Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023
AI-assisted research summary: This Act sets up a temporary solidarity contribution for companies with activities in the fossil fuel sector and provides for administration and collection by the Revenue Commissioners.
Energy (Windfall Gains in the Energy Sector) (Temporary Solidarity Contribution) Act 2023 Permanent Page URL View by Section Amharc de réir Ailt View Full Act Amharc ar an Acht Iomlán Bill History Stair Bille Commencement, Amendments, SIs made under the Act Tosach Feidhme, Leasuithe, IRà arna ndéanamh faoin Acht Open PDF Oscail PDF Priontáil an tAcht Iomlán Previous Section Alt Roimhe Next Section An Chéad Alt Eile Priontáil an tAlt 23 2023 ENERGY (WINDFALL GAINS IN THE ENERGY SECTOR) (TEMPORARY SOLIDARITY CONTRIBUTION) ACT 2023 PART 1 Preliminary and General 1. Short title and commencement 2. Interpretation 3. Expenses PART 2 Provisions relating to temporary solidarity contribution 4. Temporary solidarity contribution 5. Anti-avoidance 6. Care and management of temporary solidarity contribution 7. Notice to Revenue Commissioners 8. Returns 9. Action by person acting under authority 10. Assessments and enquiries 11. Revenue assessment 12. Notice of Revenue assessment 13. Amended assessment 14. Application of expression of doubt 15. Appeal to Appeal Commissioners 16. Obligation to keep certain records PART 3 17. Surcharge for late return 18. Interest on overdue amounts 19. Penalties for failure to deliver a return etc. 20. Penalty for failure to keep records 21. Other penalties 22. Offences PART 4 23. Insertion of new Part 24B in Act of 1997 24. Consequential amendments to Act of 1997 25. Amendment of Ministers and Secretaries (Amendment) Act 2011 26. Amendment of Finance (Tax Appeals) Act 2015 Consequential amendments to Act of 1997 Finance (Local Property Tax) Act 2012 (No. 52) Finance (Tax Appeals) Act 2015 (No. 59) Maritime Jurisdiction Act 2021 (No. 28) Ministers and Secretaries (Amendment) Act 2011 (No. 10) Taxes Consolidation Act 1997 (No. 39) Value-Added Tax Consolidation Act 2010 (No. 31) 23 2023 ENERGY (WINDFALL GAINS IN THE ENERGY SECTOR) (TEMPORARY SOLIDARITY CONTRIBUTION) ACT 2023 An Act to give full effect to Articles 14, 15, 16 and 18 of Council Regulation (EU) 2022/1854 of 6 October 2022 on an emergency intervention to address high energy prices and for that purpose to make provision for a temporary solidarity contribution to be payable by companies with activities in the fossil fuel sector on taxable profits in the years 2022 and 2023; to provide for obligations on those companies relating to the temporary solidarity contribution; to provide for the administration and collection of the temporary solidarity contribution by the Revenue Commissioners; to provide for enforcement of the temporary solidarity contribution; to amend the Taxes Consolidation Act 1997 to provide for the calculation of the temporary solidarity contribution, the deduction of that contribution for the purposes of corporation tax and certain other consequential amendments; to amend the Ministers and Secretaries (Amendment) Act 2011 and the Finance (Tax Appeals) Act 2015 ; and to provide for related matters. th July, Be it enacted by the Oireachtas as follows: OJ L 261, 7.10.2022, p.1