Taxes Consolidation Act 1997 section 111AAAC

Transitional simplified jurisdictional reporting

Section 111AAAC provides for a transitional election allowing certain groups to use a simplified jurisdictional reporting framework when completing the top-up tax information return (GIR), reporting at a jurisdictional level rather than on an entity-by-entity basis.

• During a transitional window (fiscal years beginning on or before 31 December 2028 and ending on or before 30 June 2030), a filing constituent entity may elect to use the simplified jurisdictional reporting framework for the GIR.
• The election is available where all relevant QDTT members are in a QDTT group and the QDTT return has been filed on time, or where there is no more than one qualifying entity in the group for that fiscal year.
• A separate election is available for group members located outside Ireland, provided no IIR or UTPR top-up tax charge arises (or any charge need not be allocated entity by entity), and all relevant foreign jurisdictions also permit simplified reporting.
• The simplified reporting option does not apply to investment entities that are not excluded entities of an MNE group or large-scale domestic group.