Finance Act, 1994

Liability for duty to be paid by tax stamps.

69.—The Principal Act is hereby amended by the insertion of the following section after section 2:

“2A.—(1) The duty of excise imposed by section 2 of this Act shall, in respect of cigarettes, be paid by means of the purchase of tax stamps issued by the Revenue Commissioners:

Provided that the Revenue Commissioners may, in exceptional circumstances, permit payment of the duty to be subject to the provisions of subsection (4) of this section.

(2) Liability for duty in respect of tax stamp purchases shall arise at the time the tax stamps are issued by the Revenue Commissioners to the purchaser.

(3) Subject to section 3 (3) of this Act, the Revenue Commissioners shall only issue tax stamps on payment of the appropriate amount of duty.

(4) Liability for duty in respect of other tobacco products shall arise at the time the goods are manufactured in the State or imported into the State or when they cease to be warehoused without payment of duty under section 4 whichever is the later.”.