Taxes Consolidation Act 1997 Schedule 12A paragraph 6

Information

Paragraph 6 of Schedule 12A gives the Revenue Commissioners the power to require any person to provide information they consider necessary in connection with savings-related share option schemes.

• Revenue may issue a written notice requiring any person to furnish information within a period of not less than 30 days.
• The information may be sought to help Revenue decide whether to approve a scheme or to withdraw an existing approval.
• It may also be required to determine the tax liability (including capital gains tax) of any person who has participated in the scheme.
• Revenue may additionally seek information relating to the administration of a scheme and any alteration of its terms.