Revenue Note for Guidance
An inspector may require any person who is in receipt of money or value or profits or gains belonging to another person who is chargeable to tax (or would be chargeable to tax if resident in the State and not an incapacitated person) to make a return of the details of such money, value, profits or gains.
(1) Every person who is, in whatever capacity, in receipt of money, value, profits or gains belonging to another person who is chargeable to tax (or would be chargeable to tax on such income if resident in the State and not incapacitated) must, when requested to do so by an inspector, make a return of such income.
(2) The return must be on a prescribed form and contain —
The person requested to make the return must also give the name and address of any person with whom he/she is jointly in receipt of money, value, profits or gains belonging to another person.
(a) Amounts under €635 belonging to any one person need not be returned (in practice, this €635 limit is adjusted to €3,810 [see Statement of Practice SP-IT/1/92]).
Relevant Date: Finance Act 2019