In Irish tax developments, the Institute surveys its members on challenges facing businesses claiming the R&D Tax Credit and KDB and Revenue publishes its 2021 Annual Report. On the UK front, HMRC has notified Chartered Accountants Ireland of delays in research and development tax credit processing times and the 2021/22 P60 deadline is approaching. In International news, the European Commission proposes a tax incentive to help companies grow.
Ireland
1. Take the Institute’s survey regarding the current challenges facing firms, particularly SMEs, who are active in the R&D and IP space, in claiming the R&D Tax Credit and the Knowledge Development Box.
2. Revenue recently published its Annual Report for 2021, a truly exceptional year.
UK
3. HMRC has notified Chartered Accountants Ireland of delays in research and development tax credit processing times.
4. The 2021/22 P60 deadline is approaching.
International
5. The European Commission proposes a tax incentive to help companies grow by providing an allowance for increases in equity.
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