In Irish news, Revenue has announced plans for the roll out of electronic invoicing for VAT and real time VAT reporting, and Revenue has also provided clarification on the 2024 income tax return disclosure requirements for employer PRSA contributions. In UK news, the Institute has responded to the House of Lords call for evidence on the latest Finance Bill draft clauses and the Institute recently participated in an event which explored the complex issues arising from cross-border working. In International news this week, the European parliament proposes a simplified tax architecture to benefit EU citizens and businesses.
Ireland
1. Revenue has announced plans for the implementation of the VAT in the Digital Age (ViDA) requirements.
2. Read about the additional information
provided by Revenue on the disclosure of employer PRSA contribution.
UK
3. In our submission to the House of Lords inquiry into Finance Bill 2025-26, the Institute continues to recommend that the Government needs to reframe its policy changes on agricultural property relief and business property relief.
4. The
Institute was represented last week at an event in London which examined the complexity of global mobility, including tax implications and other key considerations.
International
5. The European Parliament has adopted a resolution on the role of simple tax rules and tax fragmentation in European competitiveness.
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 Cross-border developments and trading corner here.
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