Taxes Consolidation Act 1997 section 817G

Duty of person where there is no promoter

Section 817G requires any person who enters into a disclosable transaction to notify Revenue directly where there is no promoter obliged to make a disclosure.

• Where no person in the State is obliged to disclose a transaction under section 817E (promoter's obligation) or section 817F (user's obligation where the promoter is outside the State), the disclosure obligation falls on the person entering the transaction.
• The person must provide Revenue with specified information relating to the disclosable transaction within 30 working days after the specified date.
• The section is aimed at capturing schemes developed "in-house" — for example, by a company for its own use — where no external promoter is involved.
• The section was introduced by Finance Act 2010 and subsequently amended by Finance Act 2011 and Finance Act 2014.