Irish Revenue to get automatic reporting of Deposit Interest information from Financial Institutions
May 7th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Revenue Commissioners, with the consent of Mr. Brian Cowen, T. D., Tánaiste and Minister for Finance, yesterday, 6 May 2008, made regulations requiring certain financial institutions to make automatic returns of interest and other similar payments to them. The regulations apply to banks, buildings societies, credit unions and the Post Office Savings Bank where accounts or investments pay more than €635 in a year.