No 31 of 2010, Section 61, Link Report

Links from Section 61
Act	Linked to	Context
Value-Added Tax Consolidation Act 2010	sec0059.html	“deductible supplies or activities” means the supply of taxable goods or taxable services, or the carrying out of qualifying activities within the meaning of section 59(1);
Value-Added Tax Consolidation Act 2010	sec0059.html	(2) Where an accountable person engages in both deductible supplies or activities and non-deductible supplies or activities, then, in relation to the person’s acquisition of dual-use inputs for the purpose of that person’s business for a period, the person shall be entitled to deduct in accordance with section 59(2) only such proportion of tax, borne or payable on that acquisition, which is calculated in accordance with this section and regulations, as being attributable to his or her deductible supplies or activities and such proportion of tax is, for the purposes of this section, referred to as the “proportion of tax deductible”.
Value-Added Tax Consolidation Act 2010	sec0059.html	(3) For the purposes of this section, the reference in subsection (2) to “tax, borne or payable” shall, in the case of an acquisition of a qualifying vehicle (within the meaning of section 59(1)) be deemed to be a reference to “20 per cent of the tax, borne or payable”.
Value-Added Tax Consolidation Act 2010	sec0060.html	“dual-use inputs” means movable goods or services (other than goods or services on the purchase or acquisition of which, by virtue of section 60(2), a deduction of tax shall not be made, or services related to the development of immovable goods that are subject to Chapter 2) which are not used solely for the purposes of either deductible supplies or activities or non-deductible supplies or activities;
Links to Section 61 (from within TaxSource Total)
Act	Linked from	Context
Value-Added Tax Consolidation Act 2010	sec0038.html	(I) engages in the course or furtherance of business in non-deductible supplies or activities within the meaning of section 61(1), or
Value-Added Tax Consolidation Act 2010	sec0038.html	(I) engages in the course or furtherance of business in non-deductible supplies or activities within the meaning of section 61(1), or
Value-Added Tax Consolidation Act 2010	sec0059.html	(d) subject to section 61 and regulations (if any), 20 per cent of the tax charged to the accountable person by means of invoices or other documents prepared in the manner prescribed by regulations or by relevant customs documents, in respect of the purchase, hiring, intra-Community acquisition or importation of a qualifying vehicle, where that vehicle is used primarily for business purposes, being at least 60 per cent of the use to which that vehicle is put, and where the accountable person subsequently disposes of that vehicle the tax deducted by that person in accordance with this subsection shall be treated as if it were not deductible by that person for the purposes of paragraph 12(c) of Schedule 1,
Value-Added Tax Consolidation Act 2010	sec0062A.html	(2) Where subsection (1) applies, the accountable person shall reduce the amount of tax deductible by him or her, in the third taxable period following the initial period, by an amount calculated in accordance with the following formula, subject to any apportionment arising in accordance with section 61:
Value-Added Tax Consolidation Act 2010	sec0062A.html	(3) Where an accountable person has reduced the amount of tax deductible in a taxable period in accordance with subsection (2) and subsequently that accountable person pays the consideration, or part thereof, due to the supplier of the goods or services, that accountable person shall, in the taxable period in which that consideration, or part thereof, was paid, increase the amount of the tax deductible by him or her, by an amount calculated in accordance with the following formula, subject to any apportionment arising in accordance with section 61:
Value-Added Tax Consolidation Act 2010	sec0063.html	“deductible supplies or activities” has the meaning assigned to it by section 61;
Value-Added Tax Consolidation Act 2010	sec0095.html	(b) Paragraph (a) does not apply where a taxable person has made an adjustment in accordance with section 61(7) in respect of those goods.