Finance Act, 1983
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Application of section 31 (building societies) of Corporation Tax Act, 1976, for 1983-84. |
27.—(1) Section 40 (1) of the Finance Act, 1977 (as extended by section 52 of the Finance Act, 1980 ) shall have effect in relation to the year 1983-84 as it has effect in relation to the years 1980-81 and 1981-82— | |
(a) as respects any building society which, on or before the 30th day of September, 1983, gives to the Revenue Commissioners an undertaking in writing that it will co-operate fully with the said Commissioners in any scheme of theirs for determining (having regard to the obligation imposed on the said Commissioners by the proviso to section 31 (1) of the Corporation Tax Act, 1976 ) the reduced rate referred to in paragraph (a) of the said section 31(1), and, in particular, that it will furnish the said Commissioners with such returns, information and other particulars as the Commissioners consider necessary for the purposes of such determination, and | ||
(b) as respects any other building society, subject to the modification that the said reduced rate which, by virtue of the said section 40(1) (as extended by this subsection) would, for the year 1983-84, be 70 per cent. of the standard rate shall, for that year, be 75 per cent. of the standard rate. | ||
(2) In this section “building society” has the same meaning as in section 31 of the Corporation Tax Act, 1976 . |