530K Return by principal

Summary

Section 530K provides that a principal shall make a return by electronic means to the Collector-General of all relevant payments made during a return period. A principal to whom a deduction summary has issued for the period will be deemed to have made such a return unless they are required to amend the details on record to properly reflect all payments made by the principal and the amended details on the return. The section also includes provision for the making of regulations governing the making of a return by a principal.

Details

(1) On or before the due date a principal is required to submit a return to the Collector-General detailing all relevant payments during the return period and specifying their RCT liability.

(2)(a) Where a deduction summary has been issued by the Revenue Commissioners under section 530D(3), the summary shall be deemed to be the return for the period and the amount of tax specified on the summary shall be deemed to be the principal’s liability for the period.

(2)(b) Paragraph (a) does not apply where the principal is required to amend the details on the deduction summary and submit the amended details as the return required under subsection (1).

(3) The tax liability specified on a return made or deemed to have been made under this section is due and payable by the principal to the Revenue Commissioners

(4) Returns, including late and amended returns shall be made by electronic means and Chapter 6 of Part 38 shall apply.

(5) The Revenue Commissioners shall make regulations for the purposes of this section and these regulations may provide for the submission of returns, the amending of returns and other related matters.

Relevant Date: Finance Act 2025