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33 1968

FINANCE ACT, 1968

PART VII

Miscellaneous

Capital Services Redemption Account.

33. —(1) In this section—

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

the 1967 amending section” means section 24 of the Finance Act, 1967 ;

the eighteenth 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 1967 amending section shall, in relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of March, 1969, have effect with the substitution of “£2,000,850” for “£1,880,083”.

(3) Subsection (6) of the 1967 amending section shall have effect with the substitution of “£1,269,345” for “£1,216,320”.

(4) A sum of £2,453,200 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, 1969.

(5) The eighteenth 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 eighteenth additional annuity, not exceeding £1,586,900 in any financial year, may be applied towards defraying the interest on the public debt.

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

Relief on engineering services in relation to works outside State.

34. —(1) In this section “engineering services” means design and planning services the work on the rendering of which is carried out in the State in connection with chemical, civil, electrical or mechanical engineering works executed outside the State.

(2) In the case of a body corporate carrying on a trade which consists of or includes the rendering to another person of engineering services, the following provisions shall, if the body corporate so elects, apply for the purposes of relief from income tax under Chapter IV of Part XXV of the Income Tax Act, 1967 , and for the purposes of relief from corporation profits tax under Part III of the Finance (Miscellaneous Provisions) Act, 1956 :

(a) the body corporate shall be regarded as being a company where it would not otherwise be so regarded,

(b) the rendering of such services shall be regarded as the manufacture of goods and any amount receivable in payment therefor shall be regarded as an amount receivable from the sale of goods, and

(c) where such services are rendered to a person who is not resident in the State, the body corporate shall be regarded as having exported goods out of the State and any payment receivable by it for the services shall be regarded as an amount receivable from the sale of goods so exported.

(3) Any election under subsection (2) shall be made by notice in writing delivered to the inspector and shall have effect as respects every year of claim not being a year earlier than the year of assessment commencing on the 6th day of April, 1968, and every accounting period or part of an accounting period subsequent to the 5th day of April, 1968, for which relief under Chapter IV of Part XXV of the Income Tax Act, 1967 , or Part III of the Finance (Miscellaneous Provisions) Act, 1956 , is claimed by the body corporate by which it is made.

(4) The Revenue Commissioners may by notice in writing require a body corporate claiming relief from tax by virtue of subsection (2) to furnish them with such information or particulars as may be necessary for the purpose of giving effect to that subsection, and section 404 (1) of the Income Tax Act, 1967 , and section 13 (1) of the Finance (Miscellaneous Provisions) Act, 1956 , shall have effect as if the matters of which proof is required thereby included the information or particulars specified in a notice under this subsection.

(5) Subsection (2) shall have effect as on and from the 6th day of April, 1968, and, in the case of corporation profits tax, the Revenue Commissioners may, for the purposes of this section, make such apportionments as they consider appropriate where part of an accounting period is before and part on or after the 6th day of April, 1968:

Provided that where, before an election was made by it under this section, a body corporate has paid a dividend and the amount of income tax which it was entitled to deduct from the dividend exceeds the amount which, under section 410 (2) of the Income Tax Act, 1967 , it would have been entitled to deduct if the election had been made before the dividend was paid, any relief from income tax which would otherwise have been allowable shall be reduced by the amount of the excess.

(6) Where for any year of assessment the income of any person consists of, or includes, a dividend in relation to which the proviso to subsection (5) has had effect, the person shall be entitled to claim such repayment, if any, of income tax and sur-tax as will reduce his total liabilities to those taxes to what those liabilities would have been if income tax had been deducted from the dividend at the rate at which it would have been deductible if subsection (2) had had effect in relation to the body corporate at the time when the dividend was paid.

Relief to certain companies liable to foreign tax.

35. —(1) In this section—

accounting period” includes a part of an accounting period;

external tax” means a tax which is chargeable and payable under the law of the territory in which the paying company is resident, being a territory to which this section applies, and which corresponds to Irish tax:

Provided that a tax which is payable under the law of a province, state or other part of a country, or which is levied by or on behalf of a municipality or other local body shall not be deemed for the purposes of this subsection to correspond to Irish tax;

income”, in relation to corporation profits tax, means profits;

Irish tax” means Irish income tax or corporation profits tax or both of those taxes as the circumstances of the case may require.

(2) This section applies to every territory other than—

(a) Northern Ireland and Great Britain,

(b) the United States of America, and

(c) a territory with the Government of which arrangements are for the time being in force by virtue of section 361 of the Income Tax Act, 1967 .

(3) Where a company (in this section referred to as the investing company) has paid, by deduction or otherwise, or is liable to pay, by reference to any part of its income arising in a territory to which this section applies, Irish tax for any year of assessment or accounting period and it is shown to the satisfaction of the Revenue Commissioners—

(a) that the said part of the investing company's income consists of a dividend, or interest, paid to it by a company resident in the territory (in this section referred to as the paying company) not less than one-half of the voting power in which is controlled, directly or indirectly, by the investing company,

(b) that the said dividend, or interest, arose from the investment in the paying company by the investing company, whether by way of loan or otherwise, of a sum or sums representing—

(i) profits the Irish tax referable to which has been reduced to nil under Chapter IV of Part XXV of the Income Tax Act, 1967 , or under Part III of the Finance (Miscellaneous Provisions) Act, 1956 , or

(ii) such proportion of profits the Irish tax referable to which has been reduced otherwise than to nil under the said provisions as is equal to the proportion by which the said Irish tax has been so reduced,

and

(c) that the investing company has paid external tax in the said territory in respect of the said part of its income,

the Revenue Commissioners may grant to the investing company in respect of the said year of assessment, or accounting period, as the case may be, such relief as is just with a view to affording relief in respect of the double taxation of the said part of the investing company's income, but not exceeding whichever of the following is the lesser, that is to say, one-half of the total of the Irish tax that would, but for this section, be payable by the investing company in respect of the said part of its income or the amount of the external tax paid or payable in the said territory in respect of the said part of its income after deduction of any relief to which the company may be entitled in that territory.

(4) (a) External tax paid by the paying company in respect of its profits shall be taken into account in considering whether any, and if so, what relief ought to be allowed in respect of a dividend paid by the paying company to the investing company, and for the purposes of this section, other than this subsection, such tax, or the appropriate part thereof, shall be regarded as external tax paid by the investing company.

(b) The provisions of paragraph 9 of Schedule 10 to the Income Tax Act, 1967 , shall apply for the purpose of ascertaining the amount of the external tax paid by the paying company which is to be taken into account in relation to any dividend paid by the paying company to the investing company as they apply to the computation of foreign tax to be taken into account for the purposes of the said paragraph 9.

(5) (a) Nothing in this section shall authorise the granting of relief under this section to any company in respect of any year of assessment, or any accounting period, to such an extent as would reduce the aggregate amount (computed after deduction of any relief to which the company may be entitled in the said territory) of the Irish tax and external tax payable by such company in respect of any part of its income of the kind described in subsection (3) (a) arising in a territory to which this section applies below the amount of Irish tax which would be payable by the company in respect of the said part of its income if that part of its income had arisen in the State and had been liable in the hands of the investing company to income tax and corporation profits tax.

(b) In computing for the purposes of paragraph (a) the amount of Irish tax which would be so payable by the company in respect of the said part of its income if that part had arisen in the State—

(i) no deduction for external tax shall be made from the said part of its income, and

(ii) where pursuant to subsection (4) external tax paid by the paying company is regarded as external tax paid by the investing company, the said part of the investing company's income shall be treated as increased by the amount of the external tax which is so regarded.

(6) Sections 363 and 364 of the Income Tax Act, 1967 , shall have effect as if references therein to double taxation relief included references to relief granted under this section.

(7) Relief under this section shall be given as a credit against Irish tax chargeable by reference to the part of the investing company's income referred to in subsection (3) (a) and such credit shall first be applied in reducing the amount of any corporation profits tax so chargeable and, so far as it cannot be so applied, in reducing the income tax so chargeable.

(8) (a) Any claim for relief under this section shall be made in writing to the inspector not later than six years from the end of the year of assessment or accounting period to which it relates.

(b) An appeal to the Appeal Commissioners shall lie on any question arising under this section in like manner as an appeal would lie against an assessment to income tax, and the provisions of the Income Tax Acts relating to appeals shall apply and have effect accordingly.

(c) Where under the law in force in any territory to which this section applies, provision is made for the allowance, in respect of the payment of Irish tax, of relief from tax payable under that law, the obligation as to secrecy imposed by any enactment shall not prevent the disclosure to the authorised officer of the government of that territory of such facts as may be necessary to enable the proper relief to be given under the law thereof.

(9) Paragraph 5 (3) of Schedule 10 to the Income Tax Act, 1967 , is hereby amended by the insertion after “section 365” of “or section 35 of the Finance Act, 1968”.

(10) This section shall have effect in relation to income tax for the year beginning on the 6th day of April, 1968, and subsequent years of assessment and in relation to corporation profits tax for any accounting period beginning on or after the 6th day of April, 1968, and for the unexpired portion of any accounting period current at that date.

Relief in relation to transactions between associated companies.

36. —(1) In this section—

the airport” has the same meaning as in the Customs-free Airport Act, 1947 ;

company” has, for the purposes of income tax, the same meaning as in section 398 of the Income Tax Act, 1967 , and, for the purposes of corporation profits tax, the same meaning as in section 10 of the Finance (Miscellaneous Provisions) Act, 1956 ;

control” has the same meaning as in section 299 (6) of the Income Tax Act, 1967 ;

exempted trading operation” means a trading operation in respect of which there is in force a certificate given, before the 6th day of April, 1967, under section 3 (2) of the Finance (Miscellaneous Provisions) Act, 1958 , or, on or after that date, under section 374 (2) of the Income Tax Act, 1967 , and the said section 3 (2);

goods”, where is occurs in subsection (3), has, for the purposes of income tax, the same meaning as in Chapter IV of Part XXV of the Income Tax Act, 1967 , and, for the purposes of corporation profits tax, the same meaning as in Part III of the Finance (Miscellaneous Provisions) Act, 1956 ;

other trading operation” means a trading operation which is carried on wholly within the airport other than an exempted trading operation;

qualified company” has, for the purposes of income tax, the same meaning as in section 374 (1) of the Income Tax Act, 1967 , and, for the purposes of corporation profits tax, the same meaning as in section 3 (1) of the Finance (Miscellaneous Provisions) Act, 1958 .

(2) Where a qualified company (in this subsection referred to as the seller) which carries on a trade consisting partly of exempted trading operations and partly of other trading operations sells goods in the course of the other trading operations to a company (in this subsection referred to as the buyer) which carries on a trade in the State wholly outside the airport, and—

(a) the other trading operations would have been exempted trading operations if the goods had been exported out of the State by the seller, and

(b) the seller has control over the buyer or the buyer has control over the seller or some other person has control over both the buyer and the seller, and

(c) the goods are appropriated as trading stock of the buyer, and

(d) the goods are subjected by the buyer to a process of manufacture in the State, and

(e) the inspector is satisfied that the goods have been, or will be, exported out of the State by the buyer either as components of other goods or otherwise, and

(f) the other trading operations consist wholly of the sale of goods to the buyer and any goods sold by the buyer in the course of his trade (other than goods exported out of the State) are sold to the seller,

the profits or gains arising from, or losses sustained in, the other trading operations shall be deemed, notwithstanding section 374 (6) (a) of the Income Tax Act, 1967 , or section 3 (6) (a) of the Finance (Miscellaneous Provisions) Act, 1958 , or any certificate under section 3 (2) of the Finance (Miscellaneous Provisions) Act, 1958 , or under section 374 (2) of the Income Tax Act, 1967 , and the said section 3 (2), to arise from, or to be sustained in, exempted trading operations and Chapter I of Part XXV of the Income Tax Act, 1967 , and Part II of the Finance (Miscellaneous Provisions) Act, 1958 , shall apply accordingly.

(3) Where a company (in this subsection referred to as the seller) which is not a qualified company sells goods to a person (in this subsection referred to as the buyer) who is either a qualified company which carries on a trade consisting partly of exempted trading operations and partly of other trading operations or a company which carries on a trade in the State wholly outside the airport, and—

(a) the seller would have been entitled to claim relief under Chapter IV of Part XXV of the Income Tax Act, 1967 , or Part III of the Finance (Miscellaneous Provisions) Act, 1956 , in respect of the profit attributable to the sale of the goods if they had been exported out of the State, and

(b) the seller has control over the buyer or the buyer has control over the seller or some other person has control over both the buyer and the seller, and

(c) the goods are appropriated as trading stock of the buyer, and

(d) the goods are subjected by the buyer to a process of manufacture in the State, and

(e) the inspector is satisfied that the goods have been, or will be, exported out of the State by the buyer either as components of other goods or otherwise, and

(f) any goods sold by the seller in the course of his trade (other than goods exported out of the State) are sold to the buyer and any goods sold by the buyer in the course of his trade (other than goods exported out of the State) are sold to the seller,

Chapter IV of Part XXV of the Income Tax Act, 1967 , and Part III of the Finance (Miscellaneous Provisions) Act, 1956 , shall apply as if the goods had been exported out of the State by the seller and any amount receivable by the seller from the sale of the goods to the buyer shall be deemed to be an amount receivable from the sale of goods so exported.

(4) This section shall have effect as on and from the 6th day of April, 1968, and, in the case of corporation profits tax, the Revenue Commissioners may, for the purposes of this section, make such apportionments as they consider appropriate where part of an accounting period is before and part on or after the 6th day of April, 1968.

Relief for payments in respect of redundancy.

37. —(1) In this section “lump sum”, “rebate” and “weekly payment” have the same meanings as in the Redundancy Payments Act, 1967 .

(2) Any lump sum or weekly payment and any payment to or on behalf of an employed or unemployed person pursuant to regulations under section 46 of the Redundancy Payments Act, 1967 , shall be exempt from income tax under Schedule E.

(3) Where a lump sum is paid by an employer in respect of employment wholly in a trade or profession carried on by the employer, and within the charge to income tax or corporation profits tax, the amount of the lump sum shall (if not otherwise so allowable) be allowable as a deduction in computing for the purposes of Schedule D the profits or gains or losses of the trade or profession, but if it is so allowed by virtue of this section the amount of the rebate recoverable shall (if it is not otherwise to be so treated) be treated as a receipt to be brought into account in computing those profits or gains; and, if the lump sum was paid after the discontinuance of the trade or profession, the net amount so deductible shall be treated as if it were a payment made on the last day on which the trade or profession was carried on.

(4) Where a lump sum is paid by an employer in respect of employment wholly in a business carried on by the employer, and expenses of management of the business are eligible for relief under section 214 of the Income Tax Act, 1967 , the amount by which the lump sum exceeds the amount of the rebate recoverable shall (if not otherwise so allowable) be allowable as expenses of management eligible for relief under that section; and, if the lump sum was paid after the discontinuance of the business, the net amount so allowable shall be treated as if it were expenses of management incurred on the last day on which the business was carried on.

(5) Where a lump sum is paid by an employer in respect of employment wholly in maintaining or managing premises the expenses of maintaining or managing which were deductible under section 81 of the Income Tax Act, 1967 , the amount by which the lump sum exceeds the amount of the rebate recoverable shall (if not otherwise allowable under that section) be treated for the purposes of the said section 81 as a payment made by the employer in respect of the maintenance or management of the premises; and, if the payment was made after the latest time when it could be taken into account under the said section 81 as a payment in respect of the maintenance or management of the property, it shall be treated as having been made at that time.

(6) Relief shall not be given under subsections (3), (4) and (5), or otherwise, more than once in respect of any lump sum, and, if the employee was being employed by the employer in such a way that different parts of the employee's remuneration fell for income tax, sur-tax or corporation profits tax purposes to be treated in different ways, the amount by which the lump sum exceeds the amount of the rebate recoverable shall be apportioned to the different capacities in which the employee was employed, and the said subsections (3), (4) and (5) shall apply separately to the employment in those capacities, and by reference to the apportioned part of the said amount, instead of by reference to the full amount of the lump sum and the full amount of the rebate.

(7) Where, under section 32 of the Redundancy Payments Act, 1967 , a payment of the whole or a part of a lump sum is made by the Minister for Labour, the payment shall, so far as the employer has reimbursed that Minister, be deemed for the purposes of this section to have been made by the employer.

(8) For the purposes of this section a source of income is within the charge to income tax or corporation profits tax if that tax is chargeable on the income arising from it, or would be so chargeable if there were any such income.

(9) This section shall apply as respects payments made on or after the 1st day of January, 1968, and as respects tax for past years of assessment and accounting periods, and relief from tax may be given accordingly by repayment or otherwise.

Amendment of section 251 of Income Tax Act, 1967.

38. —The following subsection is hereby substituted for section 251 (4) of the Income Tax Act, 1967 :

“(4) Notwithstanding anything in the preceding provisions of this section, this Chapter shall have effect—

(a) in relation to capital expenditure incurred on or after the 14th day of December, 1961, and before the 1st day of April, 1967, as if ‘two-fifths’ were substituted for ‘one-fifth’ in subsection (1),

(b) in relation to capital expenditure incurred on or after the 1st day of April, 1967, and before the 1st day of April, 1968, as if ‘one-half’ were substituted for ‘one-fifth’ in subsection (1), and

(c) in relation to capital expenditure incurred on or after the 1st day of April, 1968, and before the 1st day of April, 1971, as if ‘three-fifths’ were substituted for ‘one-fifth’ in subsection (1).”.

Amendment of section 254 of Income Tax Act, 1967.

39. Section 254 (2) of the Income Tax Act, 1967 , is here by amended by the substitution of “the 1st day of April, 1971” for “the 1st day of April, 1968”.

Repeal of Corporation Duty.

40. —The duty imposed by section 11 of the Customs and Inland Revenue Act, 1885, in respect of the property of certain corporate and unincorporated bodies shall not be charged for any yearly period beginning after the 5th day of April, 1968.

Investment accounts in trustee savings banks.

41. —(1) In this section—

investment account” means an account in which a person deposits moneys with a trustee savings bank and which is opened by the bank in pursuance of a consent of the Minister under section 3 of the Trustee Savings Banks Act, 1965 ;

the Minister” means the Minister for Finance.

(2) Notwithstanding anything contained in any other enactment, the rate of interest payable on a deposit paid into an investment account with a trustee savings bank shall be such rate as the Minister may from time to time determine.

(3) The trustees of every trustee savings bank shall pay into a special account in the name of the Minister all moneys received by them in respect of deposits in investment accounts less any moneys withdrawn from such accounts and any moneys retained by them (pursuant to authorisations in that behalf given from time to time by the Minister) to meet anticipated withdrawals from such accounts.

(4) The Minister may make provision for the opening of the said special account in his name and may make regulations for the payment of moneys into that special account in pursuance of this section and the withdrawal of moneys therefrom and for the investment of moneys to the credit of the said special account and generally for the management of the said special account.

(5) Regulations made by the Minister under the next preceding subsection of this section in relation to the special account mentioned in that subsection may provide that investments of moneys to the credit of the said special account may be made by way of deposit in the Post Office Savings Bank and if such regulations so provide they may further make such provisions as shall be requisite for the payment by the Post Office Savings Bank of interest on moneys so deposited at such rate and over such periods as may, in the opinion of the Minister, be necessary or expedient for the effective administration of the relevant provisions of this section and the regulations made thereunder.

(6) Provisions inserted under the next preceding subsection of this section in the regulations mentioned in that subsection shall have effect notwithstanding anything to the contrary or inconsistent there-with contained in any enactment applied by this Act to the Post Office Savings Bank.

(7) There shall be paid by the Minister to the trustees of every trustee savings bank interest at such rate as may be determined by the Minister from time to time on moneys paid into the special account opened pursuant to this section.

(8) The reference in section 337 (1) (b) of the Income Tax Act, 1967 , to the special account opened in pursuance of section 31 (3) of the Finance Act, 1940 , shall be construed as including a reference to the special account opened in pursuance of this section.

(9) The reference in section 344 of the Income Tax Act, 1967 , to deposits with a trustee savings bank shall be construed as not including a reference to a deposit in an investment account with a trustee savings bank.

Provisions in relation to schemes for free television and radio licences.

42. —(1) Payments received by the Minister for Posts and Telegraphs from a Minister of State out of moneys provided by the Oireachtas under a scheme for the provision, free of charge, of licences under section 5 of the Wireless Telegraphy Act, 1926 , in respect of television and radio sets shall, for the purposes of section 2 of the Broadcasting Authority (Amendment) Act, 1966 , be deemed to be receipts in respect of broadcasting licence fees.

(2) Where a licence under the said section 5 in respect of a television or radio set is in force and is surrendered by the holder of the licence under a scheme hereinbefore mentioned, a refund of such part of the fee paid in respect of the licence as may be specified in directions given by the Minister for Posts and Telegraphs may be made in accordance with such directions as may be given by that Minister.

(3) If this Act is passed before or on the 1st day of July, 1968, subsections (1) and (2) of this section shall come into operation on that day, and, if it is passed after that day, it shall be deemed to have come into operation on that day.

Restriction of Finance (Excise Duties) (Vehicles) Act, 1952.

43. —(1) Where a person shows to the satisfaction of the licensing authority that, in consequence of injury, disease or defect, he is wholly, or almost wholly, without the use of each of his legs, the duty imposed by section 1 of the Finance (Excise Duties) (Vehicles) Act, 1952 , shall not be charged or levied in respect of a vehicle specially constructed or adapted for use by the person as driver and used by him either as driver or passenger.

(2) The duty imposed by section 1 of the said Finance (Excise Duties) (Vehicles) Act, 1952 , shall not be charged or levied on vehicles (including any cycle with an attachment for propelling it by mechanical power) not exceeding 6 cwt. in weight unladen adapted and used for invalids.

(3) If this Act is passed before or on the 1st day of July, 1968, subsections (1) and (2) of this section shall come into operation on that day and, if it is passed after that day, they shall be deemed to have come into operation on that day.

(4) The appropriate repayments shall be made having regard to the provisions of the preceding subsections of this section and the repayments shall be made in accordance with such directions as may be given by the Minister for Local Government.

Amendment of Part II of Schedule to Finance (Excise Duties) (Vehicles) Act, 1952.

44. —(1) Part II of the Schedule to the Finance (Excise Duties) (Vehicles) Act, 1952 , is hereby amended by the substitution of the following subparagraph for subparagraph (3) of paragraph 1:

“(3) (a) Where a vehicle (in this subparagraph referred to as the first-mentioned vehicle) has another vehicle or an attachment in the nature of a vehicle (in this subparagraph referred to as the second-mentioned vehicle) attached to and partly superimposed upon it, the first-mentioned vehicle and the second-mentioned vehicle shall, for the purposes of Part I of this Schedule, be deemed to form and be a single vehicle and the first-mentioned vehicle shall not, by reason merely of the attachment thereto of the second-mentioned vehicle, be deemed to be a tractor or a vehicle drawing a trailer.

(b) Clause (a) of this subparagraph shall not apply in any case in which all of the following conditions are complied with:—

(i) the first-mentioned vehicle does not exceed four tons in weight unladen, and the second-mentioned vehicle does not exceed four tons in weight unladen,

(ii) the first-mentioned vehicle does not have a suitable and adequate system of flexible suspension between each wheel (being a wheel the tyre of which is in contact with the ground when the vehicle is in motion) and the frame or body of the vehicle,

(iii) the first-mentioned vehicle and the second-mentioned vehicle are specially designed for, and mainly used in, operations which necessitate working on rough ground or unmade roads,

(iv) all the wheels (being wheels the tyres of which are in contact with the ground when the vehicle is in motion) of the first-mentioned vehicle and of the second-mentioned vehicle are equipped with pneumatic tyres, and

(v) the first-mentioned vehicle does not, whether used by itself or with the second-mentioned vehicle attached to it, proceed at a speed exceeding twenty miles per hour at any time during the period of validity of the licence under section 1 of this Act in respect of the first-mentioned vehicle.”.

(2) If this Act is passed before or on the 1st day of July, 1968, subsection (1) of this section shall come into operation on that day and, if it is passed after that day, it shall be deemed to have come into operation on that day.

(3) The appropriate repayments shall be made having regard to the provisions of the preceding subsections of this section and the repayments shall be made in accordance with such directions as may be given by the Minister for Local Government.

Repeal.

45. —Subparagraphs (a) and (b) of paragraph 6 of Part I of the Schedule to the Finance (Excise Duties) (Vehicles) Act, 1952 , are hereby repealed.

Provisions in relation to Imposition of Duties (No. 170) (Excise Duties) (Vehicles) Order, 1968.

46. —(1) The Imposition of Duties (No. 170) (Excise Duties) (Vehicles) Order, 1968, is hereby confirmed.

(2) The appropriate repayments shall be made having regard to the provisions of the Order aforesaid in accordance with such directions as may be given by the Minister for Local Government.

Care and management of taxes and duties.

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

Short title, construction and commencement.

48. —(1) This Act may be cited as the Finance Act, 1968.

(2) Part I and (so far as relating to income tax, including sur-tax) sections 34 to 39 and section 41 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, so far as it relates to duties of excise, shall be construed together with the Statutes which relate to the duties of excise and the management of those duties.

(4) Part IV and (so far as relating to corporation profits tax) sections 34 to 39 of this Act shall be construed together with Part V of the Finance Act, 1920, and the enactments amending or extending that Part.

(5) Part I and sections 34 to 39 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, 1968.

(6) 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.