Revenue Note for Guidance

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Revenue Note for Guidance

525 Returns and collection of appropriate tax

Summary

This section outlines the processes for the filing of returns and the paying over by accountable persons to the Collector-General of all amounts of appropriate tax deducted by them from relevant payments.

Details

(1) An accountable person is obliged to remit to the Collector-General all amounts of appropriate tax deducted from relevant payments during an income tax month. This must be done within 23 days from the end of every income tax month.

(2) Each such remittance must be accompanied by a return giving the particulars required by the return.

(3) An accountable person is obliged to submit a return even in respect of an income tax month in which no relevant payments were made.

(4) Every return must be made on a form prescribed by the Revenue Commissioners and must contain a declaration that the return is correct and complete.

(4A) A return must be made by electronic means and the relevant provisions of Chapter 6 of Part 38 apply.

(5) The Collector-General issues a receipt to an accountable person in respect of the total appropriate tax remitted for an income tax month.

(6) The assessment, collection and recovery provisions that relate to the subcontractors tax under Chapter 2 of Part 18 apply to the assessment, collection and recovery of appropriate tax.

(7) An accountable person is required to submit an annual return to the Collector-General by the 23 February following each tax year containing the following details:

  1. the total amount of appropriate tax that the accountable person was liable to deduct from relevant payments during that year,
  2. the total amount of appropriate tax remitted to the Collector-General during that year,
  3. any amounts of appropriate tax owed to the Collector-General in respect of relevant payments made during that year.

(8) Accountable persons are required to submit a one-off return to the Collector-General on the 23rd day of the month following the commencement of section 13 of the Finance Act 2020, by the Minster. The return covers the period 1 January 2021 to the date of commencement and should include details of:

  1. the amount of relevant payments made to each specified person or partnership,
  2. the amount of appropriate tax which the accountable person was liable to deduct from the relevant payments made to each specified person or partnership,
  3. the amount of appropriate tax remitted by the accountable person during the period,
  4. any other particulars that may be required by the return.

Relevant Date: Finance Act 2021