Finance Act, 1984

Amendment of Chapter VI (manufacturing companies) of Part I of Finance Act, 1980.

45.Chapter VI of Part I of the Finance Act, 1980 , is hereby amended—

(a) by the substitution in section 38 for the definition of “relevant accounting period” of the following definition:

“‘relevant accounting period’ means an accounting period or part of an accounting period of a company falling within the period from the 1st day of January, 1981 (or, where subsection (1CC) of section 39 applies, the 13th day of April, 1984) to the 31st day of December, 2000;”,

and

(b) by the insertion in section 39 after subsection (1C) (inserted by the Finance Act, 1981 ) of the following subsection:

“(ICC) (a) In this subsection ‘computer services’ means either or both of the following, that is to say:

(i) data processing services, and

(ii) software development services,

the work on the rendering of which is carried out in the State in the course of a service undertaking in respect of which an employment grant was made by the Industrial Development Authority under section 2 of the Industrial Development (No. 2) Act, 1981 .

(b) The following provisions shall apply for the purposes of relief under this Chapter in relation to a company carrying on a trade which consists of or includes the rendering of computer services:

(i) the rendering of the computer services shall be regarded as the manufacture within the State of goods,

(ii) any amount receivable in payment for the rendering of the computer services shall be regarded as an amount receivable from the sale of goods, and

(iii) subsection (1D) shall have effect as respects the company in relation to a claim by it for relief from tax by virtue of this subsection as it has effect as respects a company in relation to a claim by it for relief from tax by virtue of subsection (1B) or (1C).”.