Five things you need to know about tax, 31 August 2018

Aug 30, 2018

Highlights this week include notification that Revenue’s annual RCT bulk rate review will take place in September, an update on the requirement to correct deadline in the UK and the Former Yugoslav Republic of Macedonia signs up for BEPs.

     Ireland

  1. Revenue will carry out its routine review of subcontractor RCT deduction rates in early September and are encouraging subcontractors to carry out a self-review in advance
  2. Read what a 43 percent income tax rate might mean for tax payers

     

    UK

  3. The requirement to correct deadline is extended beyond 30 September 2018, but only in three specific cases
  4. Read about the latest work streams of the Office of Tax Simplification

     

    International

  5. The Former Yugoslav Republic of Macedonia has become the 117th jurisdiction to join the Inclusive Framework on BEPS