S.I. No. 166/1965 - Turnover Tax (No. 4), Regulations, 1965.

S.I. No. 166 of 1965.

TURNOVER TAX (NO. 4), REGULATIONS, 1965.

The Revenue Commissioners, in exercise of the powers conferred on them by section 52 of the Finance Act, 1963 (No. 23 of 1963), hereby make the following Regulations :

1.—(1) These Regulations may be cited as the Turnover Tax (No. 4) Regulations, 1965.

(2) These Regulations shall come into operation on the 3rd day of August, 1965.

2. Regulation 6 of the Turnover Tax Regulations, 1963 ( S.I. No. 157 of 1963 ), shall be amended as follows :—

(a) In paragraph (1)—

(i) "(a) Within" and "accountable person" are hereby substituted for "Within" and "registered person" respectively, and

(ii) the following is hereby added to the paragraph :

"Every such return shall show the following :

(i) the total of the moneys received in respect of all or any of the activities enumerated in subsection (1) of section 47 of the Act,

(ii) the total value of any goods withdrawn from stock and in respect of which the person is deemed under section 51 of the Act to have thereby received payment in respect of a sale of the goods at the retail price current at the time of the withdrawal ;

(iii) the total of any deduction claimed in calculating taxable turnover on account of moneys received in respect of which section 50 of the Act provides that tax shall not be chargeable ;

(iv) the total of any deduction claimed in calculating taxable turnover on account of moneys received in respect of any exempted activity ;

(v) the total of the taxable turnover on which tax is payable under section 53 of the Act.

(b) Where a person has furnished a return in accordance with the foregoing subparagraph and the return shows a total of a deduction claimed on account of moneys received in respect of an exempted activity, the Revenue Commissioners may serve on the person a notice in writing requiring him to furnish within a period specified in the notice a statement in writing giving any one or more of the following :

(i) the description of any activity which is claimed to be an exempted activity and the total of the moneys received in respect of the activity ;

(ii) the description of each class of goods as respects which it is claimed that their sale is an exempted activity and the total of the moneys received in respect of such sale ;

(iii) the total of the moneys received in respect of any activity (including the sale of a class of goods) specified in the notice.

(c) It shall be lawful for the Revenue Commissioners to serve a notice under the foregoing subparagraph, notwithstanding the fact that one or more such notices have previously been served." ; and

(b) the following paragraph is hereby inserted after paragraph (3) :

"(4) In this Regulation 'exempted activity' means an activity which is an exempted activity within the meaning of section 48 of the Act."

GIVEN under the Official Seal of the Revenue Commissioners, this 30th day of July, 1965.

J. C. DUIGNAN,

Revenue Commissioner.

EXPLANATORY NOTE.

These Regulations come into force on the 3rd August, 1965, and are supplementary to the Regulations (S.I. Nos. 157, 201 and 269 of 1963) already in force in relation to Turnover Tax.

They amend Regulation 6 of the Turnover Tax Regulations, 1963 ( S.I. No. 157 of 1963 ), by specifying the particulars which an accountable person must furnish in his returns for Turnover Tax purposes, and the additional information which the Revenue Commissioners may require an accountable person to furnish in relation to an activity which is claimed to be exempt.