The Gazette 1975

sioners will then consult with your Society as to the procedures to be adopted. As part of the arrangement the Commissioners would not institute proceedings against any solicitor complying with the arrangement, in respect of the penalties provided by law for failure to make the requisite returns under the aforesaid Section 176 for the year 1974/75 or earlier years. It is understood that Council of your Society has accepted the proposed arrangement in principle and that final acceptance thereof is subject to confirmation by the Council on receipt of this letter. I am to request you to advise the Commissioners as soon as possible of final acceptance of the arrangement in the terms outlined. Yours faithfully, G. A. Walsh. Forms 8-2 (Solicitor) 1. This book contains copies of forms 8-2 (Solicitor) —4 forms to each page—interleaved with blank sheets. 2. The forms are to be completed for all payments made by solicitors to their clients in respect of money or value or of profits or gains araising from from any of the sources mentioned in the Income Tax Acts. 3. One form should be completed for each payment. 4. The name and address of the payee should be given in each case. 5. Where surplus deposit interest is transferred from a client account to the Solicitor's/Firm's account, the transfer should be treated as a payment to the Solicitor/Firm and a form completed in respect thereof. 6. By using the carbon paper supplied the blank sheets will provide for the solicitor's own uses a record of all payments. 7. After the end of the income tax year the inspector of taxes will request (on form 8-2) the return to him of all completed forms 8-2 (Solicitor) in respect of that year. 8. The completed forms should be detached and returned to the inspector together with the com- pleted form 8-2. (If no payments had been made in the year this should be recorded on the form 8-2 which should then be returned to the inspector). 9. Further copies of this book may be had on request from the inspector of taxes. James J. Ivers, Esq., Director General.

provisions of Section 176 of the Income Tax Act, 1967. Arising out of the discussions and in accordance with the points of agreement reached, the following is the proposed arrangement. 1. The Commissioners will supply special forms for completion by solicitors. (Draft copies enclosed). 2. The forms will be contained in a book, four forms to each page, with blank sheets interleaved. 3. Carbon sheets will be supplied with each book so that entries will be recorded in duplicate — the blank sheets providing a record for the solicitors' purposes. 4. The forms will be completed for all payments by solicitors to clients in respect of money or value, or of profits or gains, arising from any of the sources mentioned in the Income Tax Acts, paid without deduction of tax. 5. One form will be completed for each payment. 6. In any case of an especially delicate nature where disclosure could have adverse social consequences (such as a secret maintenance payment) the pay- ment may be withheld from the form if the solicitor concerned consults with the President of the Society and through him with the Com- missioners at this Office. 7. Where surplus deposit interest arising on client accounts is appropriated and transferred to the solicitor's accounts, the transfer will be treated as payment and a form will be completed in respect thereof. 8. The books of forms will be in the hands of solicitors before the end of March, 1975, so that forms can be completed in respect of all payments made as on and from April 6, 1975. 9. After the end of the year 1975/76, and after the end of each subsequent year, the inspector of taxes will issue to each solicitor or firm a request on form 8-2 for the return to him of all the completed forms. 10. The completed forms will be detached from the book and forwarded to the inspector together with the completed form 8-2. (If no payments had been made in the particular year, it will be sufficient to complete the form 8-2 showing thereon that no payments had been made and forward it to the inspector). As requested by the Society's representatives in the discussions, the Commissioners will arrange that queries arising out of the completed forms will initially not be directed to the solicitors. Any such queries kill be referred by the inspectors of taxes in the first instance to this office for examination. The Commis-

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