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R is the rate per cent specified in section 21, and

R is the rate per cent specified in section 21(1), and

(a) where income that is chargeable to tax at the rate specified in section 21(1) for the accounting period is treated under paragraph 7(3)(c) as reduced, an amount determined by the formula—

R is the rate per cent specified in section 21(1), and

(a) where the relevant dividend is subject to corporation tax at the rate specified in section 21(1), an amount determined by the formula—

(i) the rate per cent specified in section 21(1), or

(b) Where a capital allowance equal to an appropriate share of a joint allowance would be made, if section 21(2) had not been enacted, in charging to income tax the profits of a company’s several trade for any year of assessment, the relevant amount shall for corporation tax purposes be treated as a trading expense of the company’s several trade for any accounting period of the company any part of which falls within that year of assessment.

(c) Where a balancing charge equal to an appropriate share of a joint charge would be made, if section 21(2) had not been enacted, in charging to income tax the profits of a company’s several trade for any year of assessment, the relevant amount shall for corporation tax purposes be treated as a trading receipt of the company’s several trade for any accounting period of the company any part of which falls within that year of assessment.

(1) Subject to section 21, every body of persons shall be chargeable to income tax in the like manner as any person is chargeable under the Income Tax Acts.

(3) (a) Notwithstanding section 21, but subject to subsection (4) but subject to subsection (4) and section 21B, corporation tax shall be charged on the profits of companies, in so far as those profits consist of income chargeable to corporation tax under Case III, IV or V of Schedule D or of income of an excepted trade, at the rate of 25 per cent for the financial year 2000 and subsequent financial years.

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period.

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period,

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period.

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period, shall be treated for the purposes of the Tax Acts as an amount of loss relieved against profits of that accounting period.

R is the rate per cent specified in section 21 in relation to the accounting period.

R is the rate per cent of corporation tax which, by virtue of section 21, applies in relation to the accounting period.

B is the rate per cent specified in section 21(1)(f);

R is the rate of corporation tax for the accounting period concerned and to which section 21 relates, but where part of the accounting period falls in one financial year and the other part falls in the financial year succeeding the first-mentioned financial year, R shall be determined by applying the formula specified in section 78(3)(b), and

(4) Relief under subsection (1) shall not be given to any such company in so far as it would, if given in addition to all other reliefs to which the company is entitled, reduce the corporation tax borne by the company on the income and gains of its life business for any accounting period to less than would have been paid if the company had been charged to tax at the rate specified in section 21(1) in respect of that business under Case I of Schedule D and, where relief has been withheld in respect of any accounting period by virtue of this subsection, the excess to be carried forward by virtue of section 83(3) shall be increased accordingly.

(ii) throughout each subsequent financial year, the rate of corporation tax specified in section 21(1) for that financial year,

(d) where for an accounting period the expenses of management (within the meaning of section 83 as applied by section 707), deductible exceeds the amount of profits from which they are deductible, the reference in paragraph (c)(i) to 40 per cent shall be a reference to the rate of corporation tax referred to in section 21(1) for the financial year 1999.

(3) Notwithstanding sections 21(1) and 21A and subject to subsection (6)(b), corporation tax shall be charged in respect of the part specified in subsection (6)(a) of unrelieved profits of an accounting period of an assurance company from investments referable to life business, other than special investment business, at the rate determined by the formula—

(c) In computing profits for the purposes of paragraph (b), section 78(2) shall apply as if the rate per cent of capital gains tax specified in section 28(3), were the rate per cent of corporation tax specified in section 21(1)(b) the rate per cent of corporation tax specified in section 21(1).

(i) any chargeable gain accruing on the disposal shall, notwithstanding section 21(3), be treated as if it were the net amount of a gain from the gross amount of which capital gains tax has been deducted at the standard rate of income tax rate of 30 per cent,

(3) (a) The amount referred to in subsection (1) shall be an amount which, if (before making any deduction from the amount) it were charged to corporation tax as profits of the company arising in the accounting period at the rate specified in section 21(1), would produce an amount of corporation tax equal to the amount of capital gains tax calculated for that accounting period in accordance with subsection (2).

(b) For the purposes of paragraph (a), where part of the accounting period falls in one financial year (in this paragraph referred to as the “first-mentioned financial year”) and the other part falls in the financial year succeeding the first-mentioned financial year and different rates are in force under section 21(1) for each of those years, “the rate specified in section 21(1)” shall be deemed to be a rate per cent determined by the formula—

(b) For the purposes of paragraph (a), where part of the accounting period falls in one financial year (in this paragraph referred to as the “first-mentioned financial year”) and the other part falls in the financial year succeeding the first-mentioned financial year and different rates are in force under section 21(1) for each of those years, “the rate specified in section 21(1)” shall be deemed to be a rate per cent determined by the formula—

(a) the corporation tax that would be charged at the rate specified in section 21(1)(f) on that part of the corresponding chargeable profits in the State for the accounting period which would consist of profits chargeable to tax under Case I or II of Schedule D,

(a)section 21(1)(f), in so far as the undistributed income attributable to the relevant Irish activities would be chargeable to tax under Case I of Schedule D, had it been income accruing to the chargeable company, and

(a) to section 21(2) and to that section as modified by sections 24(2) and 25(3), and