Five things you need to know about tax, 23 April 2021

In Irish tax developments, Revenue published a list of employers in receipt of Employment Wage Subsidy scheme (EWSS) payments in quarter one of 2021, and there are updates to the Tax and Duty Manual on cessation of a trade or profession. On the UK front, read the Institute’s letter to NI Finance Minister Conor Murphy on the newly established Fiscal Commission. While in international tax, the European Commission proposes to exempt from VAT goods and services made available during times of crisis.

     Ireland

1. Revenue published the list of employers who received payments under the EWSS in quarter one of 2021;
2. The Tax and Duty Manual – Cessation of a trade or profession or change in accounting date – review of the preceding year – now includes examples demonstrating the approach to be taken when a revision of the preceding year is required due to permanent cessation;

   UK

3. Read the latest updates on HMRC administered COVID-19 supports;
4. The Institute has offered its expertise and guidance to the newly established Fiscal Commission – read our letter to the Finance Minister; and

   International

5. The European Commission has proposed to exempt from VAT, goods and services made available by EU bodies and agencies to Member States and citizens during times of crisis.

Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter.