PART VI

Miscellaneous

51. —(1) In this section—

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

“the 1970 amending section” means section 52 of the Finance Act, 1970 ;

“the twenty-first additional annuity” means the sum charged on the Central Fund under subsection (4) of this section;

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

(2) Subsection (4) of the 1970 amending section shall, in relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of March, 1972, have effect with the substitution of “£3,578,220” for “£3,590,509”.

(3) Subsection (6) of the 1970 amending section shall have effect with the substitution of “£2,258,759” for “£2,322,880”.

(4) A sum of £3,815,802 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 March, 1972.

(5) The twenty-first 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 twenty-first additional annuity, not exceeding £2,456,314 in any financial year, may be applied towards defraying the interest on the public debt.

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

52. — Section 41 of the Finance Act, 1925 , is hereby amended—

(a) by the substitution of “twenty-five pounds” for “one pound” in subsection (1),

(b) by the insertion in subsection (2) after “imposed by” of “subsection (1) of”, and

(c) by the insertion after subsection (2) of the following subsections:

“(3) In lieu of the duty imposed by subsection (1) of this section, an excise duty of three pounds shall be charged, levied and paid on the occasions hereinafter mentioned on and by every person who after the passing of the Finance Act, 1971, becomes registered in any register of firearms dealers established and kept under the Firearms Act, 1925 , and whose registration is made subject to the condition that he confines his dealings asa firearms dealer to the purchase and sale of ammunition for shotguns, for unrifled air guns and for rifled firearms of a calibre not exceeding.22 inches.

(4) The excise duty imposed by subsection (3) of this section shall be charged, levied and paid upon registration in any such register as aforesaid subject to the condition aforesaid and also upon every renewal of any such registration.”.

53. — In the case of persons dying after the passing of this Act, each enactment specified in column (2) of the Third Schedule to this Act is hereby repealed to the extent specified in column (3) of that Schedule.

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, 1971.

(2) Part I of this Act shall be construed together with the Income Tax Acts.

(3) Part II of this Act, so far as it relates to customs, shall be construed together with the Customs Acts and the said Part II, so far as it relates to duties of excise, and section 52 shall be construed together with the statutes which relate to the duties of excise and the management of those duties.

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

(5) Part V of this Act shall be construed together with Part V of the Finance Act, 1920, and the enactments amending or extending that Part.

(6) Part I of this Act 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, 1971.

(7) 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.