In Irish news, Revenue publishes guidance on registering for Pillar Two and also publishes guidance on disclosure opportunities for businesses impacted by the Supreme Court decision in Karshan. In UK news, the Institute writes to the new CEO of HMRC and read the latest updates from HMRC including a project looking at multi-factor authentication for agents. In International news this week, the OECD publishes its annual report on Tax Policy Reforms.
Ireland
1. Revenue has published new guidance on the registration process for Pillar Two taxes.
2. Revenue has published the Karshan Disclosure Opportunity Guidance, outlining detailed information regarding possible settlement arrangements arising from the Supreme Court’s decision in Revenue Commissioners v Karshan (Midlands) Ltd.
UK
3. Ahead of HMRC’s Annual Stakeholder Conference which took place in London earlier this week, the Institute wrote a letter of introduction to HMRC’s new CEO setting out four key issues on our agenda.
4. In a detailed miscellaneous update this week which you can read more about below, HMRC is seeking research participants for its project looking at multi-factor authentication (MFA) for agents.
International
5. The OECD has published its annual report on Tax Policy Reforms for 2025.
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 trading corner here.