)	£10,000	€12,695
section 1056(3)(b)(iii)	£25,000	€31,740
section 1056(3)(b)(iv)	£25,000	€31,740
section 1056(3)(b)(iv)	£100,000	€126,970
section 1056(3)(b)(v)	£100,000	€126,970
section 1057(1)	£100	€125
section 1058(1)	£50	€60
section 1071(1)(a)	£500	€630
section 1071(1)(a)	£50	€60
section 1071(1)(b)	£100	€125
section 1071(2)	£1,000	€1,265
section 1071(2)	£200	€250
section 1072(1)	£500	€630
section 1072(1)	£1,000	€1,265
section 1072(1)	£100	€125
section 1072(1)	£200	€250
section 1073(1)(a)	£500	€630
section 1073(1)(a)	£50	€60
section 1073(1)(b)	£100	€125
section 1074(a)	£500	€630
section 1074(a)	£50	€60
section 1074(b)	£100	€125
section 1075(1)	£100	€125
section 1075(1)	£10	€10
section 1075(2)	£100	€125
section 1075(2)	£250	€315
section 1075(3)(a)	£500	€630
section 1075(3)(a)	£50	€60
section 1075(3)(b)	£100	€125
section 1075(4)(a)	£500	€630
section 1075(4)(a)	£1,000	€1,265
section 1075(4)(b)	£100	€125
section 1075(4)(b)	£200	€250
section 1078(3)(b)	£100,000	€126,970
section 1079(7)(a)	£1,000	€1,265
section 1079(7)(b)	£5,000	€6,345
section 1080(2)	£1	€2
section 1084(2)(a)(i)	£10,000	€12,695
section 1084(2)(a)(ii)	£50,000	€63,485
section 1085(3)(a)	£125,000	€158,715
section 1085(3)(b)	£50,000	€63,485
section 1085(4)(b)(i)	£25,000	€31,740
section 1085(4)(b)(ii)	£10,000	€12,695
section 1086(4)(c)	£10,000	€12,700
section 1091(3)	£10	€10
section 1091(3)	£100	€125
Schedule 2, paragraph 10	£2.50	€3.50
Schedule 2, paragraph 19	£0.675	€0.675
Schedule 2, paragraph 19	£1,000	€1,000
Schedule 2, paragraph 27	£0.675	€0.675
Schedule 2, paragraph 27	£1,000	€1,000
Schedule 3, paragraph 8	£4,000	€5,080
Schedule 3, paragraph 8	£4,000	€5,080
Schedule 11, paragraph 3(4)	£10,000	€12,700
Schedule 11, paragraph 3(4)	£30,000	€38,100
Schedule 12A, paragraph 25 (2)(a)	£250	€320
Schedule 12A, paragraph 25 (2)(b)	£10	€12
Schedule 32, paragraph 22(1)	£8,000,000	€10,157,904.63
Schedule 32, paragraph 22(1)	£6,000,000	€7,618,428.47
Schedule 32, paragraph 22(1)	£6,000,000	€7,618,428.47
Schedule 32, paragraph 22(6)	£3,000,000	€3,809,214.24
Schedule 32, paragraph 22(6)	£2,000,000	€2,539,476.16
Schedule 32, paragraph 22(7)	£3,000,000	€3,809,214.24
Schedule 32, paragraph 22(7)	£2,000,000	€2,539,476.16


Enactment amended	Amount or words to be replaced	Amount or words to be inserted
(1)	(2)	(3)
Customs Consolidation Act, 1876 (39 & 40 Vict. c.36) (as amended):
section 46	twenty pounds	€25
section 47	one hundred pounds	€125
section 47	twenty pounds	€25
section 49	twenty pounds	€25
section 51	one hundred pounds	€125
section 52	one hundred pounds	€125
section 53	one hundred pounds	€125
section 67	one hundred pounds	€125
section 72	twenty pounds	€25
section 81	five pounds	€5
section 84	one hundred pounds	€125
section 101	one hundred pounds	€125
section 106	one hundred pounds	€125
section 108	two hundred pounds	€250
section 112	five pounds	€5
section 114	twenty pounds	€25
section 126	one hundred pounds	€125
section 130	five pounds	€5
section 130	one hundred pounds	€125
section 132	one hundred pounds	€125
section 134	five pounds	€5
section 135	twenty pounds	€25
section 136	twenty pounds	€25
section 136	one hundred pounds	€125
section 139	one hundred pounds	€125
section 142	one hundred pounds	€125
section 145	twenty pounds	€25
section 146	twenty pounds	€25
section 147	twenty pounds	€25
section 168	five hundred pounds	€630
section 172	five hundred pounds	€630
section 179	fifty pounds	€60
section 179	one hundred pounds	€125
section 181	twenty pounds	€25
section 185	ten pounds	€10
section 185	one hundred pounds	€125
section 190	one hundred pounds	€125
section 195	ten pounds	€10
section 203	twenty pounds	€25
section 203	one hundred pounds	€125
section 206	twenty pounds	€25
section 217	five hundred pounds	€630
section 228	twenty pounds	€25
section 234	one hundred pounds	€125
section 236	one hundred pounds	€125
section 267	two pence	€0.01
section 267	one shilling	€0.05
Customs and Inland Revenue Act, 1878 (41 & 42 Vict. c. 15):
section 4	twenty pounds	€25
section 6	one hundred pounds	€125
Customs and Inland Revenue Act, 1879 (42 & 43 Vict. c. 21):
section 7	one hundred pounds	€125
section 8	one hundred pounds	€125
section 9	twenty pounds	€25
section 10	one hundred pounds	€125
section 10	five hundred pounds	€630
Customs and Inland Revenue Act, 1881 (44 & 45 Vict. c. 12) (as amended):
section 10	fifty pounds	€60
section 11	five pounds	€5
section 12(1)	£1,000	€1,265
section 12(2)	£1,000	€1,265
section 12(3)	£1,000	€1,265
section 12(4)	£1,000	€1,265
section 12(5)	£1,000	€1,265
Revenue Act, 1884 (47 & 48 Vict., c. 62):
section 2	twenty pounds	€25
section 3	five pounds	€5
Customs and Inland Revenue Act, 1888 (50 & 51 Vict. c. 8):
section 5(2)	fifty pounds	€60
Finance Act, 1936 (No. 31 of 1936):
section 20(4)	fifty pounds	€60
Finance Act, 1938 (No. 25 of 1938):
section 24	£1,000	€1,265
Customs (Amendment) Act, 1942 (No. 21 of 1942):
section 1	one hundred pounds	€125
Customs-Free Airport Act, 1947 (No. 5 of 1947) (as amended):
section 6 (3)	one hundred pounds	€125
section 9 (6)	one hundred pounds	€125
section 10 (3)	one hundred pounds	€125
section 11(4)	one hundred pounds	€125
section 12(2)	£1,000	€1,265
Finance Act, 1950 (No. 18 of 1950) (as amended):
section 9(2)	£1,000	€1,265
Customs Act, 1956 (No. 7 of 1956) (as amended):
section 3	one hundred pounds	€125
section 4(2)	fifty pounds	€60
Customs-Free Airport (Amendment) Act, 1958 (No. 29 of 1958):
section 4	fifty pounds	€60
Finance Act, 1963 (No. 23 of 1963) (as amended):
section 29(2)	one hundred pounds	€125
Finance Act, 1971 (No. 23 of 1971) (as amended):
section 29(3)	£100	€125
Finance Act, 1974 (No. 27 of 1974):
section 76(1)	50 pence	€0.50
Free Ports Act, 1986 (No. 6 of 1986):
section 10(5)	£500	€630
section 12	£500	€630
Customs and Excise (Miscellaneous Provisions) Act, 1988 (No. 10 of 1988):
section 2	£500	€630
section 11(9)	£1,000	€1,265
section 11(8)(b)	£1,000	€1,265
section 12(3)	£1,000	€1,265
section 13(2)	£1,000	€1,265
Finance Act, 1997 (No. 22 of 1997):
section 89	£10,000	€12,695
European Communities (Customs & Excise) Regulations, 1992 (S.I. No. 394 of 1992):
Regulation 4(7)	£1,000	€1,265
European Communities (Community Transit) Regulations, 1992 (S.I. No. 433 of 1992):
Regulation 5(a)	£1,000	€1,265
Regulation 5(b)	£1,000	€1,265
Regulation 6	£1,000	€1,265
European Communities (Counterfeit and Pirated Goods) Regulations, 1996 (S.I. No. 48 of 1996):
Regulation 4(2)	£400	€505
Regulation 10(1)	£1,000	€1,265
Regulation 10(2)	£1,000	€1,265
Regulation 11	£1,000	€1,265

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