Revenue Note for Guidance
531AAA Application of provisions relating to income tax
Certain existing self-assessment provisions of the Tax Acts apply in relation to USC as they apply to income tax.
The provisions of the Tax Acts relating to-
- (a) the making of returns of income, the keeping of records, the making of enquiries and the exercise of powers, duties and responsibilities,
- (b) the making of assessments and the right to make enquiries by Revenue,
- (d) collection and recovery of unpaid income tax, and
- (e) penalties, offences, interest and other sanctions,
apply, with any necessary modifications, to USC as they apply to income tax.
Relevant Date: Finance Act 2021