TaxSource Total

Here you can access relevant source documents which support the summaries of key tax developments in Ireland, the UK and internationally

Source documents include:

  • Chartered Accountants Ireland’s representations and submissions
  • published documents by the Irish Revenue, UK HMRC, EU Commission and OECD
  • other government documents

The source documents are displayed per year, per month, by jurisdiction and by title

Commencement Orders

S.I. No. 68 of 2009

FINANCE ACT 2007 (COMMENCEMENT OF SECTION 51(1)) ORDER 2009

I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 51(2) of the Finance Act 2007 (No. 11 of 2007) hereby order as follows:

  1. This Order may be cited as the Finance Act 2007 (Commencement of Section 51(1)) Order 2009
  2. Section 51(1) of the Finance Act 2007 (No. 11 of 2007) comes into operation on the day of the making of this Order.

GIVEN under my Official Seal,

27 February 2009

BRIAN LENIHAN.

Minister for Finance.

Notice of the making of this Statutory Instrument was published in“Iris Oifigiúil” of 6th March, 2009.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order brings into operation the provisions of section 51 of the Finance Act 2007. This section extends the qualifying period for relief under section 486B of the Taxes Consolidation Act 1997 to 31 December 2011.

Section 486B of the Taxes Consolidation Act 1997, provides tax relief for corporate investment in certain renewable energy projects, including those successful in the Alternative Energy Requirement competitions. To qualify for the relief the energy project must be in the solar, wind, hydro or biomass technology categories, and be approved by the Minister for Public Enterprise (now the Minister for Communications, Marine and Natural Resources). The investment in respect of which relief can be given is capped at the lesser of 50 per cent of all capital expenditure or €9.525 million for a single project. Investment by a company or group is capped at €12.7 million per annum and unless the shares are held for at least 5 years by the company the relief will be withdrawn.

S.I. No. 91 of 2009

FINANCE (NO. 2) ACT 2008 (COMMENCEMENT OF SECTION 37) ORDER 2009

I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 37(2) of the Finance (No. 2) Act 2008 (No. 25 of 2008), hereby order as follows:

  1. This order may be cited as the Finance (No. 2) Act 2008 (Commencement of Section 37) Order 2009.
  2. The day of making of this order is appointed as the day on which section 37 of the Finance (No. 2) Act 2008 (No. 25 of 2008) comes into operation.

GIVEN under my Official Seal,

23 March 2009

BRIAN LENIHAN,

Minister for Finance.

Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 27th March, 2009.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be alegal interpretation.)

This order brings into operation the provisions of section 37 Finance (No. 2) Act 2008.

That section provides for the extension, from three to seven categories of technology, of the scheme of accelerated capital allowances for expenditure incurred by companies on certain energy-efficient equipment for the purposes of the trade.

S.I. No. 97 of 2009

FINANCE (No. 2) ACT 2008 (COMMENCEMENT OF SECTION 28(1)) ORDER 2009

I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 28(2) of the Finance (No. 2) Act 2008 (No. 25 of 2008), hereby order as follows:

  1. This Order may be cited as the Finance (No. 2) Act 2008 (Commencement of Section 28(1)) Order 2009.
  2. The 1st day of January 2009 is appointed as the day on which section 28(1) of the Finance (No. 2) Act 2008 (No. 25 of 2008) comes into operation.

GIVEN under my Official Seal,

13 March 2009

BRIAN LENIHAN,

Minister for Finance.

Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 27th March, 2009.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order appoints 1st of January 2009 as the date for the coming into operation of section 28(1) of the Finance (No. 2) Act 2008. That section provides for an increase from 80% to 100% on the level of section 481 funding that can qualify for tax relief and also increases the annual amount that can be invested by an individual taxpayer from €31,750 to €50,000.

S.I. No. 98 of 2009

FINANCE ACT 2008 (COMMENCEMENT OF SECTION 32(1)(b)) ORDER 2009

I, BRIAN LENIHAN, Minister for Finance, in exercise of the powers conferred on me by section 32(2) of the Finance Act 2008 (No. 3 of 2008), hereby order as follows:

  1. This Order may be cited as the Finance Act 2008 (Commencement of Section 32(1)(b)) Order 2009.
  2. The 1st day of January 2009 is appointed as the day on which section 32(1)(b) of the Finance Act 2008 (No. 3 of 2008) comes into operation

GIVEN under my Official Seal,

13 March 2009

BRIAN LENIHAN,

Minister for Finance.

Notice of the making of this Statutory Instrument was published in “Iris Oifigiúil” of 27th March, 2009.

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

This Order appoints 1st of January 2009 as the date for the coming into operation of section 32(1)(b) of the Finance Act 2008 (No. 3 of 2008). That section provides for an increase in the cap on qualifying expenditure for section 481 film relief from €35 million to €50 million.