Five things you need to know about tax, 1 February 2019

Jan 31, 2019

Read about the tax provisions contained in proposed Brexit legislation to cope with a no-deal, the latest on the Making Tax Digital for VAT trial and how the OECD is warning against members taking unilateral measures to tax the digital economy.      

     Ireland
  1. The Irish government published Brexit legislation last week as part of its continued contingency plans for a no deal Brexit.Part 6 of the Bill sets out the tax provisions aimed at providing continuity in accessing certain taxation reliefs and allowances in the event that the UK is no longer a member of the EU/EEA. Read more
  2. Revenue recently published guidance confirming that following the convergence of UK and Irish GAAP with IFRS, the taxation of provisions and accruals remains unchanged

     

    UK

  3. Read the latest on the Making Tax Digital for VAT trial
  4. HMRC have launched a new “profit diversion” disclosure facility aimed at multinationals

     

    International

  5. OECD warns against individual states taking unilateral measures to tax the digital economy.Read more