Taxes Consolidation Act 1997 Schedule 29

Provisions referred to in sections 1052, 1054, 1077E and 1077F

Schedule 29 lists the statutory provisions referred to in sections 1052, 1054, 1077E and 1077F, under which persons are required to file returns or furnish information to Revenue, and where failure to do so may give rise to penalties.

• The Schedule is arranged in three columns: column 1 covers obligations to deliver returns, statements or documents; column 2 covers obligations to furnish particulars or produce documents for inspection; and column 3 covers obligations to perform specific acts, furnish particulars or deliver accounts.
• The listed provisions span a wide range of tax obligations including PAYE, dividend withholding tax, subcontractor payments, investment undertakings, share schemes, pension schemes, partnership returns, self-assessment returns, and various reporting requirements imposed on employers, financial institutions and other third parties.
• Sections 1052 and 1054 impose fixed monetary penalties for failure to comply with the obligations listed in Schedule 29, with enhanced penalties where defaults persist beyond specified time limits or where behaviour is deliberate.
• Section 1077F (which replaced section 1077E) imposes tax-geared penalties for incorrect returns or failure to file returns, with the penalty level determined by whether the default was deliberate or careless and whether the taxpayer cooperated with Revenue or made a qualifying disclosure.