Posted by Revenue eBrief No. 111/20
Tax and Duty Manual Part 38-03-13 – Third Party Returns: Requirement to Report Information Automatically – has been amended to include updated procedures for completing the following:
- Form 8-2 (Persons in receipt on Income on behalf of others)
- Form 8-3 (Letting agents and property managers)
- Form 21R (Nominee shareholders).
The Form 8-3 procedures include a new requirement, to come into effect in 2021, to report the tax reference number of the property owner and the Local Property Tax ID number of the let property.
Extract:
- Introduction
This manual sets out practical arrangements for making the automatic returns of information required under section 894 TCA 1997.
This section requires automatic filing of the following returns:
| Form 46G | return of payments made by individuals, trusts, partnerships, and unincorporated bodies for services rendered (s889, TCA 1997) |
| Form 46G (Company) | return of payments made by companies for services rendered (s889, TCA 1997). |
| Form 8-2 | return by persons in receipt of income belonging to others (s890, TCA 1997). |
| Form 8B-A | return by financial institutions paying or crediting interest without deduction of tax (s891, TCA 1997) |
| Form 8-3 | return by letting agents and managers of premises (s888(2)(d), TCA 1997). |
| Form 21R | return by nominee shareholders (s892, TCA 1997). |
Sections 2, 3, and 4 of this document outline filing arrangements common to all the returns listed above. Sections 5, 6 and 7 provide guidance for completing Forms 8-2, 8-3 and 21R. Section 8 details arrangements in respect of submission of Forms 8-2, 8B-A, 8-3, and 21R. Section 9 provides guidance on the Form 46G and Form 46G (Company). Section 10 outlines special arrangements in respect of solicitors, representatives of deceased persons, and certain others.
Bookkeepers Ireland 