653U One return in respect of jointly owned relevant site

Summary

This section provides that in the case of joint owners of a relevant site, only one return is required.

Details

(1) Where there is more than one liable person in relation to a relevant site only one return is required to be prepared and delivered. The return will be prepared and delivered by the liable person who is identified as the designated liable person by the process outlined in section 653V.

(2) Where there is more than one liable person in relation to a relevant site, one return will satisfy the obligations of all liable persons in respect of that site and shall bind all the other liable person(s).

(3) Where more than one return is delivered in relation to a relevant site and one of those returns is delivered by the designated liable person, then the Revenue Commissioners shall notify the person(s) who are not the designated liable person that a return has been delivered by the designated liable person.

(4) Where more than one return is delivered in respect of a relevant site and there is no designated liable person, the Revenue Commissioners shall designate a liable person in accordance with subsection 653V for the purposes of subsection (2).

Relevant Date: Finance Act 2021