7 Deduction summaries.

(1) For the purposes of section 530D(3) of the Act, the Revenue Commissioners shall, at the end of each return period, cause the RCT service to issue a deduction summary to a principal.

(2) A deduction summary in respect of a return period shall include—

(a) details in relation to all relevant payments, if any, notified by that principal, which are the subject of a valid deduction authorisation at the time of issue of the deduction summary (in these Regulations, the details on a deduction summary in relation to each such relevant payment shall be referred to as a “line item”),

(b) details of any relevant payment of which, during the return period, the principal has notified the Revenue Commissioners under section 530F(7) of the Act,

(c) details of any relevant payment to which Regulation 8(5) relates,

(d) the aggregate amount of tax that is, based on the details in the deduction summary, payable by the principal in respect of the return period, and

(e) information on how to accept, amend or supplement the information in the deduction summary for the purpose of making a return referred to in Regulation 8.