Taxes Consolidation Act 1997 section 817HA

Duty of person who obtains tax advantage

Section 817HA sets out the obligations of persons who obtain, or seek to obtain, a tax advantage from a disclosable transaction, and of persons who enter into such transactions.

• Any person who obtains or seeks to obtain a tax advantage from a disclosable transaction is a chargeable person and must file a tax return under Part 41A.
• A person who enters into a disclosable transaction must provide the transaction number to any other person who seeks to obtain a tax advantage from that transaction.
• The transaction number must be included in the person's Form 11 or Form CT1 for each chargeable period in which the person entered into the transaction or obtained or sought a tax advantage.
• Where no transaction number was assigned or provided, a person is deemed compliant if they supply Revenue with the specified information by the return filing date.