Finance (No. 2) Act, 1981

Amendment of section 12A of Principal Act.

13.—(1) Section 12A (inserted by the Act of 1978) of the Principal Act is hereby amended by the substitution in subsection (1) of “1.5 per cent.” for “1 per cent.”, and the said subsection (1), as so amended, is set out in the Table to this section.


Where a flat-rate farmer supplies agricultural produce or an agricultural service to a person, the farmer shall, subject to section 17 (2), issue to the person an invoice indicating the consideration (exclusive of the flat-rate addition) in respect of the supply and an amount (in this Act referred to as ‘a flat-rate addition’) equal to 1.5 per cent. of the said consideration (exclusive of the said addition), and the person shall, if he is a taxable person, be entitled to treat the flat-rate addition as tax deductible under section 12 subject, however, to any restrictions imposed by or under subsection (3) or (4) of that section.

(2) This section shall have, and be deemed to have had, effect as on and from the 1st day of September, 1981.