In Irish tax developments, tax receipts remain strong in 2022 and Revenue sees significant engagement by taxpayers filing overdue LPT returns. On the UK front, the Financial Secretary responds to the Institute’s letter on NI corporation tax and the Institute responds to the UK’s consultation on the minimum 15 percent corporation tax rate. In International news, ECOFIN discusses the proposed Pillar Two Minimum Tax Directive.

Ireland

1.   Tax receipts remain strong in the first quarter of 2022. Read the full story.

2.   Revenue sees significant engagement from property owners contacted to file their overdue LPT Return. Read the full story.

UK

3.   The Financial Secretary to the Treasury has responded to the Institute’s letter on NI corporation tax; and

4.   Read the Institute’s response to the UK’s consultation on the implementation of a minimum 15 percent global rate of tax for certain multi-national enterprises.

International

5.   The Economic and Financial Affairs Council (ECOFIN) discuss the proposed Pillar Two Minimum Tax Directive. Read the full story.

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