Committee Reports::Report and Proceedings - Value-Added Tax Bill, 1971 (changed from Finance (No. 2) Bill, 1971)::13 June, 1972::Proceedings of the Joint Committee



Dé Máirt, 13 Meitheamh, 1972.

Tuesday, 13th June, 1972.

1. The Committee met at 4.15 p.m.

2. Members Present.

The following members were present:—

The Minister for Finance, Deputies Peter Barry, Edward Collins, FitzGerald, Fitzpatrick (Dublin Central), Gallagher, Healy, Kenneally, Noonan, O’Donovan, O’Higgins, Michael Smith and Tully.

3. Election of Chairman.

Motion made (Deputy FitzGerald):

“That Deputy Healy be Chairman of the Committee”.

Question put and agreed to.

Deputy Healy took the Chair accordingly.

4. Consideration of Bill.

The Committee took the Bill into consideration.

(i) Sections 1 to 4 inclusive, agreed to.

(ii) Section 5.

Amendment proposed (Deputy FitzGerald):

“In page 8, subsection (1), lines 17 and 18, to delete all words after ‘performance’ and insert ‘for a consideration of any act other than the delivery of goods’.”

Amendment, by leave, withdrawn.

Amendment proposed (Deputy FitzGerald):

“In page 9, to delete subsection (5).”

Amendment, by leave, withdrawn.

Section agreed to.

(iii) Section 6 agreed to.

(iv) Section 7.

Amendment proposed (Deputy FitzGerald):

“In page 9, subsection (1), line 42, to delete ‘paragraphs (iv) and (x) of’.”

Amendment, by leave, withdrawn.

Section agreed to.

(v) Section 8.

Amendment proposed (Deputy FitzGerald):

“In page 11, after subsection (3), to insert a new subsection as follows:—

‘( ) Where a person becomes a taxable person by virtue of commencing to engage in the delivery of taxable goods or the rendering of taxable services he shall be entitled to reclaim tax paid by him prior to that date in respect of goods or services purchased in preparation for his engagement in the above-mentioned taxable activities’.”

Amendment, by leave, withdrawn.

Further consideration of the Bill adjourned.

5. Adjournment.

The Committee adjourned at 7 p.m. until 7 p.m. on Tuesday, 20th June, 1972.