529E Returns by qualifying company

Summary

Qualifying companies are obliged to make a return to Revenue giving details of relevant payments made.

Detail

(1) This section provides that on or before the due date, a qualifying company shall make a return to the Collector-General of all relevant payments made during a return period.

(2) The return shall be made by electronic means.

(3) Where a qualifying company fails to submit a return, the qualifying company shall be liable for a maximum penalty of €5,000.

(4) The section also includes provision for the making of regulations governing the making of a return by a qualifying company.

Relevant Date: Finance Act 2021