Last updated: 03 Nov 2025
QI Services in Ireland
QI compliance for banks, brokers, custodians and asset managers in Ireland:
QI registration & agreement, implementation of W-forms & Reason-to-Know,
operational run (pooling, treaty rates, 1042/1042-S) and
Periodic Review & RO certification – remote or on-site.
New: QDD (Qualified Derivatives Dealer) optional – including 871(m) support.
Highlights (short)
Approved KYC (Ireland)
Irish KYC standards are recognised in the QI regime; nevertheless W-forms, Reason-to-Know and renewals remain central.
KYC W-8/W-9 RtK
Pooling & treaty rates
Withholding & documentation concept including pools, treaty relief and – optionally – QDD/871(m) coverage for derivatives.
Pooling Treaty 871(m) QDD
1042/1042-S & Periodic Review
Annual 1042/1042-S obligations, Chapter 3/4 alignment and Periodic Review with RO certification.
1042-S RO Review
Services: Start · Build · Run · Assurance
Modular QI support for institutions in Ireland – from initial QI registration to ongoing 1042/1042-S cycles and full Periodic Reviews (incl. optional QDD/871(m) scope).
Packages & pricing – Qualified Intermediary (QI) (Ireland)
START — QI registration & setup
QI portal, RO/Contacts, agreement onboarding
€ 3,200 fixed fee
- QI registration (EIN, QI portal), governance framework, QDD option assessment
- Documentation/forms strategy (W-8IMY, W-8BEN-E, etc.) aligned with Irish booking model
- Checklists & templates for a robust QI start
BUILD — Implementation & advisory
W-forms, RtK, pooling, QDD (optional)
from € 6,500 (scope-dependent)
- Validation & refresh cycles, exception handling and change in circumstances
- Pooling & treaty rates, backup withholding risk analysis
- 871(m)/QDD processes (optional), roles & workflow design (Front, Ops, Tax, IT)
RUN — Operational run (1042/1042-S)
RtK clearing, annual reports, corrections
€ 4,500 light · € 7,900 standard · € 12,500 extended
- Annual 1042/1042-S preparation & Chapter 3/4 reconciliation
- Error handling & correction runs, evidence & reporting packages
- QDD (optional): dividend equivalents, recordkeeping & coding on 1042-S
ASSURANCE — Periodic Review & RO
Mandatory review with robust workpapers & certification preparation
€ 7,500 quick · € 14,500 deep dive · from € 28,000 full Periodic Review
- Self-assessment vs. QI agreement, gap analysis for the Irish booking setup
- Sampling plan, testing & workpapers (audit-ready documentation)
- Remediation plan & RO certification preparation
- QDD/871(m) optional: additional scope & evidence set
Optional add-ons
- QDD/871(m) deep scope (pricing by scope, typically from € 3,500)
- Additional samples/segments (from € 1,200)
- Vendor-report testing (1042-S layouts, validation, corrections) from € 1,800
- On-site days (IE/UK/EU): € 1,100 / day plus travel costs as agreed
- Training sessions (Front Office, Compliance/Operations, IT/Data) – from € 1,400
Prices are net of VAT, subject to scope/complexity and data quality.
Process & responsibilities
Your institution
- QI/QDD high-level decisions, product scope, intermediary relationships in Ireland/abroad
- Provision of data, system/process owners & key contacts
- Sign-offs, policies & oversight of operational implementation
Owner Data
USTaxBanks
- Technical implementation & quality assurance (documentation, pools, rates)
- Support on 1042/1042-S and Chapter 3/4 reconciliations
- QDD (optional): design & review of 871(m)/QDD processes & evidences
Execution Support QDD
FAQ
What does “QDD optional” mean in practice?
With the QDD election, certain equity-derivatives business can be managed under the QI framework. We support you with 871(m) scoping, instrument classification, process design and the necessary evidence.
Do we still need W-forms if KYC is approved?
Yes. Approved KYC eases the documentation review, but it does not replace W-forms and a robust Reason-to-Know framework.
Do you support the full Periodic Review – including QDD?
Yes. We perform the review (incl. sampling & testing) and prepare the RO certification – with optional QDD focus on 871(m) controls and evidence.