Reporting of Payment Details by Life Assurance Companies
Section 891B of the Taxes Consolidated Act 1997 (as introduced by section 125 of the Finance Act 2006) gives Revenue the power, with the consent of the Minster for Finance, to enact regulations requiring specified persons to make automatic annual reports containing details of certain payments made.
Regulations were signed on 13 December 2011 which oblige Life Assurance Companies to file annual returns containing this information. The first report is for the year 2011 and this will be required by 30 September 2012. Returns for each subsequent year will be required by 31 March in the following year.
- S.I. No. 641 of 2011 (PDF, 71KB) - Return of Payments (Insurance Undertakings) Regulations 2011
- Guidance Notes for Life Assurance Companies (PDF, 179KB)
- S.I. File Specification and Guide to the Annual Transfer of Payment Data by Assurance Companies (PDF, 86KB)