Revenue eBrief No. 163/23

14 July 2023

DIRT and Company, Pension Scheme and PEPP Provider Deposits

Tax and Duty Manual Part 08-04-02– Company, Pension Scheme and PEPP Provider: Deposits and Foreign Bank Accounts – has been updated to reflect the Finance Act 2022 amendments in respect of PEPP Providers.

The amendments provide that interest on a deposit of a PEPP Provider that is an asset of a PEPP can be paid gross [i.e. without deduction of Deposit Interest Retention Tax] where a declaration, in accordance with Section 263F Taxes Consolidation Act 1997, has been provided to the deposit-taker.