Payment of CAT via Revenue On-line Service
In March 2004, practitioners were advised that while the Revenue On-line Service (ROS) could be used to file CAT returns electronically, the on-line payment of tax was not permitted, due to a potential conflict between the Revenue’s arrangements for electronic payment and certain provisions of the Solicitors’ accounts regulations 2001.
The committee is pleased to confirm that, following discussions with Revenue regarding technical aspects of the electronic process and on foot of certain assurances received from Revenue regarding the operation of the payment mechanism, the society’s Compensation Fund Committee has advised that it is satisfied that the process does not conflict with the provisions of the Solicitors’ accounts regulations 2001. Therefore, practitioners may now fully utilise the Revenue’s online ‘file and pay’ service for CAT.
The Probate, Administration and Taxation Committee believes that ROS will greatly assist solicitors in advising in the area of CAT.