In Irish news, the Minister for Finance has published a feedback statement on the reform of the taxation regime for interest and Revenue has published new guidance on VAT groups. In UK news, we bring you an update on recent developments relating to the research and development (R&D) tax relief, and in this week’s miscellaneous updates you can read about HMRC’s statement outlining the standards it expects from intermediaries (tax agents). In International news, the European Commission published the second evaluation of the Directive on Administrative Cooperation (DAC).
Ireland
1. The Minster for Finance has published a feedback statement to initiate a consultation on phase one of the reform of Ireland’s taxation regime for Interest.
2. Revenue has published several guidance documents on VAT groups including new guidance on the territorial scope of VAT groups.
UK
3. HMRC has published a new tool to assist in making R&D tax relief claims and its new R&D advisory panel is now operational.
4. This week’s miscellaneous updates feature, inter alia, the publication by HMRC of a statement outlining the standards expected of tax agents and the measures it will take to address the small minority who harm the UK tax system.
International
5. Read about the second evaluation of the Directive on Administrative Cooperation (DAC) recently issued by the European Commission.
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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