Taxes Consolidation Act 1997 section 817Q

Regulations (Chapter 3)

Section 817Q empowers the Revenue Commissioners, with the consent of the Minister for Finance, to make regulations governing the administration of the mandatory disclosure regime for tax avoidance transactions.

• Revenue may make regulations specifying circumstances in which a person is not to be treated as a promoter, the procedures for delivering information, and transactions that are not disclosable.
• Regulations may address the form and manner of delivery of information and any supplemental or incidental matters necessary for the administration of the mandatory disclosure regime.
• Every regulation made under this section must be laid before Dáil Éireann and may be annulled by resolution of the Dáil within 21 sitting days.
• The regulations made under this power are the Mandatory Disclosure of Certain Transactions Regulations 2011 (S.I. No. 7 of 2011) and the Mandatory Disclosure of Certain Transactions (Amendment) Regulations 2014.