PART VI

Miscellaneous

51. —(1) In this section—

“the principal section” means section 22 of the Finance Act, 1950 ;

“the 1986 amending section” means section 111 of the Finance Act, 1986 ;

“the thirty-seventh additional annuity” means the sum charged on the Central Fund under subsection (4);

“the Minister”, “the Account” and “capital services” have the same meanings respectively as they have in the principal section.

(2) In relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of December,1987, subsection (4) of the 1986 amending section shall have effect with the substitution of “£42,934,622 ” for “£41,472,176”.

(3) Subsection (6) of the 1986 amending section shall have effect with the substitution of “£32,503,814 ” for “£31,876,450”.

(4) A sum of £45,510,049 to redeem borrowings, and interest thereon, in respect of capital services shall be charged annually on the Central Fund or the growing produce thereof in the thirty successive financial years commencing with the financial year ending on the 31st day of December, 1987.

(5) The thirty-seventh additional annuity shall be paid into the Account in such manner and at such times in the relevant financial year as the Minister may determine.

(6) Any amount of the thirty-seventh additional annuity, not exceeding £34,980,050 in any financial year, may be applied towards defraying the interest on the public debt.

(7) The balance of the thirty-seventh additional annuity shall be applied in any one or more of the ways specified in subsection (6) of the principal section.

52. — Section 162 of the Income Tax Act, 1967 , is hereby amended by the substitution, in subsection (3), of the following paragraphs for paragraphs (a) and (b):

“(a) The Revenue Commissioners may nominate persons to exercise on behalf of the Collector-General and at his direction any or all of the powers and functions conferred upon him by any of the provisions of the Tax Acts.

(b) Those powers and functions, as well as being exercisable by the Collector-General, shall also be exercisable on his behalf and at his direction by persons nominated under this subsection.”.

53. —Section 21 of the Inland Revenue Regulation Act, 1890, is hereby amended by the substitution of the following subsection for subsection (1):

“(1) It shall not be lawful to commence proceedings against any person for the recovery of any fine, penalty, or forfeiture under any Act relating to Inland Revenue, or for the condemnation of any goods seized as forfeited under any such Act, except in the name of an officer or in the name of the Attorney General or in the name of the Director of Public Prosecutions.”.

54. —All taxes and duties imposed by this Act are hereby placed under the care and management of the Revenue Commissioners.

55. —(1) This Act may be cited as the Finance Act, 1987.

(2) Part I (so far as relating to income tax) shall be construed together with the Income Tax Acts and (so far as relating to corporation tax) shall be construed together with the Corporation Tax Acts.

(3) Part II (so far as relating to customs) shall be construed togetherwith the Customs Acts and (so far as relating to duties of excise) shall be construed together with the statutes which relate to the duties of excise and to the management of those duties.

(4) Part III shall be construed together with the Value-Added Tax Acts, 1972 to 1986, and may be cited together therewith as the Value-Added Tax Acts, 1972 to 1987.

(5) Part IV shall be construed together with the Stamp Act, 1891, and the enactments amending or extending that Act.

(6) Part V shall be construed together with the Capital Acquisitions Tax Act, 1976 , and the enactments amending or extending that Act.

(7) Part I shall, save as is otherwise expressly provided therein, be deemed to have come into force and shall take effect as on and from the 6th day of April, 1987.

(8) In Part III , sections 40 and 42 shall be deemed to have come into force and shall take effect as on and from the 1st day of May, 1987, section 39 (a) (ii) shall be deemed to have come into force and shall take effect as on and from the 6th day of June, 1987, sections 46 and 47 shall be deemed to have come into force and shall take effect as on and from the 1st day of July, 1987, and sections 41 and 45 shall come into force on the 1st day of November, 1987.

(9) Any reference in this Act to any other enactment shall, except so far as the context otherwise requires, be construed as a reference to that enactment as amended by or under any other enactment including this Act.

(10) In this Act, a reference to a Part, section or Schedule is to a Part or section of, or Schedule to, this Act, unless it is indicated that reference to some other enactment is intended.

(11) In this Act, a reference to a subsection, paragraph or subparagraph is to the subsection, paragraph or subparagraph of the provision (including a Schedule) in which the reference occurs, unless it is indicated that reference to some other provision is intended.