Five things you need to know about tax, 9 August 2019

Aug 08, 2019

This week read about Revenue’s updated guidance on reimbursing employees for toll charges and e-working expenses while in the UK, HMRC are urging users to sign up for its live webinar on the implications of Making Tax Digital (MTD). In International news, the Global Forum on tax transparency has revealed its new compliance ratings.

     Ireland

  1. Revenue has updated its guide to clarify when toll charges and expenses incurred when “e-working” part-time can be reimbursed by an employer tax-free.

     

  2. The European Commission has served a formal notice on Ireland asking it implement interest limitation rules sooner than the planned date in 2024. Read more.

     

    UK

  3. Sign up for HMRC’s live webinar which explains how to sign up for Making Tax Digital for VAT, digital record keeping, software and submitting VAT returns. Choose your date and time.

     

  4. Representatives from the Institute’s Northern Ireland Tax Committee met recently with the head of HMRC’s East Kilbride Wealthy team. This unit deals with most NI taxpayers within the remit of the Wealthy team which comprises the wealthiest taxpayers in the UK (net worth of £20 million or more). Read more

     

    International

  5. The Global Forum on Transparency and Exchange of Information for Tax Purposes has published peer review reports assessing compliance with the international standard on transparency and exchange of information on request. Read more