Revenue Note for Guidance

The content shown on this page is a Note for Guidance produced by the Irish Revenue Commissioners. To view the section of legislation to which the Note for Guidance applies, click the link below:

Revenue Note for Guidance

784BA Annual returns by qualifying managers

Summary

This section deals with the electronic return by a QFM of information in relation to each ARF that they administer. The return must be submitted to Revenue not later than three months after the year of assessment and will be in place for the year of assessment 2026 and all future years. The return requires QFMs to submit, for each ARF they administer, details about the ARF holder, the distributions from the funds, the type of assets in the fund, and tax accounted for.

Where a QFM fails to submit a return, or submits an incorrect or incomplete return, they will be liable to a penalty €3,000 for each such failure.

Details

(1) “electronic means” has the same meaning as section 917EA.

“fund holder” means the individual beneficially entitled to the assets the ARF.

“qualifying fund manager” has the same meaning as it has section 784A.

“tax reference number” has the same meaning as it has section 784A.

(2) A QFM shall submit an electronic return to Revenue within three months of the end of the year of assessment for each ARF that the QFM administers in that year.

(3) A QFM required to submit a return under this section must provide the following information for each ARF they administer:

  • (3)(a) The name and address of the fund holder;
  • (3)(b) the tax reference number of the fund holder;
  • (3)(c) the date on which the approved retirement fund was first held by the fund holder;
  • (3)(d) the country of residence of the fund holder
  • (3)(e) the number of approved retirement funds administered by the qualifying fund manager on behalf of each fund holder;
  • (3)(f) details and value of the assets held in the approved retirement fund, including:
    • asset type and location;
    • details of any income, profits or chargeable gains derived from those assets during the year of assessment;
    • details of any assets acquired and or disposed of during the year of assessment;
    • details of any distributions made in the year of assessment;
  • (3)(g) in respect of a transaction deemed to be a distribution for the purposes of this Chapter:
    • the name and address of the person to whom the distribution was made;
    • the amount of the distribution;
    • the tax which the qualifying fund manager is required to account for in relation to that distribution;
  • (3)(h) other information in relation to assets held in, and distributions made from, the approved retirement fund as the Revenue Commissioners may require.

(4) A return under this section will be in the format prescribed by Revenue, and should include a declaration that the information contained within is correct and complete.

(5) Any QFM who fails to make a return under this section, or who makes an incorrect or incomplete return, shall be liable to a penalty of €3,000 for each such failure.

Relevant Date: Finance Act 2025