S.I. No. 549/2006 - Finance Act 2006 (Commencement of Sections 93(1), 97(1)(b) and 99(1)(a)) Order 2006

S.I. No. 549 of 2006

ORDER

entitled

Finance Act 2006 (Commencement of Sections 93(1), 97(1)(b) and 99(1)(a)) Order 2006

Made by the Minister for Finance

I, Brien Cowen, Minister for Finance, in exercise of the powers conferred on me by sections 93(2), 97(2) and 99(2) of the Finance Act 2006 (No. 6 of 2006), hereby order as follows:

1.   This Order may be cited as the Finance Act 2006 (Commencement of sections 93(1), 97(1)(b) and 99(1)(a)) Order 2006.

2.   The 1st day of November 2006 is appointed as the day on which sections 93(1), 97(1)(b) and 99(1)(a) of the Finance Act 2006 (No. 6 of 2006) come into operation.

Explanatory Note

(This note is not part of the instrument and does not purport to be a legal interpretation).

This Order appoints the 1^st day of November 2006 as the date for coming into effect of the provisions specified in the Order. Each of these sections amends the VAT Act 1972.

Section 93(1) amends section 1 of the VAT Act 1972 to provide definitions for VAT purposes of five types of supply comprising two or more elements which attract VAT at different rates.

Section 97(1)(b) provides the framework in section 11 of the VAT Act 1972 for the calculation of the rate or rates of tax on the types of supply mentioned above.

Section 99(1)(a) amends section 32 of the VAT Act 1972 to provide for the making of regulations by the Revenue Commissioners in connection with the operation of the new rules.