Five things you need to know about tax, 18 December 2020

Dec 18, 2020
In Irish stories this week, a change to the Employment Wage Subsidy Scheme (EWSS) turnover test included in Finance Bill 2020 requires employers to review their turnover for January 2021 to June 2021. In UK developments, respondents to our survey on the UK self-assessment deadline voted in favour of not extending the deadline but do favour the automatic suspension of penalties for three months which we will incorporate into our lobbying agenda. While in international tax, new VAT measures adopted by the European Commission will allow a temporary VAT exemption on COVID-19 vaccines and testing kits.  


  1. A change to EWSS eligibility included in Finance Bill 2020, as passed by the Dáil, requires employers to compare turnover or orders between 1 January 2021 and 30 June 2021 with 1 January 2019 and 30 June 2019;
  2. The Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Bill 2020 was signed by the President last Thursday. The transcript of the Act is not yet available.


  3. The results of our short survey on the UK self-assessment deadline are available;
  4. Read this week’s update on the job retention scheme; and  


  5. New VAT measures have been adopted in the EU to give better and cheaper access to COVID-19 vaccines and testing kits.