Five things you need to know about tax, 4 August 2017

Aug 03, 2017

Developments of interest are outlined.

       Ireland

  1. Representatives from Chartered Accountants Ireland, under the auspices of CCAB-I, recently met with the Revenue Board recently to discuss a number of key concerns of our members including CAT payment difficulties, issues with My Enquiries as well as delays in VAT registrations.  Read more about what was discussed at the meeting on our website.
  2. CCAB-I has written to the Minister for Finance requesting that the postponed method of accounting for VAT for Irish importers be introduced in Ireland in order to ease the case flow burden on Irish businesses and facilitate freer trade.  Read our submission on our website.

     

    UK

  3. If you are involved in preparing self-assessment returns, read HMRC’s update on the exclusions from online filing for 2016-17.
  4. Employers and advisers should read about dynamic coding for PAYE.

     

    International

  5. The OECD has published a new report setting out recommendations for changes to domestic law to bring the treatment of branch mismatch structures into line with outcomes set out in its 2015 report on the use of hybrid mismatch arrangements.