Finance Act, 1977

Apportionments arising from transfer of part of trade.

22.—Where, on or after the 1st day of January, 1976, any change takes place whereby a part of a trade becomes transferred to any person—

(a) the amount receivable from the sale in the standard year in relation to the specified trade of goods manufactured in the State, and

(b) the number of employment contributions payable in respect of all employed contributors engaged directly or indirectly in the manufacture of goods in the State in the standard year in relation to the specified trade,

shall, as respects any relevant period in which, or prior to which, the change occurs, be apportioned for the purposes of paragraph (c) and (d) of section 24, and every such apportionment shall be made in such manner as the Revenue Commissioners consider just, having regard to all the circumstances.