530D Deduction authorisation

Summary

Section 530D provides for the issuing of a deduction authorisation by the Revenue Commissioners authorising a principal to deduct tax from a relevant payment. It also provides for the issue by Revenue of a deduction summary, effectively a summary of deduction authorisations issued during the return period to a named principal. In addition, the section provides for the making of regulations by the Revenue Commissioners.

Details

(1) Where a payment notification has been submitted in accordance with section 530C, in response the Revenue Commissioners shall issue a deduction authorisation in respect of the payment notified.

(2) The deduction authorisation issued shall specify in accordance with section 530E the rate of tax to be applied to the payment and shall authorise the principal to deduct a specified sum of tax from the payment.

(3) At the end of each return period the Revenue Commissioners shall issue a deduction summary to each principal in respect of the return period.

(4) Deduction authorisations and deduction summaries shall be issued by electronic means by the Revenue Commissioners.

(5) The Revenue Commissioners shall make regulations in relation to the issuing of deduction authorisations.

Relevant Date: Finance Act 2025