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PART 2
Provisions relating to temporary solidarity contribution
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Temporary solidarity contribution
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4. (1) There shall be charged, levied and paid a levy to be known as the “temporary solidarity contribution” on the taxable profits of each energy company in respect of each chargeable period.
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(2) The amount of temporary solidarity contribution to be charged in respect of a chargeable period shall be any positive amount calculated as—
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(A - (B x 1.2)) x 0.75
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where—
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A is the taxable profits in respect of the chargeable period, and
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B is the average taxable profits in respect of the reference years.
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(3) The temporary solidarity contribution shall be due and payable by an energy company to the Revenue Commissioners on or before the specified date in respect of the chargeable period concerned.
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