Dividend Withholding Tax (DWT) real time reporting on hold

May 25, 2020

Revenue has postponed the introduction of the DWT real-time reporting changes that were planned for January 2021.   According to Revenue, this decision to postpone the real time reporting system was made having regard to a range of factors, one being the scale of the challenge facing the industry in preparing for the transfer of the Irish equities market to a new settlement system by March 2021.  Such a challenge was highlighted in the submission made by Chartered Accountants Ireland, under the auspices of CCAB-I. 

Per Revenue eBrief No. 087/20, Revenue will engage with stakeholders in advance of the resumption of the change management programme and will ensure that adequate time is allocated to the delivery of any development work associated with DWT real-time reporting. 

Revenue intends to publish the outcome of the consultation held with stakeholders, which included Chartered Accountants Ireland, in due course.