525 Returns and collection of appropriate tax

Summary

This section sets up the machinery for the paying over by accountable persons to the Collector-General of all amounts of appropriate tax deducted by them from relevant payments.

Details

(1) An accountable person is obliged to remit to the Collector-General all amounts of appropriate tax deducted from relevant payments during an income tax month. This must be done within 14 days from the end of every income tax month.

(2) Each such remittance must be accompanied by a return giving the particulars required by the return in relation to each specified person / partnership to whom a relevant payment has been made in the income tax month concerned.

(3) An accountable person is obliged to submit a return even in respect of an income tax month in which no relevant payments were made.

(4) Every return must be made on a form prescribed by the Revenue Commissioners (called a form F–30) and must contain a declaration that the return is correct and complete.

(5) The Collector-General issues a receipt to an accountable person in respect of the total appropriate tax remitted for an income tax month.

(6) The assessment, collection and recovery provisions that relate to the subcontractors tax under Chapter 2 of Part 18 apply to the assessment, collection and recovery of appropriate tax.

Relevant Date: Finance Act 2019