Five things you need to know about tax, 12 March 2021

Mar 12, 2021

In Irish tax developments, the CCAB-I wrote to Revenue highlighting issues encountered by taxpayers settling their TWSS liabilities, and Revenue is contacting businesses falling behind in their tax compliance obligations. On the UK front, read more key items on the UK Budget. While in international tax, the European Commission has launched a campaign to raise awareness on the new rules on cross-border VAT e-Commerce, which take effect from 1 July 2021.

     Ireland

  1. The CCAB-I wrote to Revenue setting out issues encountered by taxpayers as they try to settle their TWSS liabilities;
  2. Revenue is contacting businesses falling behind in tax compliance obligations, as tax compliance slippage increases among some businesses, both inside and outside the Tax Debt Warehousing Scheme;

    UK

  3. More information is now available about how the corporation tax regime will operate in the UK from April 2023;
  4. Read about some of the other key Budget announcements including a new penalty regime for VAT and income tax; and

    International

  5. See how the new rules on cross-border VAT e-Commerce could affect you, as the European Commission launches a campaign to raise awareness before the new rules take effect from 1 July 2021.

Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter.