Taxes Consolidation Act 1997 section 637

Other transactions

Section 637 allows the Revenue Commissioners to grant relief where a transaction falls within the scope of the EU Mergers Directive but is not specifically provided for under Irish law.

• Where a transaction is of a type covered by the Mergers Directive but is not dealt with by the Irish legislation in this Part, an application for relief may be made to Revenue in writing.
• Revenue may grant such relief as appears to them to be just and reasonable for the purposes of giving effect to the Directive.
• The application must be made in such form as Revenue may require.
• The provision ensures that Ireland's EU obligations to implement the Directive in full are met, even where existing EU or domestic law does not facilitate every type of transaction the Directive envisages.