Taxes Consolidation Act 1997 section 530D

Deduction authorisation

Section 530D provides for the issuing of deduction authorisations and deduction summaries by the Revenue Commissioners under the relevant contracts tax (RCT) system, and for the making of regulations governing those processes.

• When a principal notifies Revenue of a relevant payment under section 530C, Revenue must issue a deduction authorisation specifying the rate of tax (including, where appropriate, zero) and the sum of tax to be deducted from that payment.
• At the end of each return period, Revenue must issue a deduction summary to every registered principal covering that period.
• All deduction authorisations and deduction summaries must be issued by electronic means.
• Revenue must make regulations covering matters such as the method of electronic communication, the validity period of authorisations, the content of deduction summaries, and the principal's obligation to ensure summaries accurately reflect payments made and tax deducted.