In Irish tax developments, the CCAB-I calls for simplicity in its response to the consultation on the R&D Tax Credit and the KDB and Revenue update its guidance for non-resident corporate landlords with Case IV or Case V losses. On the UK front, we remind you about forthcoming expenses and benefits deadline in July and bring news of the removal of removal of the expenses and benefits service for small businesses and there has been a change in the allocation of tax changes to the First Tier Tribunal Tax Chamber. In International news, the European Commission is hosting a free online conference on the impact of mega-trends on the world of taxation.
Ireland
1. The CCAB-I calls for a simplification of the rules, in particular for SMEs, in its response to the consultation on the R&D Tax Credit and the KDB.
2. Revenue has updated its guidance dealing with the treatment of Case IV and Case V losses for non-Irish resident corporate landlords in receipt of rental income and subject to corporation tax rather than income tax on rental income from 1 January 2022.
UK
3. Read our reminder about the July expenses and benefits/employment related securities deadlines and the removal of the expenses and benefits service for small businesses.
4. From 1 June 2022, the allocation of paper and complex cases to the First Tier Tribunal has changed.
International
5. On Tuesday, 28 June, the European Commission is hosting a free online conference on how mega-trends are changing the world of taxation.