Section 265A Deposits of certain persons
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Amendments
Section 265A inserted by Finance Act 2007 section 34(1)(e) from 2 April 2007.
Where a return is required to be made by a relevant deposit taker under section 891 in respect of interest on a deposit which is a deposit of a kind referred to in subsection (1A) or (1B) of section 256, then that return shall, in addition to the matters which shall be included on the return by virtue of section 891, include-
(a) the PPS Number (within the meaning of section 891B) of the person, or
(b) where the person is not an individual, the person’s tax reference number (within the meaning of paragraphs (b) and (c) of section 885).
Does a bank have to keep records of interest paid without DIRT?
A financial institution must, on request by the inspector, make a return to Revenue of interest paid without deduction of DIRT. Where such interest is paid gross because the account holder is aged 65 or over, or permanently incapacitated, the return ...
