Five things you need to know about tax, 15 May 2020

May 15, 2020

 

This week, in Irish stories, Irish Temporary Wage Subsidy Scheme is now in the Operational Phase, read about what this means for employers and employees and the Revenue guidance and tools available. In UK stories, claims under the coronavirus self-employed income support scheme opened for some taxpayers on Wednesday 13 May and the job retention scheme is being extended to 31 October 2020. In International news, watch the latest webcast from the OECD, providing an update on international tax matters including the work on the ‘tax challenges from the digitalisation of the economy’.

     Ireland

  1. The Wage Subsidy Scheme is now in the Operational Phase. Read more
  2. Read the latest Parliamentary Question responses published (up to 11 May) on the Wage Subsidy Scheme

    UK

  3. Read the latest update on the self-employed income support scheme which opened for claims earlier this week
  4. The Chancellor has announced the extension of the job retention scheme to 31 October 2020

    International

  5. Watch the latest webcast from the OECD, providing an update on international tax matters including the work on the ‘tax challenges from the digitalisation of the economy’