sec.50Royalty estimate notice

sec.50 Royalty estimate notice

The notice given by the revenue commissioner to a person under section 327A (1) of the Act (a royalty estimate notice ) must include each of the following— the future period (the estimate period ) for which the person is required to give the revenue commissioner a royalty estimate for the person; the day by which the person must give the royalty estimate; the form in which the person must give the royalty estimate; a description of the information the person must give in the royalty estimate. For subsection (1) (d) , the information the revenue commissioner may require the person to give in the royalty estimate includes the following— an estimate of the royalty payable by the person under section 320 of the Act for the estimate period; identification of each type of mineral the person expects to sell, dispose of or use in the estimate period; for each type of mineral identified under paragraph (b) —an estimate of the volume of the mineral the person expects to sell, dispose of or use in the estimate period; the exchange rate, if any, the person has assumed for working out the estimate of royalty mentioned in paragraph (a) . Subsection (2) does not limit the information the revenue commissioner may require the person to give in the royalty estimate. (sec.50-ssec.1) The notice given by the revenue commissioner to a person under section 327A (1) of the Act (a royalty estimate notice ) must include each of the following— the future period (the estimate period ) for which the person is required to give the revenue commissioner a royalty estimate for the person; the day by which the person must give the royalty estimate; the form in which the person must give the royalty estimate; a description of the information the person must give in the royalty estimate. (sec.50-ssec.2) For subsection (1) (d) , the information the revenue commissioner may require the person to give in the royalty estimate includes the following— an estimate of the royalty payable by the person under section 320 of the Act for the estimate period; identification of each type of mineral the person expects to sell, dispose of or use in the estimate period; for each type of mineral identified under paragraph (b) —an estimate of the volume of the mineral the person expects to sell, dispose of or use in the estimate period; the exchange rate, if any, the person has assumed for working out the estimate of royalty mentioned in paragraph (a) . (sec.50-ssec.3) Subsection (2) does not limit the information the revenue commissioner may require the person to give in the royalty estimate.

• (a) the future period (the estimate period ) for which the person is required to give the revenue commissioner a royalty estimate for the person;
• (b) the day by which the person must give the royalty estimate;
• (c) the form in which the person must give the royalty estimate;