Revenue Note for Guidance
This section authorises the Minister for Finance to order repayment of tax in certain circumstances.
(1) Subsection (1) allows the Minister to make orders, which will enable repayment of tax to be made to persons who fulfil the conditions set out in the orders.
(2) Subsection (2) allows the Minister to amend or revoke an order.
(2A) Subsection (2A) provides that when making a refund order, the Minister considers the nature of the goods or services to which the order relates and/or the nature of the person to whom the refund order relates.
(2B) Subsection (2B) provides that the Minister may include in an order a requirement for a person who receives a refund to carry out a review after a specified event or period, to ensure that conditions in the order have been fulfilled, and to repay all or part of the refund to the Revenue Commissioners if those conditions have not been fulfilled.
(3) Subsection (3) provides that a refund order made by the Minister may have retrospective effect if this is expressed in the order.
(4) Subsection (4) provides for the laying of the order before the Dáil.
Relevant Date: Finance Act 2020