Revenue Note for Guidance
This Part provides for the definition and interpretation of certain terms and references used in the Taxes Consolidation Act 1997 (TCA 1997). The TCA 1997 consolidates enactments relating to income tax, corporation tax and capital gains tax. Certain enactments which relate to these taxes also relate to other taxes and duties and the TCA 1997 also consolidates these enactments.
(2) This section defines, for the purposes of the TCA 1997 and of all future enactments, the 4 streams of legislation which are brought together in the Act, namely —
Within the TCA 1997 it is necessary to preserve the integrity of these 4 streams of legislation so that enactments which relate solely to income tax, corporation tax or capital gains tax or alternatively to a combination of these taxes continue to so relate.
(1), (3) to (5) The section also provides for a definition of “repealed enactments” and sets out rules for the construction of certain references.
Relevant Date: Finance Act 2021