Taxes Consolidation Act 1997 section 1054

Increased penalties in case of body of persons

Section 1054 imposes separate penalties on company secretaries when a body of persons fails to make tax returns or submits incorrect returns.

• "Secretary" includes company secretaries and, for unincorporated bodies, treasurers, auditors or receivers.
• A secretary is liable to a €2,000 penalty if a return failure continues beyond the end of the following tax year, or €1,000 in other cases.
• A secretary is liable to a €1,500 penalty for incorrect returns, rising to €3,000 where the behaviour is deliberate.
• Reduced penalties apply where the body proves it is not chargeable to income tax or where exempt employees are omitted from employer returns.