530C Notification of relevant payment by principal.
(1) Immediately before a principal makes a relevant payment to a subcontractor, the principal shall notify the Revenue Commissioners of his or her intention to make such a payment to the subcontractor and of the amount of that payment.
(2) The notification required under subsection (1) shall be given by electronic means and the relevant provisions of Chapter 6 of Part 38 shall apply.
(3) The Revenue Commissioners shall make regulations for the purposes of this section and such regulations may provide for—
(a) the type of electronic means by which principals shall communicate with the Revenue Commissioners,
(b) the format of such communication,
(c) the timing of such communication,
(d) the details in relation to the sub-contractor which are to be supplied by the principal,
(e) the nature of any acknowledgement to be issued by the Revenue Commissioners, (f) the circumstances in which and the means by which a principal may cancel notification given,
(g) the circumstances in which notification under this section is deemed to be cancelled, and
(h) any other related matters.