531AAH Charging of defective concrete products levy

Summary

This section contains the main charging provisions for defective concrete products levy and requirements regarding the issuing and retention of certain documents and records.

Details

(1) A levy to be known as the defective concrete products levy shall be charged and paid by a chargeable person on the first supply of a concrete product.

(2) The defective concrete products levy shall be charged on the supply date and the chargeable person is accountable for and liable to the levy.

(3) Where a chargeable person makes a first supply of a concrete product within the meaning of paragraph (a) of the definition of “supply” they shall issue a document to the person they made the supply to stating –

• the amount of levy which has arisen due to the supply of the product,
• the supply date of the product, and

the name of the chargeable person.

(4) Where a chargeable person makes a first supply within the meaning of paragraph (b) or (c) of the definition of “supply”, they shall make a record stating –

• the amount of the levy which has arisen due to the supply of the product, and the supply date of the product.

(5) Where a chargeable person fails to comply with either subsection (3) or (4) they shall be liable to a maximum penalty of €500 for each failure.

(6) Where a chargeable person fails to comply with subsection (2) they shall be liable to –

• pay the levy that should have been charged, and
• a maximum penalty of €4,000.

Relevant Date: Finance Act 2024