Value-Added Tax Act, 1972

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Number 22 of 1972


VALUE-ADDED TAX ACT, 1972


ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Charge of value-added tax.

3.

Delivery of goods.

4.

Special provisions in relation to the delivery of immovable goods.

5.

Rendering of services.

6.

Exemptions.

7.

Waiver of exemption.

8.

Accountable persons.

9.

Registration.

10.

Amount on which tax is chargeable.

11.

Rates of tax.

12.

Deduction for tax borne or paid.

13.

Special provisions for tax invoiced by farmers and fishermen.

14.

Payment based on cash receipts.

15.

Charge of tax on imported goods.

16.

Duty to keep records.

17.

Invoices.

18.

Inspection and removal of records.

19.

Tax due and payable.

20.

Refund of tax.

21.

Interest.

22.

Estimation of tax due for a taxable period.

23.

Estimation of tax due for any period.

24.

Recovery of tax.

25.

Appeals.

26.

Penalties generally.

27.

Fraudulent returns, etc.

28.

Assisting in making incorrect returns, etc.

29.

Proceedings in High Court in respect of penalties.

30.

Time limits.

31.

Application of section 512 of the Income Tax Act, 1967.

32.

Regulations.

33.

Officer responsible in case of body of persons.

34.

Relief for stock-in-trade held on the specified day.

35.

Special provisions for adjustment and recovery of consideration.

36.

Special provisions for deliveries made prior to the specified day.

37.

Substitution of agent, etc., for person not resident in State.

38.

Extension of certain Acts.

39.

Consequential adjustments in regard to capital allowances.

40.

Increase of excise duty on betting.

41.

Repeals.

42.

Collection of tax.

43.

Care and management of tax.

44.

Short title.

FIRST SCHEDULE

Exempted Activities

SECOND SCHEDULE

Goods and Services Chargeable at the Rate of Zero per cent.

THIRD SCHEDULE

PART I

Goods Chargeable at the Rate of 5·26 per cent.

PART II

Services Chargeable at the Rate of 5·26 per cent.

FOURTH SCHEDULE

Goods Chargeable at the Rate of 30·26 per cent.

FIFTH SCHEDULE

Enactments Repealed


Acts Referred to

Income Tax Act, 1967

1967, No. 6

Customs-free Airport Act, 1947

1947, No. 5

Harbours Act, 1946

1946, No. 9

Local Government Act, 1941

1941, No. 23

Health Act, 1970

1970, No. 1

Finance Act, 1920

1920, c. 18

Finance Act, 1963

1963, No. 23

Customs Consolidation Act, 1876

1876, c. 30

Finance (Miscellaneous Provisions) Act, 1958

1958, No. 28

Customs and Inland Revenue Act, 1879

1879, c. 21

Finance Act, 1933

1933, No. 21

Finance Act, 1952

1952, No. 14

Companies Act, 1963

1963, No. 33

Court Officers Act, 1945

1945, No. 25

Petty Sessions (Ireland) Act, 1851

1851, c. 93

Courts of Justice Act, 1924

1924, No. 10

Finance (No. 2) Act, 1966

1966, No. 22

Finance (No. 2) Act, 1968

1968, No. 37

Finance Act, 1969

1969, No. 21

Finance Act, 1970

1970, No. 14

Finance (No. 2) Act, 1970

1970, No. 21

Provisional Collection of Taxes Act, 1927

1927, No. 7

Imposition of Duties Act, 1957

1957, No. 7

Inland Revenue Regulation Act, 1890

1890, c. 21

Stamp Act, 1891

1891, c. 39

Finance Act, 1971

1971, No. 23

Finance Act, 1926

1926, No. 35

Finance Act, 1931

1931, No. 31

Finance Act, 1956

1956, No. 22

Fertilisers, Feeding Stuffs and Mineral Mixtures Act, 1955

1955, No. 8

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Number 22 of 1972


VALUE-ADDED TAX ACT, 1972


AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF INLAND REVENUE (INCLUDING EXCISE), TO AMEND THE LAW RELATING TO INLAND REVENUE (INCLUDING EXCISE) AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [26th July, 1972]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: