Five things you need to know about tax, 18 May 2018

May 17, 2018

Highlights this week include Revenue issue letters for PAYE compliance checks, the Institute responds to the Local Property Tax consultation and the number of countries participating in BEPS grows to 115.  

       Ireland

  1. Revenue have begun issuing letters to certain employers notifying them that they have been selected for a Revenue PAYE compliance check.  You can read more on this story on our website and a copy of the letter can be found here
  2. The CCAB-I responded to the Department of Finance consultation on Local Property Tax (LPT) and called for a tax deduction for LPT in the calculation of rental income in light of the fact that LPT is a direct cost for landlords providing residential rental property.   Read the submission on our website

     

    UK

  3. The Government has responded to the Taylor review into modern working practices
  4. Read our update on the latest developments in tax conventions and tax information exchange agreements

     

    International

  5. Bahrain and Saint Lucia are the latest jurisdictions to join the Inclusive Framework on Base Erosion and Profit Shifting (BEPS).This brings the number of countries participating in the framework to 115