Legislation to cater for ROS was included in the 1999 Finance Act. This legislation provides for an approval of persons to transmit data in an approved matter; i.e. using ROS.
The change in legislation:
- Allows an approved or authorised person electronically transmit the information required on a return on behalf of a taxpayer without the need for the taxpayer's signature. Once this is done the person obliged to make the return is deemed to have satisfied his/her legal obligation to do so.
- Does away with the need to submit supporting documentation or declarations.
- Allows for the recognition electronic transmission for legal purposes.
- Ensures that return information cannot be repudiated at a later stage.