Finance Act 2013
Amendment of section 125A (levy on authorised insurers) of Principal Act. |
83.— Section 125A of the Principal Act is amended— | |
(a) in subsection (1) by substituting the following for the definition of “accounting period”: | ||
“ ‘accounting period’ means the first accounting period or a subsequent accounting period, as the case may be;”, | ||
(b) in subsection (1) by substituting the following for the definition of “due date”: | ||
“ ‘due date’ means— | ||
(a) in relation to the first accounting period, 21 May 2013, and | ||
(b) in relation to a subsequent accounting period, the 21st day of the second next month following the end of the accounting period;”, | ||
(c) in subsection (1) by substituting the following for the definition of “specified rate”: | ||
“ ‘specified rate’ means— | ||
(a) in respect of relevant contracts renewed or entered into on or after 1 January 2013 and on or before 30 March 2013— | ||
(i) €95 in respect of an insured person aged less than 18 years, and | ||
(ii) €285 in respect of an insured person aged 18 years or over, | ||
and | ||
(b) in respect of relevant contracts renewed or entered into after 30 March 2013— | ||
(i) €100 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for non-advanced cover, | ||
(ii) €120 in respect of an insured person aged less than 18 years insured under a relevant contract which provides for advanced cover, | ||
(iii) €290 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for non-advanced cover, and | ||
(iv) €350 in respect of an insured person aged 18 years or over insured under a relevant contract which provides for advanced cover;”, | ||
(d) in subsection (1) by inserting the following definitions: | ||
“ ‘advanced cover’ and ‘non-advanced cover’, in relation to a relevant contract, have the same meanings respectively as in section 6A of the Health Insurance Act 1994 ; | ||
‘first accounting period’ means the period commencing on 1 January 2013 and ending on 30 March 2013; | ||
‘subsequent accounting period’ means the period commencing on 31 March 2013 and ending on 30 June 2013 and each subsequent period of 3 months commencing on 1 July, 1 October, 1 January and 1 April in any year;”, | ||
(e) in subsection (2) by substituting— | ||
(i) “the first accounting period” for “each accounting period”, and | ||
(ii) “that accounting period” for “the accounting period concerned”, | ||
(f) by inserting the following after subsection (2): | ||
“(2A) Subject to subsections (7), (10) and (11), an authorised insurer shall, in respect of each subsequent accounting period and not later than the due date, deliver to the Commissioners a statement in writing showing the number of insured persons— | ||
(a) aged less than 18 years on the first day of the accounting period insured under a relevant contract which provides for non-advanced cover, | ||
(b) aged less than 18 years on the first day of the accounting period insured under a relevant contract which provides for advanced cover, | ||
(c) aged 18 years or over on the first day of the accounting period insured under a relevant contract which provides for non-advanced cover, and | ||
(d) aged 18 years or over on the first day of the accounting period insured under a relevant contract which provides for advanced cover, | ||
in respect of whom a relevant contract between the authorised insurer and the insured person, being the individual referred to in the definition of ‘insured person’, is renewed, or entered into, during the accounting period concerned.”, | ||
(g) in subsections (3), (4), (6), (7), (8), (10), (11) and (12) by substituting “subsection (2) or (2A)” for “subsection (2)” in each place, and | ||
(h) in subsection (12) by substituting the following for paragraphs (i) and (ii): | ||
“(i) the accounting period in which the second 12 months, or lesser period, of the relevant contract commences, and | ||
(ii) each further accounting period in which any subsequent 12 months, or lesser period, of the relevant contract commences.”. |