The Revenue Commissioners have issued updated guidelines entitled "Investment Undertakings - General Guidelines for Calculating Tax Due and for Completing Declaration Forms". The guidelines have been updated to include the guidance on complying with the eight year deemed chargeable event.

While the vast majority of Irish domiciled funds (which have very low levels of Irish investors) will not have to account for this tax, the guidance is most helpful and includes details of the de minimis threshold to qualify for reporting.