In Irish tax developments, Revenue issues notices to taxpayers availing of the Debt Warehousing Scheme and Revenue announce plans to contact property owners who are yet to file a LPT return for the 2022 to 2025 valuation period. On the UK front, read about the key tax measures in last week’s Spring Statement and the Institute has written to the Financial Secretary to the Treasury setting out the case for a soft landing in respect of the extension of Making Tax Digital for VAT to the smallest VAT registered businesses. In International news, the OECD has released guidance on the 15 percent global minimum tax rate.

Ireland

1.         Revenue issues notices this week to taxpayers availing of the Debt Warehousing Scheme. Read our story which includes links to the sample notices provided to us from Revenue.

2.         Revenue are planning on contacting circa 300,000 property owners over the coming weeks reminding them that they are required to submit a LPT return for the 2022 to 2025 valuation period. Read more here.

UK

3.         Read about the key tax measures in last week’s Spring Statement.

4.         The Institute has written to the Financial Secretary to the Treasury setting out the case for a soft landing in respect of the extension of Making Tax Digital for VAT to the smallest VAT registered businesses.

International

5.         The OECD has released guidance on the 15 percent global minimum tax rate. Read more here.

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