Finance Act 2003

Amendment of section 20 (refund of tax) of Principal Act.

124.—Section 20 of the Principal Act is amended—

(a) in subsection (4)(a)—

(i) by substituting “1 May 2003” for “the 1st day of May, 1998”, and

(ii) by substituting “six years” for “ten years”,

(b) in subsection (4)(b)—

(i) by substituting “1 May 2003” for “the 1st day of May, 1998”,

(ii) by substituting “1 January 2005” for “the 1st day of May, 1999,”, and

(iii) by substituting “four years” for “six years”,

(c) in subsection (5)(e) by inserting “together with any interest payable in accordance with section 21A” after “refund to the claimant that part of the withheld amount”, and

(d) by inserting the following subsection after subsection (6):

“(7) The Revenue Commissioners shall not refund any amount of tax except as provided for in this Act, or any order or regulation made under this Act.”.