817G Duty of person where there is no promoter

This section deals with the situation where there is no promoter and, therefore, no requirement to notify the details of the disclosable transaction under section 817E (promoter) or section 817F (user where promoter is outside the State). In such cases, the obligation to notify the Revenue Commissioners lies with any person who enters into any transaction forming part of the disclosable transaction. This section is designed to bring within the disclosure requirements schemes developed, for example, “in-house” by a company for its own use.

Relevant Date: Finance Act 2021