Five things you need to know about tax, 11 September 2020

Sep 11, 2020

In our top Irish stories this week, Revenue provided clarifications on the Employment Wage Subsidy Scheme (EWSS) through updated guidance and the sweepback facility for EWSS claims opens on 15 September. In the UK, read the NI Tax Committee’s response to the call for evidence on raising standards in the tax advice market. While in international tax, the OECD published the Tax Policy Reforms 2020.

Ireland

1. Revenue guidance on the EWSS has been updated to provide clarifications on several points; 
2. EWSS registered employers can backdate claims for newly or seasonally hired employees through the sweepback facility which opens on 15 September;

UK 

3. The NI Tax Committee’s response to the call for evidence on raising standards in the tax advice market sets out that there should be no further regulation of qualified agents who are members of Professional Bodies with a strong, effective, and active regulatory function, such as members of Chartered Accountants Ireland; 
4. HMRC have provided us with more information on the Trader Support Service; and

International

5. The Tax Policy Reforms 2020 published by the OECD identifies major tax policy trends before COVID-19 and analyses the tax measures introduced by countries in response to the pandemic.