Taxes Consolidation Act 1997 section 817HB

Duty of Revenue Commissioners

Section 817HB sets out Revenue's obligations on receiving disclosures of disclosable transactions and the requirement on taxpayers to include transaction numbers on their tax returns.

• Revenue must, within 90 days of receiving a disclosure, either assign a unique transaction number or determine that the transaction is not disclosable, and notify the person who made the disclosure accordingly.
• Where Revenue requests supplemental information, the 90-day period runs from the date all such supplemental information is received.
• A person who obtains, or seeks to obtain, a tax advantage from a disclosable transaction must include the transaction number on their Form 11 or Form CT1 for each relevant year.
• A person not provided with a transaction number is deemed to comply with the reporting obligation if they instead provide Revenue with the specified information about the transaction.