Taxes Consolidation Act 1997 section 817M

Duty of promoter to provide client list

Section 817M requires a promoter of a disclosable transaction to provide Revenue with a client list identifying the persons to whom the transaction has been made available for implementation.

• A promoter must provide Revenue with a client list for each disclosable transaction, stating each client's name, address and, where known, tax reference number.
• The initial client list must be provided within 30 days of the promoter first making the transaction available for implementation or, where applicable, first becoming aware that any part of the transaction has been implemented.
• Updated client lists must be provided within 5 days after the end of each subsequent calendar quarter, but only where new clients have been added since the previous list.
• A client need not be included on any client list if the promoter is satisfied, at the time of furnishing the list, that the client has not entered into any transaction forming part of the disclosable transaction.