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Taxes Consolidation Act, 1997 (Number 39 of 1997)

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530C Notification of relevant payment by principal.

(1) Immediately before a principal makes a relevant payment to a subcontractor, the principal shall notify the Revenue Commissioners of his or her intention to make such a payment to the subcontractor and of the amount of that payment.

(2) The notification required under subsection (1) shall be given by electronic means and the relevant provisions of Chapter 6 of Part 38 shall apply.

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(3) The Revenue Commissioners shall make regulations for the purposes of this section and such regulations may provide for—

(a) the type of electronic means by which principals shall communicate with the Revenue Commissioners,

(b) the format of such communication,

(c) the timing of such communication,

(d) the details in relation to the sub-contractor which are to be supplied by the principal,

(e) the nature of any acknowledgement to be issued by the Revenue Commissioners, (f) the circumstances in which and the means by which a principal may cancel notification given,

(g) the circumstances in which notification under this section is deemed to be cancelled, and

(h) any other related matters.

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(3) The Revenue Commissioners shall make regulations for the purposes of this section and such regulations may—

(a) specify the manner by which principals shall communicate electronically with the Revenue Commissioners,

(b) provide for the details to be supplied by a principal in relation to a payment referred to in subsection (1),

(c) specify the circumstances in which and the means by which a principal may cancel a notification given under subsection (1),

(d) specify the circumstances in which notification under this section is deemed not to have been given,

(e) provide for notification to a subcontractor where a payment notification is cancelled, and

(f) provide for any other related matters.

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Inserted by FA11 s20(1)(k). With effect from 1 January 2012 as per S.I. No. 660 of 2011.

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Substituted by FA12 s22(1)(j). Comes into operation on and from 31 March 2012.