12 Revocation.

(1) The Regulations of 2011 are revoked.

(2) Notwithstanding the revocation in paragraph (1)—

(a) a payment within the meaning of Regulation 2 of the Income Tax (Relevant Contracts Tax) Regulations (S.I. No. 71 of 2000) made before 1 January 2012 shall be dealt with under those Regulations as if those Regulations had not been revoked under the Regulations of 2011, and

(b) a relevant payment made between 1 January 2012 and the date of the coming into operation of these Regulations shall be dealt with under the Regulations of 2011 as if those Regulations had not been revoked.

GIVEN under my hand,

24 December 2012.

NIALL CODY,

Revenue Commissioner.