Taxes Consolidation Act 1997 section 530C

Notification of relevant payment by principal

Section 530C requires a principal to notify Revenue electronically before making a relevant payment to a subcontractor, and provides for regulations governing the notification process.

• Before making a relevant payment to a subcontractor, a principal must notify Revenue of the intention to pay and the amount of the payment.
• The payment notification must be submitted by electronic means, with the electronic filing provisions of Chapter 6 of Part 38 applying.
• Revenue shall make regulations covering matters such as the method of electronic communication, the details to be included in the notification, and the circumstances in which a notification may be cancelled.
• The regulations may also require that a subcontractor be notified where a payment notification is cancelled, and may deal with any other related matters.