530V Miscellaneous

Summary

Section 530V contains miscellaneous provisions in relation to the making of regulations, the authority of another person to act on behalf of a principal, obligations following the death of a principal, the authority of Revenue officers to carry out functions under the Chapter and the application of RCT to payments to a liquidator or and receiver.

Details

(1) Regulations made under this Chapter may contain such incidental, supplemental or consequential provisions to enable persons to fulfil their obligations under this Chapter and to give effect to the proper implementation and efficient operation of the provisions of this Chapter.

(1)(A) Regulations made under this Chapter shall be laid before Dáil Éireann as soon as possible after they have been made and if a resolution annulling those regulations is made within 21 days, the regulations shall be annulled accordingly but this will not invalidate anything done under those regulations.

(1)(B)(a) Anything required to be done by a principal under this Chapter may be done by another person acting under the authority of the principal.

(1)(B)(b) Where anything is done by another person under the authority of the principal, this Chapter shall apply as if it had been done by the principal.

(1)(B)(c) Anything purporting to have been done by or on behalf of a principal shall be deemed to have been done by the principal or under the principal’s authority, unless proven otherwise.

(2) On the death of a principal, anything which the principal would have been liable to do under this Chapter shall be done by the personal representative of the principal.

(3) Anything to be done in this Chapter by the Revenue Commissioners, other than the making of regulations, may be done by a Revenue officer or where appropriate by such electronic systems put in place by the Revenue Commissioners.

(4)(a) The provisions of this Chapter shall, subject to paragraphs (b) and (c) apply to a relevant payment made to a liquidator or a receiver.

(4)(b) RCT deducted from a relevant payment to a liquidator or receiver in respect of a relevant contract entered into after the appointment of the liquidator or receiver is to be treated as a payment on account for the chargeable period concerned after the appointment of the liquidator or receiver.

(4)(c) RCT deducted from a relevant payment to a liquidator or receiver in respect of a relevant contract entered into prior to the appointment of the liquidator or receiver is to be treated as a payment on account for the chargeable period concerned prior to the appointment of the liquidator or receiver.

Relevant Date: Finance Act 2025