Finance Act, 1986

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Amendment of section 20 (refund of tax) of Principal Act.

87.—Section 20 of the Principal Act is hereby amended—

(a) in subsection (1) by the substitution of “Subject to subsection (1A), where” for “Where”,

and

(b) by the insertion after subsection (1) of the following subsection:

“(1A) The Revenue Commissioners may defer repayment of all or part of any tax refundable to any taxable person under subsection (1) where they are satisfied that the business activities of that taxable person are so interlinked with the business activities of one or more other taxable persons that it would have been expedient to apply the provisions of section 8 (8) in relation to all the taxable persons concerned, if the request specified in that section had been made, and any of the said one or more other taxable persons has not furnished all returns and remitted all amounts of tax referred to in section 19 (3).”.