Finance Act, 1991

Application of certain income tax provisions in relation to the collection and recovery of capital acquisitions tax, etc.

129.—(1) In this section—

“the Collector” means the Collector-General appointed under section 162 of the Income Tax Act, 1967 ;

“the Commissioners” means the Revenue Commissioners;

“functions” includes powers and duties;

“the Principal Act” means the Capital Acquisitions Tax Act, 1976 ;

“tax” means any tax chargeable under the provisions of the Principal Act.

(2) Notwithstanding anything in the Principal Act, all sums due under the provisions of that Act shall be paid to the Collector or to such person as may be nominated under the provisions of this section.

(3) Section 187 of the Income Tax Act, 1967 , shall, with any necessary modifications, apply in relation to an assessment of tax, a correcting assessment of tax, or an additional assessment of tax as it applies in relation to assessments to income tax.

(4) The Collector shall collect and levy the tax from time to time charged in all assessments, correcting assessments and additional assessments of which particulars have been transmitted to him under subsection (3).

(5) All the provisions of the Income Tax Acts relating to the collection and recovery of income tax shall, subject to any necessary modifications, apply in relation to tax as they apply in relation to income tax chargeable under Schedule D.

(6) (a) The Revenue Commissioners may nominate persons to exercise on behalf of the Collector any or all of the functions conferred upon him by this section and, accordingly, those functions, as well as being exercisable by the Collector, shall also be exercisable on his behalf by persons so nominated.

(b) A person shall not be nominated under this subsection unless he is an officer or employee of the Commissioners.

(7) This section shall apply and have effect as on and from the 1st day of October, 1991.