TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Clarification of Mandatory e-Filing for Stamp Duty and Capital Acquisitions Tax

Under Phase 3a of Mandatory e-Filing, which commenced on 1 June 2011, Stamp Duty returns and CAT returns must be filed electronically. Following concerns raised by members in relation to the options for filing such returns on ROS and making the payment, we have confirmed with Revenue that currently agents can only file Stamp Duty returns on ROS using their ROS business digicert. Agents may file CAT returns on ROS using either their ROS Business digicert or the ROS Agent TAIN digicert. In addition following members queries regarding the requirement to electronically file the Stamp Duty return where the instrument was executed before 1 June 2011, we have clarified with Revenue that Stamp Duty returns and payments presented to Revenue on or after 1 June 2011, must be filed electronically, regardless of the date the instrument was executed. This was subsequently confirmed by Revenue in eBrief No. 33/11.

ROS Payment Options

Currently agents using their ROS TAIN digicert to file their client CAT returns are restricted to making the associate CAT payment by laser card only. This is an issue for member firms that do not operate “client accounts” and thus are not in a position to obtain a client laser card. Considering the practical difficulties this is causing for agents Revenue has confirmed that payment may be made by EFT where the agent holds a TAIN Digicert.

In the case of Stamp Duty, where the agent holds a ROS TAIN digicert and the return and payment is made using the business digicert, the associated stamp duty payment may be made by EFT.

Stamp Duty Mandatory Electronic Filing and Payment

Revenue's eBrief No. 33/11 corrects a previous eBrief (No. 04/11) in relation to the mandatory electronic filing and payment of Stamp Duty.

Revenue has clarified that Stamp duty returns and payments presented on or after 1 June 2011, must be filed electronically, regardless of the date the instrument was executed. From that date, stamp duty returns in paper format can be filed only in the following exceptional cases.

Stamp Duty Regulations

The Revenue Commissioners have made regulations under section 17A Stamp Duty Consolidation Act, 1999, on mandatory electronic stamp duty returns and payments. The Regulations, (Stamp Duty (E-Stamping of Instruments) (Amendment) (No.2) Regulations 2011) took effect on 1 June 2011.