sec.8Period to which royalty return must relate

sec.8 Period to which royalty return must relate

A royalty return required under the Act to be lodged by a person must relate to a period of— if the mining operation to which the return relates is under 1 or more mining authorities, at least 1 of which is a mining lease—a calendar quarter; or otherwise—a financial year. However, if the revenue commissioner considers it appropriate having regard to the amount of royalty likely to be payable for a mining operation, the revenue commissioner may decide that— for a mining operation to which subsection (1) (a) applies—a royalty return must relate to a financial year; or for a mining operation to which subsection (1) (b) applies—a royalty return must relate to a calendar quarter. Also, at a person’s request or with a person’s agreement, the revenue commissioner may decide that, for a mining operation to which subsection (1) (b) applies, a royalty return required to be lodged by the person must relate to a calendar quarter. If the revenue commissioner makes a decision mentioned in subsection (2) (a) or (b) or (3) — the revenue commissioner must give notice (the notice ) of the decision to the person required to lodge the return; and the notice must state the day on which the decision is to take effect; and for subsection (2) (b) —the day stated in the notice can not be earlier than the day the revenue commissioner gives the person the notice unless the person agrees otherwise. The decision takes effect on the day stated in the notice. (sec.8-ssec.1) A royalty return required under the Act to be lodged by a person must relate to a period of— if the mining operation to which the return relates is under 1 or more mining authorities, at least 1 of which is a mining lease—a calendar quarter; or otherwise—a financial year. (sec.8-ssec.2) However, if the revenue commissioner considers it appropriate having regard to the amount of royalty likely to be payable for a mining operation, the revenue commissioner may decide that— for a mining operation to which subsection (1) (a) applies—a royalty return must relate to a financial year; or for a mining operation to which subsection (1) (b) applies—a royalty return must relate to a calendar quarter. (sec.8-ssec.3) Also, at a person’s request or with a person’s agreement, the revenue commissioner may decide that, for a mining operation to which subsection (1) (b) applies, a royalty return required to be lodged by the person must relate to a calendar quarter. (sec.8-ssec.4) If the revenue commissioner makes a decision mentioned in subsection (2) (a) or (b) or (3) — the revenue commissioner must give notice (the notice ) of the decision to the person required to lodge the return; and the notice must state the day on which the decision is to take effect; and for subsection (2) (b) —the day stated in the notice can not be earlier than the day the revenue commissioner gives the person the notice unless the person agrees otherwise. (sec.8-ssec.5) The decision takes effect on the day stated in the notice.