(1) THAT, as respects any payment or crediting of relevant interest (within the meaning of Chapter 4 of Part 8 of the Taxes Consolidation Act 1997 (No. 39 of 1997)) made on or after 1 January 2009, the definition of "appropriate tax" in section 256(1) of the Taxes Consolidation Act 1997 be amended—

(a) in paragraph (a), by substituting "23 per cent" for "20 per cent",

(b) by substituting the following for paragraph (b):

"(b) subject to paragraph (c), in the case of interest paid in respect of any other relevant deposit, at a rate determined by the formula—

(S+3) per cent

where S is the standard rate per cent (within the meaning of section (4)(1)) in force at the time of payment, and",

and

(c) in paragraph (c), by substituting "(S+6) per cent" for "(S+3) per cent".

(2) THAT as respects any dividend paid on or credited to a special share account or a special term share account (within the meaning of Chapter 5 of Part 8 of the Taxes Consolidation Act 1997), section 267B of the Taxes Consolidation Act 1997 be amended in respect of dividends paid or credited on or after 1 January 2009—

(a) in subsection (2)(b), by the substitution of "23 per cent" for "20 per cent", and

(b) in subsection (3)(b), by the substitution of "23 per cent" for "20 per cent".

(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).