Taxes Consolidation Act, 1997 (Number 39 of 1997)
1091 Annexation of statements to interest warrants, etc.
[ITA67 s458; CTA76 s140(1) and Sch2 PtI par25]
(1) In this section, “company” means a company within the meaning of the [4]>Companies Act, 1963<[4][4]>Companies Act 2014<[4], and a company created by letters patent or by or in pursuance of any statute.
(2) Every warrant, cheque or other order sent or delivered for the purpose of paying any interest which is not a distribution within the meaning of the Corporation Tax Acts by a company which is entitled to deduct income tax from such interest shall have annexed to it, or be accompanied by, a statement in writing showing—
(a) the gross amount which, after deduction of the income tax appropriate to such interest, corresponds to the net amount actually paid,
(b) the rate and amount of income tax appropriate to such gross amount, and
(c) the net amount actually paid.
[3]>
(3) A company which fails to comply with subsection (2) shall incur a penalty of [1]>£10<[1][1]>€10<[1] in respect of each offence but the aggregate amount of the penalties imposed under this section on any company in respect of offences connected with any one payment or distribution of interest shall not exceed [2]>£100<[2][2]>€125<[2].
<[3]
[3]>
(3) Where a company fails to comply with any of the provisions of subsection (2), the company shall incur a penalty of €200 in respect of each failure, but the aggregate amount of the penalties imposed under this section on any company in respect of all such failures connected with any one distribution of dividends or interest shall not exceed €2,000.
<[3]
[3]
Substituted by F(No.2)A08 sched5(part2)(2)(at). The enactments specified in Schedule 5 are amended or repealed to the extent and manner specified in that Schedule and, unless the contrary is stated, shall come into effect after 24 December 2008.