In Irish news this week, Chartered Accountants Ireland launches its Pre-Budget 2026 submission and Revenue has confirmed that the facility to file draft iXBRL accounts will be withdrawn from 1 January 2026. In UK news, HMRC has enshrined into legislation a long-standing VAT concession and there’s still time to share your views on the consultation examining reform of behavioural penalties. In International news, the OECD has published the consolidated text of the Common Reporting Standard (2025).
Ireland
1. Read about the Pre-Budget 2026 submission compiled by the Institute, under the auspices of CCAB-I.
2. Revenue has confirmed that draft financial statements in iXBRL format will no longer be accepted from 1 January 2026.
UK
3. In this week’s miscellaneous updates, HMRC has incorporated a VAT concession into law which allows additional time for deregistered businesses to submit a final VAT return.
4. There’s still time to share your thoughts on the reform of behavioural penalties.
International
5. Read about the consolidated text of the Common Reporting Standard (2025) report recently published by the OECD.
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.
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