Simon Harris (Wicklow, Fine Gael) | Oireachtas source

I move amendment No. 51:

In page 46, line 7, to delete “Section 481 of the Principal Act” and substitute “Section 481 of the Principal Act (as amended by section 21 of the Finance Act 2013)”.

With the Chairman's permission, I propose to take amendments Nos. 51, 52, 98 and 99 together as they all relate to the changes being made to the film relief scheme in section 21.
Amendments Nos. 51 and 52 are technical in nature and are designed to allow section 21 of the Finance Bill 2014 to amend section 481 of the Taxes Consolidation Act 1997, which is relief for investment in films, in a particular sequence. The provisions in section 21 of the Finance Act 2013 and section 24 of the Finance (No. 2) Act 2013 were each subject to EU state aid approval and subject to individual commencement orders. Amendments Nos. 51 and 52 allow for all relevant provisions to be commenced in the correct order to ensure that they will operate in the intended manner.
Amendments Nos. 98 and 99 are also technical in nature. Amendment No. 98 inserts a new paragraph 6 into Schedule 3 to the Bill. The new paragraph 6 deletes a reference to section 481(2A)(c) of the Taxes Consolidation Act 1997 in section 21(1)(m) of the Finance Act 2013. This deletion is necessary as the reference to paragraph (c) has been rendered obsolete by an amendment in section 21(1)(b)(ii) of this Bill and to retain the reference to paragraph (c) could cause some confusion. Amendment No. 99 amends the commencement provisions for Schedule 3 to provide that the new paragraph 6, as inserted by amendment No. 98, will have effect from the passing of the Act.
I commend these amendments to the committee.