The details of the procedure for accountants in exceptional difficulty to make an arrangement with Revenue for the income tax deadline are set out in our Irish tax developments, along with confirmation from Revenue that arrangements for accountants reporting turnover for VAT Form 56A continue to apply. On the UK front, read this week’s updates on HMRC administered COVID-19 supports and we also bring you news of a new economic crime levy. While in international news, with Ireland signing up to the OECD global minimum tax agreement, 136 jurisdictions including all EU Member States and OECD members have agreed the two pillar plan.
Ireland
- Revenue set out the process for accountants in exceptional difficulty for the upcoming income tax deadline to seek to put an arrangement in place.
- Long-standing arrangements for accountings to support a client’s VAT Form 56A application continue to be recognised by Revenue.
UK
- Read this week’s updates on HMRC administered COVID-19 supports.
- HM Treasury has published more information on a new economic crime levy on professional firms and financial institutions.
International
- The OECD two pillar plan on international tax reform is agreed by 136 jurisdictions, including Ireland.
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 Newsletter by updating your preferences in MyAccount.