Final Settlement System (FSS) (Amendment) Rules, 2018

L.N. 148 of 2018

INCOME TAX MANAGEMENT ACT

(CAP. 372)

Final Settlement System (FSS) (Amendment) Rules, 2018

IN EXERCISE of the powers conferred by articles 23 and 58 of

the Income Tax Management Act, the Minister for Finance has made

the following rules:-

(1) The title of these rules is the Final Settlement Citation and

System (FSS) (Amendment) Rules 2018, and these rules shall be read commencement.

and construed as one with the Final Settlement System (FSS) Rules, S.L. 372.14

hereinafter referred to as "the principal rules".

(2) These rules shall be deemed to have come into force on the

1st April, 2018.

In sub-rule (2) of rule 15 of the principal rules, for the words Amends rule 15

"and signed by the payer." there shall be added the words "and signed of

rules.

by the payer:" and immediately thereafter there shall be added the

following

"Provided that, when so directed by the Commissioner, the

payer shall make the said remittance by means of an electronic

payment.".

Rule 25 of the principal rules shall be amended as follows

(a) in sub-rule (1) thereof, immediately after the words

"recoverable as such" there shall be added the words "together

with interest, which shall be charged as provided in article

44(2A) of the Act"; and

(b) in sub-rule (2) thereof, immediately after the words

"prescribed period" there shall be added the words ", together

with interest".

Schedule C to the principal rules shall be amended as Amends

Schedule C to the

follows

principal rules.

(a) for item 3 there shall be substituted the following:"

3. MONTHLY PAYMENT ADVICE

The payer fails to forward to the Commissioner a

€15.

Rule

monthly payment advice (including a nil advice)

15(2)

and

as required and within the time prescribed by rule

15 and in the manner provided under rule 20.

Rule 20

(b) for item 4 there shall be substituted the following

"

4. PAYER’S ANNUAL RECONCILIATION

STATEMENT

The payer fails to submit to the Commissioner a

€200

Rule 22

Payer’s Annual Reconciliation Statement

together with the original of all Payee Statements

of Earnings as required and within the time

prescribed by rule 22.

"; and

(c)

item 5 shall be deleted.

€0.18