62 Dividends paid outside the State and proceeds of sale of dividend coupons

This section extends the charge to tax under Schedule D to —

• payments of foreign dividends other than in the State, where a banker or any other person in the State by means of coupons receives from another person or on behalf of another person such payments,
• the proceeds of a realisation, where a banker sells or otherwise realises coupons for any foreign dividends and pays over the proceeds of such a realisation to or carries such proceeds to the account of any person, and
• the purchase price, where a dealer in coupons in the State purchases coupons for any foreign dividends otherwise than from a banker or another dealer in coupons.

The section applies Parts 1, 4 and 5 of Schedule 2 for the purposes of the assessment, charge and payment of the tax charged under this section.

The section does not apply to a banker by virtue only of the banker clearing a cheque or arranging to have a cheque cleared.

Relevant Date: Finance Act 2021