111AAV Notice of Revenue assessment

Summary

This section provides the method by which a notice shall be provided by a Revenue officer.

Details

(1) Where a Revenue assessment is made, the Revenue officer will give notice to the constituent entity of that assessment which may be given by electronic means.

(2) This subsection provides that a copy of the notice of assessment shall be given to a person acting under authority who has prepared and delivered a GloBE return.

(3) This subsection provides the details that must be included on the notice of Revenue assessment. The notice of Revenue assessment shall include details of:

• (3)(a) the calculation and amount of GloBE tax for the fiscal year
• (3)(b) 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 under this Part:
  • is due and payable by the entity to the Revenue Commissioners for the fiscal year, or
  • is overpaid by the entity for the fiscal year and which, subject to this Part, is available for offset or repayment by the Revenue Commissioners.
• (3)(c) the amount of any surcharge which, under section 111AAX , is due for the fiscal year,
• (3)(d) the name of the Revenue officer who is giving the notice and the address of the Revenue office at which that officer is based, and
• (3)(e) the time allowed for giving notice of appeal against the assessment to which the notice relates.

Relevant Date: Finance Act 2024