Finance Act, 1982

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Amendment of section 5 (rendering of services) of Principal Act.

76.—Section 5 of the Principal Act is hereby amended by the insertion after subsection (4) of the following subsection—

“(4A) Where services are supplied by a person and the person is not legally entitled to recover consideration in respect of or in relation to such supply but moneys are received in respect of or in relation to such supply, the services in question shall be deemed, for the purposes of this Act, to have been supplied for consideration and the moneys received shall be deemed to be consideration that the person who supplied the services in question became entitled to receive in respect of or in relation to the supply of those services.”.