848Q Annual returns.

A qualifying savings manager who is or was registered in accordance with section 848R shall in respect of each year of assessment, on or before 28 February in the year following the year of assessment, make a return (including, where it is the case, a nil return), to the Revenue Commissioners which in respect of the year of assessment—

(a) specifies in respect of each special incentive savings account managed by the qualifying savings manager—

(i) the name of the qualifying individual,

(ii) the address of that individual’s permanent residence,

(iii) the PPS Number of the individual,

(iv) the date the account was commenced,

(v) the total amount of subscriptions made by the qualifying individual, or the spouse of that individual, to the account,

(vi) the total amount of tax credits, in respect of subscriptions, subscribed to the account, and

(vii) in respect of each gain accruing on the account—

(I) the amount of relevant tax to which the qualifying savings manager has thereby become liable, and

(II) whether the gain accrued under section 848J, 848K or 848L,

and

(b) containing a declaration, in a form prescribed or authorised by the Revenue Commissioners, that to the best of the qualifying savings manager’s knowledge and belief—

(i) in respect of each special savings incentive account referred to in the return, the terms referred to in section 848C have been and are being complied with, and

(ii) the information referred to in paragraph (a) and the declaration referred to in subparagraph (i) is correct.