Finance Act, 1992

• Permanent Page URL

Amendment of section 19 (returns by certain intermediaries in relation to UCITS) of Finance Act, 1989.

229.—As respects relevant facilities provided by an intermediary on or after the 1st day of June, 1992, section 19 of the Finance Act, 1989 , is hereby amended—

(a) by the insertion, in subsection (1), of the following definition after the definition of “relevant UCITS”:

“‘tax reference number’, in relation to a person, has the same meaning as is assigned to it in section 22 of the Finance Act, 1983 , in relation to a specified person within the meaning of that section;”,

(b) by the insertion, in paragraph (a) of subsection (2), after “addresses” of “and tax reference numbers”, and

(c) by the substitution of the following subsections for subsection (3):

“(3) Where a person who is resident in the State avails of relevant facilities provided by an intermediary in relation to relevant UCITS he shall furnish to the intermediary details which the intermediary is required to include in a return to the inspector in accordance with subsection (2), or would be required to include in such a return if a notice under the subsection were served on the intermediary, and the intermediary shall take all reasonable care (including, where necessary, the requesting of documentary evidence) to confirm that the details furnished are true and correct.

(4) Schedule 15 to the Income Tax Act, 1967 , is hereby amended by the insertion—

(a) in column 2 of ‘ Finance Act, 1989 , section 19 (2)’, and

(b) in column 3 of ‘ Finance Act, 1989 , section 19 (3)’.”,

and the said paragraph (a) (apart from subparagraphs (i), (ii) and (iii) thereof), as so amended, is set out in the Table to this section.

TABLE

(a) the names and addresses and tax reference numbers of all persons resident in the State in respect of whom the intermediary has in the course of providing relevant facilities in relation to a relevant UCITS during such period as shall be specified in the notice—