Finance Act, 1976

FIRST SCHEDULE

Amendment of Enactments

Section 10 .

PART I

Amendments Consequential on Changes in Personal Reliefs

The Income Tax Act, 1967 , is hereby amended in accordance with the following provisions of this paragraph:

(i) In section 138—

(a) in subsection (1), for “£920”, in each place where it occurs, there shall be substituted “£1,010”, for “£575” there shall be substituted “£620”, and for “£1,035” there shall be substituted “£1,125”,

(b) in subsection (2), for “£575”, in each place where it occurs, there shall be substituted “£620”, and for “£635” there shall be substituted “£685”.

(ii) In section 141, in subsection (1A), for “£230” there shall be substituted “£240” and for “£310”, in each place where it occurs, there shall be substituted “£320”.

PART II

Amendments Consequential on Certain Amendments of Value-Added Tax Act, 1972

Section 61.

Number and Year

Short Title

Amendment

(1)

(2)

(3)

No. 22 of 1972

Value-Added Tax Act, 1972 .

In section 1 (1) the following definition shall be inserted:

“‘fur skin’ means any skin with the fur, hair or wool attached except skin of woolled sheep or lamb;”.

In section 3 (5) (b) “either of the rates” shall be substituted for “the rate”.

In section 10 (2A) (b) (ii) (inserted by the Finance Act, 1975 ) “either of the rates” shall be substituted for “the rate”.

In section 10

(a) in subsection (7), “10 per cent.” shall be substituted for “14·81 per cent.” (inserted by the Finance Act, 1973 ), and

(b) in subsection (8) (b), “30 per cent.” shall be substituted for “45 per cent.” (inserted by the Finance Act, 1973 ).

In section 11—

(a) in subsection (2) (b) (inserted by the Finance Act, 1975 ) “a rate” shall be substituted for “the rate”, and

(b) in subsection (3), “paragraph (xxix)” shall be substituted for “paragraph (xxxii)”.

In section 15—

(a) in subsection (1), the following paragraph shall be substituted for paragraph (b):

“(b) (i) on goods of a kind specified in Part I of the Fourth Schedule at the rate specified in section 11 (1) (c) (i) on the value of the goods,

(ii) on goods of a kind specified in Part II of the Fourth Schedule at the rate specified in section 11 (1) (c) (ii) on the value of the goods, and”,

and

(b) in subsection (4) (b), “10 per cent.” shall be substituted for “14·81 per cent.” (inserted by the Finance Act, 1973 ).