Finance Act, 1982

Amendment of section 11 (rates of tax) of Principal Act.

79.—(1) Section 11 of the Principal Act is hereby amended—

(a) in subsection (1) (inserted by the Act of 1978)—

(i) in paragraph (a), by the substitution of “18 per cent.” for “15 per cent.” (inserted by the Act of 1981),

(ii) in paragraph (b), by the substitution of “(xva)” for “(xv)”, and

(iii) in paragraph (c) (inserted by the Finance Act, 1980 ), by the substitution of “30 per cent.” for “25 per cent.” (inserted by the Act of 1981),

(b) in subsection (2)—

(i) in paragraph (b) (inserted by the Act of 1978), by the substitution of “16.67 per cent.” for “20 per cent.” (inserted by the Act of 1981), and

(ii) in paragraph (c) (inserted by the Act of 1981), by the substitution of “16.67 per cent.” for “20 per cent.”, and

(iii) by the insertion after the said paragraph (c) of the following paragraphs:

“(d) On the supply by an auctioneer, solicitor, estate agent or other agent of services directly related to the supply of immovable goods used for the purposes of an Annex A activity tax shall be chargeable at the rate specified in subsection (1) (a) on 16.67 per cent. of the total amount on which tax is chargeable and at the rate of zero per cent. on the balance of the said total amount.

(e) On the supply of farm accountancy services or farm management services tax shall be chargeable at the rate specified in subsection (1) (a) on 16.67 per cent. of the total amount on which tax is chargeable and at the rate of zero per cent. on the balance of the said total amount.”.

(2) This section other than subsection (1) (b) (iii) shall have, and be deemed to have had, effect as on and from the 1st day of May, 1982.