Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 79:

In page 124, lines 37 to 47, to delete paragraph (e) and substitute the following:“(e) in section 76(2)(a) by substituting the following for subparagraph (i):

“(i) furnish to the Collector-General —

(I) a true and correct return, prepared in accordance with regulations, of the total amount of tax which became due in that taxable period, by—

(A) the accountable person in relation to the disposal of the goods or the supply of the services, and
(B) the receiver, liquidator or other person exercising a power, in relation to any adjustment required under Chapter 2 of Part 8 or section 95(4)(c),

and
(II) such other particulars as may be specified in regulations,”,”.

Section 66 of the Finance Bill, as initiated, amends a number of sections of the Value-Added Tax Consolidation Act 2010 in relation to obligations of receivers and liquidators. The amendments to section 66 are necessary to ensure the legislation relating to the obligations of such persons is consistent in its application to the capital goods scheme and traditional properties acquired or developed before 1 July 2008. The amendments provide that where a receiver or other person exercising a power makes an exempt letting of a traditional property on which deductibility was claimed by the owner, the receiver or other person is liable for the adjustment.