Commission Wants Widest Scope of Automatic Exchange of Information within the EU
The EU Commission has proposed extending the automatic exchange of information between EU tax administrations to include information on dividends, capital gains, all other forms of financial income and account balances. This paves the way for the EU to have the most comprehensive system of automatic information exchange in the world with a view to clamping down harder on tax...
Consolidation of the 2012 and 2013 Local Property Tax Acts
Revenue have published an administrative consolidation of the Finance (Local Property Tax) Act 2012 and the Finance (Local Property Tax) (Amendment) Act 2013. Members may find the integrated legislation and the LPT Parliamentary Questions, which are published on the Revenue website, of benefit when dealing with LPT matters.
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Revenue Response to Proposed iXBRL Incentives
Chartered Accountants Ireland as a member of the TALC iXBRL subgroup met with Revenue recently to discuss developments with the iXBRL project and specifically Revenue’s response to five proposals from the Institute to incentivise iXBRL filers.
The five proposals and Revenue’s responses are as follows:
1. That there will be a response to our submission to reduce the look-back period for iXBRL...