Taxes Consolidation Act 1997 section 1050

Protection for trustees, agents and receivers

Section 1050 limits the obligations of trustees, agents and receivers once they have filed the required return of income under section 890.

• A trustee who has authorised the payment of trust profits to the entitled person is not required to do anything further for that person's assessment, provided the trustee has filed a section 890 return showing the person's name, address and profits.
• The only exception is where Revenue require the trustee to give testimony under the Income Tax Acts.
• An agent or receiver of a State-resident person (other than an incapacitated person) is similarly freed from further assessment obligations once a section 890 return has been filed.
• Again, the sole exception is where Revenue require the agent or receiver to give testimony under the Income Tax Acts.