Reporting Dates For Return Of Values Regs. Confirmed

Author:Mr Fionán Breathnach and Mark Browne
Profession:Mason Hayes & Curran

Following correspondence shared by the Irish Funds Industry Association (theIFIA) with the Revenue Commissioners (Revenue) in Ireland, the reporting dates applicable under the proposed Return of Values (Investment Undertaking) Regulations 2013 (theRegulations), have been confirmed. In a letter dated 21 January 2013, the IFIA suggested that the date for the filing of the first return under the Regulations be set for 30 September 2013 as opposed to 30 June 2013. Revenue has accepted this suggestion and the 30 September 2013 deadline now means that the industry has sufficient time to implement the processes necessary to comply with the Regulations. The Regulations currently provide for unit holder's tax reference numbers to be reported from 1 January 2013. In its letter to Revenue, the IFIA outlined how all firms and funds...

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