Taxes Consolidation Act 1997 Schedule 2A paragraph 10

Declaration to be made by a PRSA administrator

Schedule 2A paragraph 10 sets out the declaration that a PRSA administrator must provide to a company paying a distribution, in order to receive that distribution without deduction of dividend withholding tax (DWT).

• A PRSA administrator who is beneficially entitled to a distribution may make a written declaration to the paying company to receive that distribution free of DWT.
• The declaration must be signed, made on a Revenue-prescribed form, and must confirm that the person is a PRSA administrator and that the distribution will be applied as PRSA income.
• The declaration must include the administrator's name and tax reference number, along with any other information Revenue may reasonably require.
• The declarer must undertake to notify the paying company in writing if the administrator ceases to qualify as an excluded person.