Taxes Consolidation Act 1997 section 111AAV

Notice of Revenue assessment

Section 111AAV sets out the requirements for notifying an entity of a Revenue assessment of GloBE tax, including the method of notification, who must receive it, and the details the notice must contain.

• A Revenue officer must notify the assessed entity of a GloBE tax assessment, and may do so electronically.
• Where an authorised person prepared and delivered the GloBE return on behalf of the entity, that person must also receive a copy of the assessment notice.
• The notice must include the GloBE tax calculation and amount, the net balance after direct payments, any surcharge due, the issuing officer's details, and the appeal deadline.
• Any GloBE tax overpaid by the entity for the fiscal year may, subject to the provisions of this Part, be offset against other liabilities or repaid by Revenue.