Taxes Consolidation Act 1997 section 264B

Returns of special term accounts by relevant deposit takers

Section 264B requires relevant deposit takers to file annual returns with Revenue providing details of special term accounts opened during the previous year of assessment.

• Every relevant deposit taker must prepare and deliver a return to the appropriate inspector on or before 31 March each year of assessment.
• The return must include the name and address of each account holder, whether the account is medium term or long term, and the date the account was opened.
• The appropriate inspector is the inspector who last notified the deposit taker in writing, or failing that, the inspector of returns.
• Penalties under sections 1052 and 1054 apply where a relevant deposit taker fails to deliver a return.