In Irish tax developments, a CCAB-I letter on aspects of the Finance Bill which require amendment calls on the Minister for Finance to ensure working from home relief respects self-assessment rules and a recent Tax Appeals Commission (TAC) case considers the tax treatment of exam awards. On the UK front, Finance Bill 2021/22 has now been published and there are some important updates from HMRC in respect of various COVID-19 support schemes. While in international news, G20 leaders endorsed the revised agreement on the two-pillar solution to international tax reform.
Ireland
- The CCAB-I wrote to the Minister for Finance, Paschal Donohoe T.D., on aspects of Finance Bill 2021 which require amendment.
- A recent TAC determination found payments awarded to employees on passing their final professional exams were payments liable to tax under Schedule E.
UK
- Finance Bill 2021/22, which contains the legislation for various announcements made as part of the Autumn Budget 2021 last month, has now been published.
- Read this week’s HMRC administered COVID-19 supports update.
International
- G20 leaders endorsed the revised Statement of Agreement on the two-pillar solution to address the tax challenges arising from the digitalisation of the economy.
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