Five things you need to know about tax, 21 August 2020

Aug 21, 2020

Our top ROI stories this week relate to Revenue guidance on the operation of the Employment Wage Subsidy Support Scheme (EWSS) and the requirement for employers to have tax clearance to be eligible for the scheme. Sinead O’Brien, Vice President of Finance for Sky Works Leasing Ireland, shares her tax journey with us, also. In the UK, the application process for the second self-employed income support scheme (SEISS) has opened and in International news, the OECD published a working paper; Reassessing the regressivity of VAT.

   Ireland

  1. Read the comprehensive guidelines on the operation of the EWSS issued by Revenue and about the need for employers to apply for tax clearance now.
  2. Sinead O’Brien, Vice President of Finance for Sky Works Leasing Ireland, shares her tax journey with us.

    UK

  3. Read the latest news on the SEISS; the application process for the second grant reopened on Monday, 17 August.
  4. Read about the recent HMRC Brexit guidance and publications.

     

    International

  5. The OECD published a working paper; Reassessing the regressivity of VAT. Read about the assessment on conclusions that VAT is regressive in numerous studies undertaken to date and the need for VAT reform to address the issue.