Taxes Consolidation Act 1997 section 848AE

Regulations (Part 36B)

Section 848AE empowers the Revenue Commissioners to make regulations governing the administration of the Part 36B tax relief scheme for pension contributions, and provides for parliamentary oversight of those regulations.

• Revenue may make regulations covering all aspects of the administration of Part 36B, including the registration of administrators, the making and correction of returns, the claiming and payment of tax credits, document retention periods, and compliance examinations.
• Regulations may prescribe how an administrator is to be registered under section 848AD and how returns required under sections 848AB and 848AC are to be made and corrected.
• Regulations may also set out the procedures for claiming and receiving tax credits, the period for which supporting documents must be retained, and how Revenue may examine an administrator's compliance procedures.
• 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.