PART VII

Miscellaneous

117. —(1) In this section—

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

“the 1982 amending section” means section 103 of the Finance Act, 1982 ;

“the thirty-third 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) In relation to the twenty-nine successive financial years commencing with the financial year ending on the 31st day of December, 1983, subsection (4) of the 1982 amending section shall have effect with the substitution of “£34,052,920” for “£35,938,852”.

(3) Subsection (6) of the 1982 amending section shall have effect with the substitution of “£21,495,968” for “£23,134,615”.

(4) A sum of £30,566,856 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, 1983.

(5) The thirty-third 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-third additional annuity, not exceeding £19,676,545 in any financial year, may be applied towards defraying the interest on the public debt.

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

118. — Section 54 of the Finance Act, 1970 , is hereby amended by the insertion after subsection (6) (inserted by the Finance Act, 1978 ) of the following subsection:

“(7) The Minister for Finance may engage in such transactions of a normal banking nature, and may, for the purposes of those transactions, issue such funds from the Exchequer, as he considers appropriate for the purposes of subsection (1) of this section and for the purposes of the better management of the indebtedness incurred by the Minister for Finance under the said subsection (1), and the expenses and other costs incurred by the Minister for Finance in connection with or arising out of such transactions shall be charged on the Central Fund or the growing produce thereof.”.

119. —(1) Where it appears to the Minister for Finance that the amount of interest accrued during any year of account (whether ending before or after the passing of this Act) from the securities standing to the credit of the Post Office Savings Bank Fund during that year was less than the amount of interest paid or credited to depositors during that year in pursuance of the Acts relating to the Post Office Savings Bank and the expenses incurred in that year in the execution of those Acts, the Minister for Finance may cause to be paid out of the Central Fund or the growing produce thereof to the Post Office Savings Bank Fund, at such times as he may determine, an amount not exceeding the amount of the deficiency.

(2) Where it appears to the Minister for Finance that the Post Office Savings Bank Fund is insufficient to meet the claims of all depositors with the Post Office Savings Bank, the Minister for Finance may cause to be paid out of the Central Fund or the growing produce thereof to the Post Office Savings Bank Fund, at such times as he may determine, an amount not exceeding the amount of the deficiency.

120. —Each enactment specified in column (2) of the Fourth Schedule is hereby repealed to the extent specified in column (3) of that Schedule.

121. —All taxes and duties imposed by this Act (apart from income levy collectible by health boards) are hereby placed under the care and management of the Revenue Commissioners.

122. —(1) This Act may be cited as the Finance Act, 1983.

(2) Parts I and V (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 and (so far as relating to capital gains tax) shall be construed together with the Capital Gains Tax Acts and (so far as relating to gift tax or inheritance tax) shall be construed together with the Capital Acquisitions Tax Act, 1976 , and the enactments amending or extending that Act.

(3) Parts II and V (so far as relating to customs) shall be construed together with 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 and (so far as relating to value-added tax) Parts I and V shall be construed together with the Value-Added Tax Acts, 1972 to 1982, and may be cited therewith as the Value-Added Tax Acts, 1972 to 1983.

(5) Part IV and (so far as relating to stamp duty) Parts I and V shall be construed together with the statutes which relate to stamp duty and to the management of that duty.

(6) 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, 1983.

(7) Part III (other than sections 77 to 80 , 81 (1), 82 , 84 and 85 ) shall be deemed to have come into force and shall take effect as on and from the 1st day of May, 1983, and the said sections 77 , 81 (1) and 82 shall be deemed to have come into force and shall take effect as on and from the 1st day of March, 1983, and the said sections 78 , 80 and 84 shall come into force and shall take effect as on and from the 1st day of September, 1983.

(8) 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.

(9) 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.

(10) 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.