Finance Act, 1942

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Number 14 of 1942.


FINANCE ACT, 1942.


ARRANGEMENT OF SECTIONS

PART I.

Income Tax.

Section

1.

Income tax and sur-tax for the year 1942-43.

2.

Amendment of the Rules applicable to Cases I and II of Schedule D of the Income Tax Act, 1918.

3.

Allowance in respect of expenditure on production of certain commodities.

4.

Provisions in respect of deficiencies of profits occurring in certain years of assessment.

5.

Amendment of section 9 of the Finance Act, 1929.

6.

Amendment of section 17 of the Finance Act, 1929.

7.

Amendment of section 10 of the Finance Act, 1941.

PART II.

Customs and Excise.

8.

Amendment of section 21 of the Finance Act, 1935.

PART III.

Death Duties.

9.

Relief from certain death duties on deaths caused by foreign armed forces.

10.

Deduction from estate duty in certain cases.

11.

Amendment of section 26 of the Finance Act, 1940.

PART IV.

Corporation Profits Tax.

12.

Provisions as to certain companies commencing business less than two years before 31st August, 1939.

13.

Standard profits of a company succeeding to the business of another company.

14.

Provisions in respect of deficiencies of profits occurring in certain accounting periods.

15.

Amendment of section 35 of the Finance Act, 1941.

16.

Amendment of section 39 of the Finance Act, 1941.

17.

Amendment of section 41 of the Finance Act, 1941.

18.

Amendment of section 43 of the Finance Act, 1941.

19.

Operation of certain provisions where assessment final.

20.

Construction of this Part of this Act.

PART V.

Miscellaneous and General.

21.

Stamp duty on banker's licence.

22.

Amendment of section 29 of the Finance Act, 1940.

23.

Amendment of section 31 of the Finance Act, 1940.

24.

Transfer of money from the Road Fund to the Exchequer.

25.

Termination of assessments to excess profits duty.

26.

Care and management of taxes and duties.

27.

Short title, construction, and commencement.


Acts Referred to

Finance Act, 1941

No. 14 of 1941

Finance Act, 1929

No. 32 of 1929

Finance Act, 1935

No. 28 of 1935

Finance Act, 1940

No. 14 of 1940

Finance Act, 1925

No. 28 of 1925

Finance Act, 1926

No. 35 of 1926

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Number 14 of 1942.


FINANCE ACT, 1942.


AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF INLAND REVENUE, TO AMEND THE LAW RELATING TO CUSTOMS AND INLAND REVENUE (INCLUDING EXCISE), AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [7th July, 1942.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—