Revenue eBrief No. 149/18
30 July 2018
Repayments and Offsets of Taxes and Duties
Tax and Duty Manual Part 37-00-30 has been revised and updated to include material on section 84(1) of the Finance Act 2017 which inserted a new section 865(10) TCA under which Revenue may repay tax to a successor company or companies in respect of tax overpaid by a transferor company following a merger or division (see section 8 of the revised manual).
This section provides for repayment of tax to be apportioned on a just and reasonable basis.