Taxes Consolidation Act 1997 section 152

Explanation of tax credit to be annexed to interest and dividend warrants

Section 152 requires companies to provide written statements with dividend and distribution payments, and sets out penalties for non-compliance.

• Every dividend or interest payment that is a distribution must be accompanied by a written statement showing the amount paid and the period covered.
• Where a dividend includes an amount paid out of capital profits, this must be separately identified in the statement.
• A company that fails to comply faces a penalty of €200 per failure, up to a maximum of €2,000 per distribution.
• For other distributions not covered by the dividend warrant rules, a recipient can request a written statement of the amount or value received.