Ireland · Reporting regimes beyond the financial statements
Entity and consolidated reports on payments to governments, and the exemptions
the Companies Act 2014 · sections 1450 to 1453 and 1457 to 1460
Payments cannot be split or aggregated to avoid the reporting duty
The report is required by activity and by size together. Subject to sections 1454, 1455 and 1456, the directors of a company that is a large company or a relevant company must prepare a report where the company is a mining or quarrying company or a logging company of the kind section 1450 describes. A holding company that is a large company or a relevant company must act as section 1451(1) requires, including where it is obliged to prepare group financial statements.
The anti-avoidance rule is explicit and it is drafted against exactly the two techniques companies reach for. Payments, activities and projects may not be artificially split or aggregated to avoid the application of the Part (section 1452(4)). Disclosure must reflect the substance rather than the form of each payment, activity or project (section 1452(5)). Where payments in kind are made to a government, the report must state their value and, where applicable, their volume, and the directors must act as section 1452(6) requires.
Sections 1452 and 1453 set what the entity and consolidated reports must include
Section 1452(1) sets what the entity payment report must include in relation to relevant activities, beginning with the government to which each payment was made. Section 1453(1) sets what a holding company must include in respect of its consolidated payment report for each financial year. Sections 1454 to 1457 carry the exemptions from the entity report and the consolidated report.
Sections 1458 to 1460 govern approval, signing and delivery. A company whose directors are required to prepare an entity payment report under section 1450, or a consolidated payment report under section 1451, must act as section 1459(1) requires. A company whose directors are exempt under section 1455 or 1456 must act as section 1460(1) requires, so the exemption itself has a filing consequence.
The system generates your ComplianceSME company passport and then walks you through the working files
Working files 180, 181 and 182 of the IE-COMPANY agent toolkit cover this situation. Working file 180 works through the obligation to prepare an entity payment report and the content required. Working file 181 works through the consolidated payment report and each exemption from it. Working file 182 works through approval, signing and delivery of the reports, including the position where an exemption is claimed.
- Working file 180 · The obligation to prepare a report on payments to governments
- Working file 181 · The consolidated payment report and the exemptions from it
- Working file 182 · Approval, signing and delivery of payment reports
Free, with a free account
The working files above open from your ComplianceSME account at no charge, and so does the rest of the Companies Act 2014 toolkit: 215 working files across the 75 situations a company registered in Ireland can be in. Working file 1 runs first and builds the company passport; after that you open each working file as its situation arises.
A working file runs in Claude. You ask the ComplianceSME connector for it in a dedicated premium seat on the Claude Team plan. It asks one question at a time, then returns the document the Companies Act 2014 names, citing the Act's section at every step. Nothing is downloaded and nothing is installed.
The report stays yours, ready for a bank, an insurer, a customer or an inspector. Your dashboard shows every working file and its state.
Open this working fileComplianceSME tracks the Companies Act 2014 and updates the toolkit on your account through the Compliance Complete account, so that you are never working from a superseded version. Compliance Complete