111AAU Revenue Assessment

Summary

This section provides for the information that must form the basis for a Revenue assessment.

Details

(1) This subsection provides that an assessment to GloBE tax which is made by a Revenue officer is referred to in this Chapter as a Revenue assessment.

(2) This subsection provides for the information that must form the basis for a Revenue assessment. The assessment must include the amount of GloBE tax payable for the fiscal year, and the balance of GloBE tax, taking account of any amount of GloBE tax paid directly by the entity to the Collector General for the fiscal year, which is due and payable by the entity, or is overpaid and is available for offset or repayment by the Revenue Commissioners.

(3) This subsection provides that where a surcharge applies, that surcharge will be included in the Revenue assessment.

(4) Where a Revenue assessment is made under this Part, any self-assessment made prior to the Revenue Assessment shall be void.

Relevant Date: Finance Act 2024