Taxes Consolidation Act 1997 section 267

Repayment of appropriate tax in certain cases

Section 267 provides for the refund of deposit interest retention tax (DIRT) to certain individuals aged 65 or over, permanently incapacitated persons, approved charities, and qualifying trusts for incapacitated individuals.

• A "relevant person" is an individual (or their spouse or civil partner) who is aged 65 or over at any point during the tax year, or who is permanently incapacitated by reason of mental or physical infirmity from maintaining themselves, and the DIRT deducted exceeds their total tax liability.
• DIRT deducted from interest paid to trustees of qualifying trusts for permanently incapacitated individuals, or to charities exempt from income tax or corporation tax, must be repaid.
• Where a relevant person's total income (including deposit interest) falls within the income exemption limits due to personal reliefs, age exemption, tax credits, or loss relief, the DIRT deducted from that interest can be reclaimed. Where income marginally exceeds the exemption limit, a partial refund may still be due.
• A claim for repayment is made by completing a Form 54 Claims and submitting it to the individual's Revenue office after the end of the tax year. Alternatively, qualifying individuals may apply to have interest paid without deduction of DIRT in the first place.