Finance Act 2008
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Returns and payment. |
60.— (1) For the purposes of section 59 , a supplier shall, before the end of the month following an accounting period, deliver to an officer a return in such form as the Commissioners may require, of— | |
(a) the units supplied during such accounting period for business use and non-business use, | ||
(b) in respect of the reliefs under section 63 , the number of such units that have been deemed by the supplier to have qualified for relief under each paragraph of subsection (1) of that section. | ||
(2) For the purposes of subsection (1), the supplier shall, in accordance with prescribed criteria, deem whether a supply is taxable at a rate set down in Schedule 2 or is relieved from tax under section 63 . | ||
(3) The Commissioners may require that the return under subsection (1) be delivered to them by electronic means. | ||
(4) (a) Except where paragraph (b) applies, the supplier shall, in accordance with the return under subsection (1), pay the amount of tax due in respect of an accounting period before the end of the month following such accounting period, and such supplier shall ensure that the Commissioners are authorised to debit such amount from the account of such supplier in a financial institution. | ||
(b) Without prejudice to paragraph (a), where it is estimated that the tax liability of a supplier for an accounting period will exceed €100,000, the Commissioners may require such supplier to pay the tax due in respect of interim periods, determined by them, during such accounting period, and any such interim period shall not be less than one month or greater than 6 months. | ||
(c) Where paragraph (b) applies, the supplier shall pay the amount of tax due in respect of an interim period before the end of the month following such interim period, and shall ensure that the Commissioners are authorised to debit such amount from the account of such supplier in a financial institution. |