Mandatory Disclosure of Certain Transactions (section 149 of Finance Act 2010)
Consultation Document and Draft Regulations
The Office of the Revenue Commissioners has published a consultation document, with accompanying draft regulations, draft guidance notes and draft forms relating to the Mandatory Disclosure of Certain Transactions legislation introduced in section 149 of the Finance Act 2010.
The draft regulations identify the types of transaction that have to be disclosed, along with the information to be disclosed and the time periods for doing so. The draft guidance notes provide detailed commentary on the legislation and draft regulations and set out how the mandatory disclosure scheme is intended to operate in practice.
An Irish language version of the Consultation Document will issue shortly.
Revenue would welcome comments on these documents from tax practitioners and other interested parties.
You are invited to comment by 15 September 2010.
You can participate in this consultation by sending your comments to:
Email: MDConsultation@revenue.ie
Post: Vivion O’Brien
Office of the Revenue Commissioners
Mandatory Disclosure Consultation Team
New Stamping Building
Dublin Castle
Dublin 2.
Phone: (01) 6748685
All submissions received will be subject to the Freedom of Information Acts.
Consultation Document - Mandatory Disclosure Of Certain Transactions (PDF, 75KB)- Legislation (Finance Act 2010)
- Commentary on Section 149 Finance Act 2010 (PDF 51KB)
- Draft Regulations (PDF, 100KB)
- Draft Guidance Notes On Mandatory Disclosure Regime (PDF, 235KB)
- Form MD1 - Promoters (PDF, 625KB)
- Form MD2 - Transaction Users (PDF, 636KB)
- Form MD3 - Continuation Sheet (PDF, 505KB)
- Form MD4 - Client List (PDF, 640KB)
- Form MD5 - Client List - Continuation Sheet (PDF, 508KB)