Next (PART I. Income Tax.)

18 1944

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Number 18 of 1944.


FINANCE ACT, 1944.


ARRANGEMENT OF SECTIONS

PART I.

Income Tax.

Section

1.

Income tax and sur-tax for year 1944-45.

2.

Amendment of Rule 6 of the Rules applicable to Cases I and II of Schedule D.

3.

Amendments of enactments consequent upon the substitution in county boroughs and the borough of Dun Laoghaire of the municipal rate for the poor rate and certain other rates.

4.

Exemption of children's allowance from income tax and reduction of deductions under section 21 of the Finance Act, 1920.

5.

Amendment of section 22 of the Finance Act, 1920.

6.

Amendment of section 3 of the Finance Act, 1925.

7.

Exemption in respect of certain profits from sweepstakes organised by the Irish Red Cross Society.

8.

Emergency allowances in respect of certain machinery or plant.

9.

Schedule D and Schedule E Assessment Districts.

10.

Publication of reports of case stated.

PART II.

Corporation Profits Tax.

11.

Definition in this Part of this Act.

12.

Meaning of word “remuneration” in relation to a director.

13.

Provisions in respect of deductions for the remuneration of directors in relation to excess corporation profits tax.

14.

Subsidiary companies.

15.

Transactions designed to avoid liability to corporation profits tax.

16.

Standard profits of certain new companies.

17.

Continuance of certain exemptions.

18.

Construction of this Part of this Act.

PART III.

Miscellaneous and General.

19.

Amendment of section 34 of the Finance Act, 1931.

20.

Transfer of money from the Road Fund to the Exchequer.

21.

Power of Minister for Finance to direct transfer of assets of wound-up funds to the Savings Certificates Reserve Fund.

22.

Care and management of taxes and duties.

23.

Short title, construction and commencement.

SCHEDULE.

Amendments of enactments consequent upon the substitution in county boroughs and the borough of Dun Laoghaire of the municipal rate for the poor rate and certain other rates.


Acts Referred to

Finance Act, 1941

No. 14 of 1941

Local Government (Dublin) Act, 1930

No. 27 of 1930

Limerick City Management Act, 1934

No. 35 of 1934

Waterford City Management Act, 1939

No. 25 of 1939

Cork City Management (Amendment) Act, 1941

No. 5 of 1941

Children's Allowances Act, 1944

No. 2 of 1944

Finance Act, 1938

No. 25 of 1938

Public Hospitals Act, 1933

No. 18 of 1933

Public Hospitals (Amendment) (No. 2) Act, 1939

No. 29 of 1939

Finance Act, 1942

No. 14 of 1942

Emergency Powers Act, 1939

No. 28 of 1939

Finance Act, 1929

No. 32 of 1929

Finance Act, 1931

No. 31 of 1931

Finance Act, 1932

No. 20 of 1932

Finance Act, 1943

No. 16 of 1943

Finance Act, 1925

No, 28 of 1925

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Number 18 of 1944.


FINANCE ACT, 1944.


AN ACT TO CHARGE AND IMPOSE CERTAIN DUTIES OF INLAND REVENUE, TO AMEND THE LAW RELATING TO INLAND REVENUE, AND TO MAKE FURTHER PROVISIONS IN CONNECTION WITH FINANCE. [11th July, 1944.]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—