Taxes Consolidation Act 1997 section 263F

Declarations relating to deposits made by a PEPP provider held for a PEPP

Section 263F sets out the requirements for a declaration that a PEPP (Pan-European Personal Pension) provider must make to a deposit taker in respect of deposits that are assets of a PEPP, so that those deposits are exempt from DIRT.

• A PEPP provider must make a written, signed declaration in a Revenue-prescribed form to the deposit taker, confirming that the deposit is an asset of a PEPP managed by the provider, and including the PEPP's name, address and tax reference number.
• The declaration must include an undertaking by the PEPP provider to notify the deposit taker if the deposit ceases to be a PEPP asset, including where the deposit is transferred to another PEPP.
• The deposit taker must retain all such declarations for the longer of six years or until three years after the deposit is repaid or becomes a relevant deposit, and must make them available to a Revenue inspector on request.
• A Revenue inspector may examine, take extracts from, or copy any declarations made available under this section.