Five things you need to know about tax, 21 January 2022

In Irish tax developments, employees should be able to access their 2021 Preliminary End of Year Statement through My Account and subsequently submit any additional income, reliefs or credits. On the UK front, HMRC has provided more information on the 2020/21 self-assessment filing and payment easements and read the latest Agent Update and about a change to the process calling the Employer Helpline. While in international news, the European Commission has adopted its proposal for VAT exemption related to the COVID-19 response.

       Ireland

1. Employees should now be able to access their Preliminary End of Year Statement through myAccount on Revenue.ie.  The statement is based on income and statutory deductions reported by employers or pension providers to Revenue. Read more
2. Revenue has issued a reminder to businesses significantly impacted by the public health restrictions that came into effect on 20 December 2021 of the supports that are available to them along with details about how they can be accessed.

    

   UK                

3. HMRC has provided more information on the 2020/21 self-assessment filing and payment easements.
4. Read the latest Agent Update and about a change to the process for calling the Employer Helpline.

    

   International

5. The European Commission has adopted its proposal for updated VAT exemption certificates for the supplies of goods and services used as part of the EU response to COVID-19 and for certain activities carried out by the armed forces.

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