Finance Act, 1991

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

80.—Section 11 of the Principal Act is hereby amended—

(a) in subsection (1) (inserted by the Act of 1985):

(i) in paragraph (a)—

(I) by the substitution of “21 per cent.” for “23 per cent.” (inserted by the Finance Act, 1990 ), and

(II) by the insertion after “in paragraphs (b)” of “, (bi)”,

(ii) by the insertion of the following paragraph after paragraph (b):

“(bi) 10 per cent. of the amount on which tax is chargeable in relation to goods or services of a kind specified in the Third Schedule,”,

and

(iii) in paragraph (c), by the substitution of “12.5 per cent.” for “10 per cent.”,

and

(b) in subsection (8), by the substitution in paragraph (a) (inserted by the Finance Act, 1973 ) of “Second, Third or Sixth Schedule” for “Second or Sixth Schedule”.