Five things you need to know about tax, 24 April 2020

This week, in Irish stories, read about the changes to the Wage Subsidy Scheme which includes a new Phase 2 and an extension of the scheme to certain employees. In UK stories, the UK’s job retention scheme is open for claims – see our new info page for this scheme. While in International news, read the latest OECD report on the global tax and fiscal policy response to COVID-19.

     Ireland

1. Read about the changes to the Wage Subsidy Scheme which includes a new Phase 2 and an extension of the scheme to certain employees
2. Zero rate of VAT will apply to domestic supply and intra-EU acquisition of personal protective equipment, says Revenue

   UK

3. The UK’s job retention scheme is now open for claims
4. A page on our COVID-Hub dedicated to the UK’s Job Retention Scheme was launched earlier this week under further resources. A new factsheet is also available for download.

   International

5. Read the latest OECD report on the global tax and fiscal policy response to COVID-19