Five things you need to know about tax, 2 August 2019

Aug 01, 2019

In Ireland, read about Revenue’s updated guidance on the earned income credit, in the UK, read about HMRC’s update on Making Tax Digital and in International news, the EU has set up a pilot project to simplify VAT cross border rulings.


  1. Revenue has updated its guidance to show an example (section 2, example 3) where the earned income tax credit is available to an individual who is employed by his or her spouse because the individual is not entitled to the PAYE credit
  2. Revenue has published a new Tax and Duty Manual, covering the Controlled Foreign Company (CFC) rules, introduced by Finance Act 2018 and took effect from 1 January 2019


  3. HMRC have advised that it is taking longer than usual to send confirmation emails to customers signing up for Making Tax Digital (MTD) – but no action is needed. Read the full update
  4. Read the latest update from HMRC which features Making Tax Digital and the cyber security



  5. A pilot project has been set up by the EU to help businesses get more legal certainty about their VAT obligations when envisaging cross-border transactions in the EU. Read more