Finance Act, 1986
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Shannon Airport: revocation of certain certificates. |
56.—(1) Section 70 of the Corporation Tax Act, 1976 , is hereby amended— | |
(a) in subsection (2), by the insertion after “subsection (4)” of “or (4A)”, and | ||
(b) by the insertion after subsection (4) of the following subsection: | ||
“(4A) Where, in the case of a company in relation to which a certificate under subsection (2) has been given, the Minister is of opinion that any activity of the company has had, or may have, an adverse effect on the use or development of the airport or is otherwise inimical to the development of the airport, then— | ||
(a) the Minister may, by notice in writing served by registered post on the company, require the company to desist from such activity with effect from such date as may be specified in the notice, and | ||
(b) if the Minister is not satisfied that the company has complied with the requirements of the said notice, he may, by a further notice in writing served by registered post on the company, revoke the certificate with effect from such date as may be specified in the said further notice.”, | ||
and the said subsection (2) (other than the proviso), as so amended, is set out in the Table to this subsection. | ||
TABLE | ||
(2) Subject to subsections (5) and (6), the Minister may give a certificate certifying that such trading operations of a qualified company as are specified in the certificate are, with effect as from their commencement, exempted trading operations for the purposes of this Part, and any certificate so given shall, unless it is revoked under subsection (4) or (4A), remain in force until the 5th day of April, 1990: | ||
(2) Section 39A (inserted by the Finance Act, 1981 ) of the Finance Act, 1980 , is hereby amended— | ||
(a) in subsection (2), by the insertion after “subsection (4)” of “or (4A)”, and | ||
(b) by the insertion after subsection (4) of the following subsection: | ||
“(4A) Where, in the case of a company in relation to which a certificate under subsection (2) has been given, the Minister is of opinion that any activity of the company has had, or may have, an adverse effect on the use or development of the airport or is otherwise inimical to the development of the airport, then— | ||
(a) the Minister may, by notice in writing served by registered post on the company, require the company to desist from such activity with effect from such date as may be specified in the notice, and | ||
(b) if the Minister is not satisfied that the company has complied with the requirements of the said notice, he may, by a further notice in writing served by registered post on the company, revoke the certificate with effect from such date as may be specified in the said further notice.”, | ||
and the said subsection (2) (other than the proviso), as so amended, is set out in the Table to this subsection. | ||
TABLE | ||
(2) Subject to subsections (5) and (6), the Minister may give a certificate certifying that such trading operations of a qualified company as are specified in the certificate are, with effect from a date to be specified in the certificate, relevant trading operations for the purpose of this section, and any certificate so given shall, unless it is revoked under subsection (4) or (4A), remain in force until the 31st day of December, 2000: |