Taxes Consolidation Act 1997 section 891DA

Returns of certain payment card transactions by payment card providers

Section 891DA empowers the Revenue Commissioners, with the consent of the Minister for Finance, to make regulations requiring payment card providers to file returns on cross-border payment card transactions where the payee is located outside the State.

• Revenue may require card providers to report payee details (name, address, TIN, IBAN, BIC) and transaction details (date, time, amount, currency) for cross-border card-not-present transactions linked to Irish-issued cards
• Payees are excluded from reporting where they have fewer than 100 cross-border transactions or where the aggregate value of those transactions is less than €10,000 in the reporting period
• Authorised officers may enter a card provider's business premises to verify returns and check compliance procedures, but a District Court warrant is required to enter a private dwelling
• Penalties under section 898O apply for failure to file or for incorrect returns, and a fixed penalty of €1,265 applies for non-compliance with an authorised officer's requirements or other obligations under the section