To be treated as a qualifying company under section 110 TCA 1997, a company must notify Revenue that it is, or intends to be, a qualifying company.
- In order to be a ‘qualifying company’ a company must meet certain conditions, one of which is that it must notify an authorized officer of its intent to be a qualifying company. From 1 January 2017 additional information must be provided to Revenue as part of that notification (paragraph (f) of the definition of ‘qualifying company’ in s.110(1) TCA 1997 refers).
Tax and Duty Manual Part 04-09-03, which deals with the notification requirements that apply under s.110 TCA 1997, has been updated to clarify Revenue practice in this area.
(Source: Revenue)
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