Finance Act, 1991
Amendment of section 11 (rates of tax) of Principal Act. |
80.—Section 11 of the Principal Act is hereby amended— | |
(a) in subsection (1) (inserted by the Act of 1985): | ||
(i) in paragraph (a)— | ||
(I) by the substitution of “21 per cent.” for “23 per cent.” (inserted by the Finance Act, 1990 ), and | ||
(II) by the insertion after “in paragraphs (b)” of “, (bi)”, | ||
(ii) by the insertion of the following paragraph after paragraph (b): | ||
“(bi) 10 per cent. of the amount on which tax is chargeable in relation to goods or services of a kind specified in the Third Schedule,”, | ||
and | ||
(iii) in paragraph (c), by the substitution of “12.5 per cent.” for “10 per cent.”, | ||
and | ||
(b) in subsection (8), by the substitution in paragraph (a) (inserted by the Finance Act, 1973 ) of “Second, Third or Sixth Schedule” for “Second or Sixth Schedule”. |