Finance Act, 1944

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Number 18 of 1944.

FINANCE ACT, 1944.

ARRANGEMENT OF SECTIONS

PART I.

Income Tax.

Section
1.	Income tax and sur-tax for year 1944-45.
2.	Amendment of Rule 6 of the Rules applicable to Cases I and II of Schedule D.
3.	Amendments of enactments consequent upon the substitution in county boroughs and the borough of Dun Laoghaire of the municipal rate for the poor rate and certain other rates.
4.	Exemption of children's allowance from income tax and reduction of deductions under section 21 of the Finance Act, 1920.
5.	Amendment of section 22 of the Finance Act, 1920.
6.	Amendment of section 3 of the Finance Act, 1925.
7.	Exemption in respect of certain profits from sweepstakes organised by the Irish Red Cross Society.
8.	Emergency allowances in respect of certain machinery or plant.
9.	Schedule D and Schedule E Assessment Districts.
10.	Publication of reports of case stated.

PART II.

Corporation Profits Tax.

11.	Definition in this Part of this Act.
12.	Meaning of word “remuneration” in relation to a director.
13.	Provisions in respect of deductions for the remuneration of directors in relation to excess corporation profits tax.
14.	Subsidiary companies.
15.	Transactions designed to avoid liability to corporation profits tax.
16.	Standard profits of certain new companies.
17.	Continuance of certain exemptions.
18.	Construction of this Part of this Act.

PART III.

Miscellaneous and General.

19.	Amendment of section 34 of the Finance Act, 1931.
20.	Transfer of money from the Road Fund to the Exchequer.
21.	Power of Minister for Finance to direct transfer of assets of wound-up funds to the Savings Certificates Reserve Fund.
22.	Care and management of taxes and duties.
23.	Short title, construction and commencement.

SCHEDULE.

Amendments of enactments consequent upon the substitution in county boroughs and the borough of Dun Laoghaire of the municipal rate for the poor rate and certain other rates.

Acts Referred to
Finance Act, 1941	No. 14 of 1941
Local Government (Dublin) Act, 1930	No. 27 of 1930
Limerick City Management Act, 1934	No. 35 of 1934
Waterford City Management Act, 1939	No. 25 of 1939
Cork City Management (Amendment) Act, 1941	No. 5 of 1941
Children's Allowances Act, 1944	No. 2 of 1944
Finance Act, 1938	No. 25 of 1938
Public Hospitals Act, 1933	No. 18 of 1933
Public Hospitals (Amendment) (No. 2) Act, 1939	No. 29 of 1939
Finance Act, 1942	No. 14 of 1942
Emergency Powers Act, 1939	No. 28 of 1939
Finance Act, 1929	No. 32 of 1929
Finance Act, 1931	No. 31 of 1931
Finance Act, 1932	No. 20 of 1932
Finance Act, 1943	No. 16 of 1943
Finance Act, 1925	No, 28 of 1925

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Number 18 of 1944.

FINANCE ACT, 1944.

AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF INLAND REVENUE, TO AMEND THE LAW RELATING TO INLAND REVENUE, AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [11th July, 1944.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—

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