Main TALC
Summary Note of Meeting held 14 September
The Main TALC committee met on Wednesday 14 September. The matters discussed at this
meeting were as follows:
Matters Arising – Form 46G
Revenue will confirm if taxpayers (as well as agents) will have access via ROS to the Form 46G.
Update on Attachment Orders
Revenue guidance is expected to be finalised and published on the Revenue website in the
coming weeks.
Stamp Duty Self-Assessment System
A number of issues were raised by practitioners and it was agreed that the main issues will be
discussed at the next meeting of the TALC Capital Taxes sub-committee.
PRSI Issues
Practitioners expressed concern about recent policy changes in the area of PRSI, particularly
concerning the PRSI status of propriety directors and PRSI charge on share awards.
R&D Claims
Revenue will provide details on the number of claims for R&D relief selected for
verification/audit at the next meeting of the TALC Audit sub-committee.
E-issues
ROS offline forms
Practitioners noted that recently DWT and stamp duty forms do not include a space for a client
signature. Revenue will look into this matter.
CAT and stamp duty payment options
The arrangements previously notified to practitioner bodies as to how payment for CAT and
Stamp Duty should be dealt with where an agent does not operate a client bank account were
confirmed by Revenue. These arrangements are an interim solution until such time that agents
can make the relevant payment by RDI.
Requirement for Irish bank account
Revenue confirmed that a number of foreign institutions have access to Irish bank sort codes and
ROS is capable of handling payments with Irish bank sort codes. Details of such institutions are
available from the Irish Payment Services Organisation (IPSO).
Workplan Update
Revenue Internal Review Procedures
A draft Statement of Practice (SOP) was circulated to practitioners for their comments. Further
consultation will take place over the coming weeks.
RCT
A copy of the draft regulations will be provided to the RCT sub-group shortly. The new system
is expected to go live, as planned, on 1 January 2012.
RTS Review
Revenue will provide an update at the next meeting.
Domicile Levy
Revenue confirmed that the levy is not an income tax for Irish tax purposes and that foreign tax
cannot be offset against the levy.
Mandatory Disclosure Regime
To date, seven disclosures have been made to Revenue.
Budget 2012
The date is yet to be confirmed.
Cumulative USC
Currently, employer and pension providers must operate the USC on a week-one basis. Draft
Regulations are being prepared which will provide that the USC will operate on a cumulative
basis with effect from 1 January 2012. Revenue is communicating this development to
stakeholders.
AOB

Revenue will look into the issue raised by practitioners concerning ROS incorrectly
calculating preliminary tax where the amount is based on 100% of the prior year and the
taxpayer is claiming a tax relief.

The tax treatment of receivers is under review by the TALC Direct Taxes Technical subcommittee.

Appropriate engagement will be undertaken with practitioner bodies if there is any
proposal to change the current income tax pay and file deadline.

Concerns about the introduction of EII scheme and the impact for undertakings given to
investors under the current BES were raised by practitioners.

Revenue is finalising procedures which will allow PAYE refunds to be mandated directly
to an agent account. Draft copies of the procedures will be provided to the committee.
The next meeting of the Main TALC is provisionally scheduled for Friday 9 December.