Section 960S Taxes Consolidation Act 1997 allows Revenue to seek a security bond from a business where there are concerns that the tax to be paid in future may not be forthcoming. The newly established Tax Appeals Commission (TAC) changes the process of appealing the requirement for a security bond.

All appeals must now be made directly to the TAC and not Revenue. The TAC has the sole responsibility for accepting or refusing appeals. Revenue has updated its Requirement for Security Bonds manual to take account of this change and the manual also sets out the steps which should be followed if appealing the requirement for security bonds.