Form 46G – Fill Out and Use This PDF

NOTES

Payments to be returned by Companies on Form 46G (Company) include:

λpayments made, in the course of the trade, business or activity, for services rendered in connection with the trade, business or activity including payments for services provided in connection with the formation, acquisition, development and disposal of the trade, business or activity (including such payments made on behalf of others),

λparticulars of other valuable consideration, i.e. where the payment for the services provided is given in a form other than money,

λpayments for copyright.

The amount of the payment for services shown should normally be exclusive of VAT. However, payments may be returned inclusive of VAT by companies, etc. whose records are maintained on a basis that would make it difficult to make the return on a VAT exclusive basis. Persons not registered for VAT may make returns inclusive or exclusive of VAT.

Indicate on the front page whether the figures enclosed are VAT inclusive. In the case of each transaction returned on pages 2 and 3 indicate if VAT was charged.

This return form may be completed on an accruals basis (as opposed to a strict payment basis) provided that this basis is then consistently applied.

Payments which may be excluded are those:

λMade to any person* where the total amount for the year does not exceed €6,000

λFrom which Income Tax has been deducted (e.g. PAYE, Withholding Tax)

λIn which the value of goods provided as part of the service exceeds two-thirds of the total charge

λMade to Government Departments, Health Boards, VEC’s, Local Authorities and Semi-State Bodies (such as ESB, Bord Gáis, An Post)

λMade to Non-Residents

λMade by a Principal, registered for Relevant Contracts Tax, where the payments are returned on Form RCT35.

*Person includes individual, company and any unincorporated body of persons.

Further Information is available in Leaflet IT 16 Third Party Returns (Automatic Return of Certain Information), which is available on

Revenue’s website www.revenue.ie, from Revenue’s Forms and Leaflets Service by phoning LoCall 1890 306 706 (Republic of Ireland only) or from any Revenue office.

The Services in respect of which returns of payments are required are:

Accountancy (including Auditing, Taxation, Secretarial, etc.), Actuarial, Advertising/Promotion, Agricultural/General Contracting, Architectural (including Draughtpersons), Auctioneering, Book-keeping, Building Repair/Maintenance, Catering, Cleaning, Commissions, Computer (including Software), Consultancy, Courier/Delivery, Dentistry, Diving, Electrical, Engineering, Entertainment (Musicians, Singers, etc.), Equipment/Plant Hire, Exhibitions, Haulage, Journalism, Legal, Medical, Merchandising, Model Agency, Nursing, Photographic, Plumbing, Printing, Promotion, Public Relations, Secretarial, Security & Investigation, Surveying, Training/Education, Translation/Interpreting, Transport, Vehicle Repair/Maintenance, Veterinary.

The following Third Party Returns can also be made automatically in electronic format if you wish:

Form 8-2 By persons in receipt of income of others.

Form 8-3 By any person who, as an agent, manages premises or is in receipt of rents or other payments arising from premises.

Form 8-4 By any Authority/Body which makes any payment in the nature or for the purpose of rent subsidy in relation to any premises. Form 8B-A By Financial Institutions paying or crediting interest to Irish residents without deduction of tax.

Form 8B-B By intermediaries who act in connection with the opening of foreign accounts with deposit holders. Form 8-D By persons who act as intermediaries in relation to material interests in offshore products.

Form 8-E By any Relevant Deposit Takers in respect of Special Term Accounts.

Form 8-F By an auctioneer or any person carrying on a trade of dealing in any description of tangible moveable property. Form 8-G By Credit Unions in relation to Special Term Share Accounts.

Form 21R By persons who are nominee holders of securities.

Form 46G By traders and other persons carrying on a business or activity (including Government Departments and Statutory Bodies).

Electronic Filing/Specifications

This return can be submitted electronically. A spreadsheet template is available on Revenue's website www.revenue.ie which can be submitted by secure email to OPED-3rdPartyReturns@revenue.ie. Additional information is included on Revenue's website - see Third Party Returns - A guide to the submission of returns in electronic form at www.revenue.ie/forms/tpr_guide.doc which provides technical specifications for the submission of returns in electronic format and includes information on secure email.

Audit

This return may be subject to Audit by Revenue. The law provides that Revenue may make enquiries or take such actions as are considered necessary to verify the accuracy of a return.

Penalties

The law provides for penalties for -	These include -	PENALTIES from €125
λ Failure to make a return, OR		€
		FINES up to 126,970
λ The making of a false return, OR		and/or
λ Helping to make a false return.	PAGE 4	IMPRISONMENT