Taxes Consolidation Act 1997 section 524

Identification of specified persons and submission of payment notifications

Section 524 sets out the identification requirements for persons receiving payments subject to professional services withholding tax and the process for submitting payment notifications to Revenue.

• A specified person must provide the accountable person with tax identification details: an Irish-resident person supplies income tax or corporation tax and VAT numbers, while a non-resident person supplies country of residence, foreign tax reference, and contact details.
• Where a relevant payment is made to a partnership, the precedent partner must furnish the partnership's tax number to the accountable person, and the accountable person may require evidence from Revenue that any number supplied is correct.
• On making a relevant payment, the accountable person must submit a payment notification through the PSWT service, specifying the payee's details, the payment amount, the tax deducted, and the payment date, and must correct any errors discovered before the return filing date.
• The PSWT service issues a payment notification reference number as an acknowledgement, and the accountable person must provide the payee with a written or electronic statement of the payment details and, if requested, the reference number.