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15 1933

FINANCE ACT, 1933

PART I.

Income tax and Sur-tax.

Income tax and sur-tax for the year 1933-34.

1. —(1) Income tax shall be charged for the year beginning on the 6th day of April, 1933, at the rate of five shillings in the pound.

(2) Sur-tax for the year beginning on the 6th day of April, 1933, shall be charged in respect of the income of any individual the total of which from all sources exceeds one thousand five hundred pounds and shall be so charged at the same rates as those at which it was charged for the year beginning on the 6th day of April, 1932.

(3) The several statutory and other provisions which were in force during the year beginning on the 6th day of April, 1932, in relation to income tax and sur-tax shall, subject to the provisions of this Act, have effect in relation to the income tax and sur-tax to be charged as aforesaid for the year beginning on the 6th day of April,1933.

Further relief in respect of certain double residents.

2. —Where the Revenue Commissioners are satisfied in respect of any person—

(a) that such person is entitled under article 2 of the Agreement set out in the First Schedule to the Finance Act, 1928 (No. 11 of 1928), to be allowed relief from double taxation for any particular year, and

(b) that the principal place of abode of such person for the said year was situate in Great Britain or Northern Ireland, and

(c) that such person did not in the said year spend in the aggregate more than six months in Saorstát Eireann, and

(d) that the total amount of income tax and sur-tax (including British as well as Saorstát Eireann income tax and sur-tax) payable by such person for the said year after deduction of all such relief from double taxation as aforesaid exceeds the total amount of British income tax and sur-tax which would have been payable by such person for the said year if he had not been resident in Saorstát Eireann for that year,

the Revenue Commissioners may grant to such person such further relief from Saorstát Eireann income tax and sur-tax as in their opinion is just, but not exceeding the amount by which the total amount of income tax and sur-tax (including British as well as Saorstát Eireann income tax and sur-tax) mentioned in the foregoing paragraph (d) of this section exceeds the total amount of British income tax and sur-tax mentioned in that paragraph.

Relief in the case of statutory deductions from remuneration.

3. —If an Act is passed (whether before or after the passing of this Act) by the Oireachtas in the financial year beginning on the 1st day of April, 1933, authorising the making of particular deductions from particular moneys earned by and payable to any particular class or classes of persons during the said financial year, such Act shall, for the purpose of computing an assessment under Schedule E of the Income Tax Act, 1918, on any member of such particular class or any of such particular classes, be deemed to have been in operation in respect of the financial year beginning on the 1st day of April, 1932.