Form Aos1 PDF Details

Understanding the intricacies of Form AOS1, a critical document for companies engaging in the acquisition of their own shares or shares in their holding company, is essential for compliance with the Taxes Consolidation Act 1997 (TCA 1997). This form serves as a return for payments treated as non-distributions under Section 176 of the TCA 1997, necessitating detailed information about the transaction, including the company's name, registered office, tax reference number, and the accounting period during which the payment was made. Crucially, the form must be signed by a secretary or another authorized officer attesting to the compliance with various requirements set out in the act, such as the conditions for the redemption, repayment, or purchase of shares. The guide outlines the situations under which a company must submit this return, emphasizing that a separate return is needed for each payment that falls within the specified criteria. The notes provided within the form, including the necessity for the return to be filed within nine months of the accounting period's end and the penalties for non-compliance, underscore the importance of accurate and timely submission. By adhering to these guidelines, companies ensure proper documentation of their share acquisition transactions in alignment with the TCA 1997, thereby maintaining compliance and avoiding potential penalties.

QuestionAnswer
Form NameForm Aos1
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesSHAREHOLDING, aos1, AOS1, TCA1997

Form Preview Example

Form AOS1

Acquisition by a Company of its own Shares

(or of shares in its holding company)

RETURN OF A PAYMENT WHICH, OR PART OF WHICH, A COMPANY TREATS AS NOT BEING A DISTRIBUTION BY

VIRTUE OF SECTION 176 TAXES CONSOLIDATION ACT 1997 (TCA 1997)

(a separate return is required in respect of each payment)

Name of Company

Address of Registered Office

Tax Reference Number

Company Accounting Period FROM

TO

DECLARATION

To be completed by Secretary or other authorised officer of the company

I declare that, to the best of my knowledge and belief:

(a)the Company is an unquoted trading/holding company (See Note 2),

(b)(i)* the redemption, repayment or purchase meets the requirements set out in subparagraph (i) of

Section 176(1)(a) TCA 1997 (or, as the case may be, the said subsection (1) as applied by Section 176(2) TCA 1997), and the conditions set out in Sections 177 to 181 TCA 1997, so far as applicable, are satisfied in relation to the vendor of the shares, or

(ii)* the person to whom the payment was made meets the requirements of subparagraphs (i) and (ii) of Section 176(1)(b) TCA 1997,

(c)the return is correct and complete. *Tick as appropriate.

Signature

Date

Capacity

NOTES

1.Section 182 TCA 1997 requires a company to make a return of any payment which it treats as one which comes within subsection (1) or (2) of Section 176 TCA 1997. The return is required within nine months of the end of the accounting period in which the payment is made or within such other period as is specified by the Inspector.

2.In paragraph (a) of the declaration “Company” means the company making the return except in a case where Section 176(2) TCA1997 applies when it means the company whose shares were acquired. Delete either 'trading' or 'holding', as appropriate.

3.A return need not be made for any accounting period in which no such payment is made.

4.If any of the panels is found to be too small the details requested may be supplied separately.

5.When completed this form should be returned to the company's Revenue Office.

6.Explanatory notes on the completion of Form AOS1 are available on Revenue's website www .revenue.ie or from any Revenue Office.

PENALTIES

The law provides for penalties for a company failing to make a return.

In addition the Secretary of such a company may be liable to a separate penalty.

A. Date the payment was made

B.Circumstances by reason of which subsection (1) or (2) of Section 176 TCA 1997 is regarded as applying to the payment.

C.Details of the issued shares of the company immediately prior to the payment

NAME OF SHAREHOLDER

TYPE OF SHARE

SHAREHOLDING

D.Where the company is a member of a group (as defined in Section 179(1) TCA 1997), give details of the other members of the group

FULL NAME

TAX REFERENCE, IF APPLICABLE

E.In a case where the payment was for shares in another company enter:

Name of Company

Tax Reference

Details of the issued shares immediately prior to the payment

NAME OF SHAREHOLDER

TYPE OF SHARE

SHAREHOLDING

F.Details of vendor (i.e. the person to whom the payment is made)

Name of Vendor Address

Tax Reference

Residence

Status

Number and Class of Shares acquired

Acquisition Price

£

Method of Payment

Date of Acquisition of these shares by the vendor

G.Where Section 176(1)(b) TCA 1997 applies, enter

Name of deceased

Date of Death

Reference Number in Direct Taxes Interpretation and International Division, Dublin Castle

Amount of Inheritance Tax paid or payable

A full explanation of the circumstances in which there would be undue hardship if the tax were to be otherwise discharged

Quote the Reference Number of any previous correspondence on this matter with the Revenue Commissioners

be

£

How to Edit Form Aos1 Online for Free

You'll be able to work with form aos1 revenue effortlessly by using our online tool for PDF editing. The tool is continually maintained by us, getting handy features and becoming better. With some basic steps, you'll be able to start your PDF journey:

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It will be an easy task to complete the pdf using this helpful tutorial! Here is what you have to do:

1. It is important to complete the form aos1 revenue properly, therefore take care while filling out the parts that contain these specific blank fields:

How to complete aos1 form portion 1

2. Soon after the previous selection of blanks is filled out, go on to type in the relevant information in these: b i the redemption repayment or, Section a TCA or as the case may, ii the person to whom the payment, Section b TCA, c the return is correct and, Tick þ as appropriate, Signature, Capacity, Date, NOTES, Section TCA requires a company, In paragraph a of the declaration, A return need not be made for any, and If any of the panels is found to.

Section TCA requires a company, Date, and Section a TCA or as the case may of aos1 form

3. This next section will be about A Date the payment was made, B Circumstances by reason of which, payment, C Details of the issued shares of, NAME OF SHAREHOLDER, TYPE OF SHARE, SHAREHOLDING, D Where the company is a member of, members of the group, FULL NAME, and TAX REFERENCE IF APPLICABLE - fill in these blanks.

How you can fill in aos1 form part 3

4. The next subsection will require your input in the following places: FULL NAME, TAX REFERENCE IF APPLICABLE, In a case where the payment was, Name of Company, Tax Reference, Details of the issued shares, NAME OF SHAREHOLDER, TYPE OF SHARE, SHAREHOLDING, F Details of vendor ie the person, Name of Vendor, Address, Tax Reference, and Residence Status. Make certain you enter all required info to go forward.

aos1 form writing process detailed (stage 4)

Regarding Address and SHAREHOLDING, be sure that you do everything right here. These two could be the most significant fields in this form.

5. And finally, this last subsection is what you should wrap up prior to finalizing the PDF. The fields at this stage include the following: Number and Class of Shares acquired, Acquisition Price, Method of Payment, Date of Acquisition of these, G Where Section b TCA applies, Name of deceased, Date of Death, Reference Number in Direct Taxes, Amount of Inheritance Tax paid or, A full explanation of the, and Quote the Reference Number of any.

aos1 form writing process explained (step 5)

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