Finance Act, 1986

Spirits.

66.—(1) In the Seventh Schedule “alcohol” means pure ethyl alcohol.

(2) The duty of excise on spirits imposed by paragraph 4 (2) of the Order of 1975 shall be charged, levied and paid, as on and from the 30th day of January, 1986, at the several rates specified in the Seventh Schedule in lieu of the several rates specified in the Schedule to the Imposition of Duties (No. 270) (Spirits) Order, 1984 (S.I. No. 252 of 1984).

(3) Subject to subsection (4), nothing in this section shall operate to relieve from or to prejudice or affect the additional duty of excise in respect of immature spirits imposed by paragraph 4 (2) of the Order of 1975 and the third column of the First Schedule to that Order, as amended by paragraph 4 (2) of the Imposition of Duties (No. 244) (Excise Duties on Spirits, Beer and Hydrocarbon Oils) Order, 1979 (S. I. No. 415 of 1979), and the third column of the First Schedule to that Order.

(4) With effect on or after the 1st day of July, 1986—

(a) the additional duty of excise in respect of immature spirits mentioned in subsection (3), and

(b) the additional duty of excise on spirits imposed by paragraph 4 (4) of the Order of 1975,

shall not be charged or levied.