Finance Act, 1932


Excess Profits Duty.

Power to remit excess profits duty.

48.—Where the Revenue Commissioners are satisfied that a person who is liable to excess profits duty either—

(a) has voluntarily furnished to the Revenue Commissioners all such information in his possession or procurement as is requisite for the due computation of the amount of such duty; or

(b) is in such financial circumstances that he cannot without undue hardship pay the whole amount of such duty; or

(c) has so furnished such information as aforesaid and is also in such financial circumstances as aforesaid,

the Revenue Commissioners may, in consideration of such information or on account of such circumstances or on both those grounds, remit all (if any) interest payable in respect of such duty and also grant such remission of such duty as they consider just.