Five things you need to know about tax, Friday 23 May 2025

In Irish news this week, Revenue has issued updated guidelines for charging interest on late payment of tax and it has also produced a series of information sessions on the Residential Zoned Land Tax ahead of the 23 May 2025 pay and file deadline. In UK news, we want to hear your views on HMRC’s plans to reform behavioural penalties and we highlight a new peer led initiative designed to help agents get ready for Making Tax Digital for income tax. In International news, the EU has agreed to simplify the VAT rules on distance sales and imports. 

Ireland

1. Revenue has updated the guidelines for charging interest on late payment through Revenue Debt Management Services. 

2. Revenue has produced a series of information sessions on the Residential Zoned Land Tax ahead of the 23 May 2025 pay and file deadline. 

UK 

3. We want to hear your views on HMRC’s plans to reform behavioural penalties. 

4. Read about a new peer led initiative designed to help agents get ready for Making Tax Digital for income tax. 

International 

5. The EU has agreed its position on the VAT rules directive to simplify tax collection for imports and certain distance sales. 

Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter. Subscribe to the Tax News by updating your preferences in MyAccount. You can also read this week’s post EU exit corner here.