Taxes Consolidation Act 1997 section 529A

Partnerships

Section 529A provides the framework for how relevant payments for professional services supplied by a partnership are made and apportioned among the partners.

• Where a professional service is provided in the conduct of a partnership trade or profession, the accountable person may make a relevant payment (including medical services payments under section 522) in the name of the partnership or in the name of the person who provided the services on behalf of the partnership, and may submit the payment notification accordingly.
• The relevant payment is deemed to have been made to each partner in the proportion in which the partnership profits or losses for the chargeable period are shared among the partners, and the professional services withholding tax deducted is apportioned between the partners in the same proportion.
• The precedent partner must issue a statement to each partner showing the apportionment of the payment and the tax deducted, the basis for that apportionment, and the details provided by the accountable person (such as the accountable person's name, tax reference number, gross payment, tax deducted, and date of payment). The statement may be issued in writing or by electronic means in a form approved by the Revenue Commissioners.
• It is the responsibility of the precedent partner to provide the accountable person with the partnership's tax reference number.