Pat Carey (Dublin North West, Fianna Fail)

This section makes three amendments to sections in the Taxes Consolidation Act 1997, which deal with Revenue Commissioners' powers. The definition of "financial institution" has been aligned in a number of sections to include financial institutions authorised in another member state operating in Ireland under a passport arrangement. These institutions will now come under these provisions in the same way as banks authorised by the Central Bank and Financial Services Authority of Ireland. The second area is the definition of "professional advices", which has been amended in certain sections to concisely set out parameters for disclosure of third party information and professional advices. Finally, a time limit on the submission of tax returns, within which court orders issued must be complied with, has also been inserted into the section dealing with Revenue offences.