Taxes Consolidation Act 1997 section 898O

Penalty for failure to make returns, etc.

Section 898O imposes penalties on persons who fail to make returns or who make incorrect or incomplete returns under the EU savings reporting provisions.

• A person who fails without reasonable excuse to comply with return requirements, or who makes an incorrect or incomplete return, is liable to a penalty of €19,045.
• Where a failure to comply or a failure to make a return continues, an additional daily penalty of €2,535 applies for each day the failure persists.
• Penalties are recoverable using the same procedures as apply to other Revenue penalties under section 1061.
• A certificate signed by a Revenue officer stating that a return was not received is admissible as evidence in penalty proceedings without further proof.