Finance Act 2004

Amendment of section 531 (payments to subcontractors in certain industries) of Principal Act.

20.—(1) Section 531 of the Principal Act is amended—

(a) by inserting the following after subsection (6)(b):

“(ba) (i) the setting up by the Revenue Commissioners and the maintenance by them of a register containing details of every person who is a principal within the meaning of section 530(1), and

(ii) requiring every such person as is specified in the regulations, to notify the Revenue Commissioners within the period and in such manner as is provided for in the said regulations, that that person is a principal for the purposes of this Chapter;”,

(b) by inserting the following after subsection (11)(b):

“(ba) Notwithstanding paragraph (a), where the Revenue Commissioners have issued a certificate of authorisation to a person under the provisions of that paragraph or paragraph (b), the Revenue Commissioners may issue a further certificate of authorisation to that person without a requirement that the person make a further application to them in that behalf, where they are satisfied, in respect of that person, in relation to the matters specified in subparagraphs (i) to (vi) of paragraph (a), or, as the case may be, where the provisions of paragraph (b) apply.”,


(c) in subsection (20), by substituting “subsection (17) or subsection (17A)” for “subsection (17)”.

(2) (a) Paragraph (a) of subsection (1) applies as and from the date of passing of this Act.

(b) Paragraph (b) of subsection (1) applies as on and from 1 January 2004.

(c) Paragraph (c) of subsection (1) is deemed to have applied as respects the year 1999-2000 and subsequent years of assessment.