Tax Clearance - Guidelines & Procedures

A Tax Clearance Certificate (TCC) is a written confirmation from Revenue that a person's tax and customs affairs are in order at the date of issue of the Certificate. However, in some instances, a certificate may be issued to a customer who has tax arrears covered by a phased payment arrangement that has been agreed with Revenue.

The Tax Clearance - Guidelines & Procedures Manual which provides information for the public on tax clearance issues has been updated and amended as follows:

Page 5 - Point 5.3. Schedule of legal basis for licences and schemes requiring tax clearance updated in relation to Diesel Rebate Scheme legislation.

Page 7 - Point 7. Amended to clarify the correct procedure in relation to tax clearance and Capital Gains Tax as follows:

• Section 980 of the Taxes Consolidation Act 1997 applies to assets over €500,000 in value and usually, though not exclusively, arises in the context of land/property sales. Section 980 obliges the purchaser of certain assets to withhold 15% of the purchase price of that asset and remit it to Revenue as Capital Gains Tax, unless the vendor produces to the person acquiring the asset either

1. (a) a CG50A, or
2. (b) where the asset concerned is land on which a new house has been built or is in the course of being built by or on behalf of the person disposing of it which has not been used at any time before its disposal, a CG 50A or a tax clearance certificate under Section 1094 or 1095 or a certificate of authorisation issued under Section 531 of the Taxes Consolidation Act 1997.

Applications for a CG50A – Capital Gains tax clearance certificate must be submitted on a Form CG50.

29 January 2015