Dáil Éireann - Volume 108 - 15 October, 1947

Financial Resolutions. - Financial Resolution No. 1. Income-tax.

Minister for Finance (Mr. Aiken) Frank Aiken

Minister for Finance (Mr. Aiken): I move:-

(1) That every sum paid or deducted in respect of income-tax within two months after the 5th day of April, 1948, which consists wholly of a payment or deduction made by virtue of Section 6 of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927), in respect of income-tax for the year beginning on the 6th day of April, 1948, shall be calculated at the rate of 7/- in the pound, and the said Section 6 shall apply and have effect in relation thereto as if that rate had been the standard rate of income-tax for the year beginning on the 6th day of April, 1947.

(2) That the following provisions shall apply and have effect in relation to every sum paid or deducted in respect of income-tax within two months after the 5th day of April, 1948, which consists partly of a payment or deduction made in respect of income-tax for the year beginning on the 6th day of April, 1947, and partly of a payment or deduction made, by virtue of Section 6 of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927), in respect of income-tax for the year beginning on the 6th day of April, 1948, that is to say:—

(a) so much of the said sum as consists of a payment or deduction in respect of income-tax for the year beginning on the 6th day of April, 1947, shall be calculated at the rate of six shillings and sixpence in the pound, being the standard rate of income-tax for that year;

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(b) so much of the said sum as consists of a payment or deduction made, by virtue of the said Section 6, in respect of income-tax for the year beginning on the 6th day of April, 1948, shall be calculated at the rate of seven shillings in the [404] pound, and the said Section 6 shall apply and have effect in relation thereto as if that rate had been the standard rate of income-tax for the year beginning on the 6th day of April, 1947.

General Mulcahy General Mulcahy

General Mulcahy: We do not propose to discuss the individual merits of these taxes at the moment. We just propose for the moment to negative, without a division, the proposals that are being made here until such time as we can discuss the matter on the general Resolution.

Resolution put and declared carried.

Dáil Éireann 108 Financial Resolutions. Financial Resolution No. 1. Income-tax.

General Debate

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