The provision requires the Revenue Commissioners to compile, for each relevant period (1 January–31 March 2022 and each subsequent three‑month period ending 30 June 2022 etc.), a list of persons on whom a fine or penalty was imposed by a court, persons subject to tax‑related penalties otherwise, and persons in whose cases Revenue accepted or undertook to accept a settlement amount either in lieu of initiating recovery proceedings or following proceedings. Defined terms include ‘‘the Acts’’, ‘‘publication amount’’, ‘‘settlement amount’’, ‘‘qualifying disclosure’’ and ‘‘tax’’. Agreements are deemed made in the relevant period and failure to pay a settlement within the relevant period does not prevent inclusion.

Each list must be published in Iris Oifigiúil within three months of the period end and may be publicised further, including on Revenue’s website. Lists must specify name, address, occupation/description, the publication amount broken down by tax, surcharge, interest and fine, and summary particulars of the matter and any associated penalties. ‘‘Publication amount’’ is the settlement reduced for sums attributable to qualifying disclosures and for tax amounts that do not attract a monetary penalty, rounded down to the nearest €1. Exclusions apply for small penalties and for tax below the relevant amount (€50,000, adjustable by consumer price index order). Lists remain on the Revenue website for no more than two years.