Finance Bill 1997

Public bill · Government · Presented

Raises personal tax allowances, changes income-tax rates and reliefs, and reduces the main corporation-tax rate from 38% to 36%. It abolishes residential property tax, introduces tax relief for certain education, training, farming pollution-control, home-loan interest and Dublin Docklands regeneration projects, and gives tax exemptions for transfers between spouses following divorce or separation. It also changes VAT and stamp-duty rules, increases tobacco and fuel duties, strengthens action against smuggling and unpaid tax, and updates arrangements for ports, employee share schemes and companies moving their assets or residence abroad.

Formal long title

Bill entitled an Act to charge and impose certain duties of customs and inland revenue (including excise), to amend the law relating to customs and inland revenue (including excise) and to make further provisions in connection with finance

Last updated 20 November 2019