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

Jul 24, 2020


This week, in Irish stories, take a look at how a new bill passed by government will ensure the application of PRSI contributions to PUP and TWSS payments. In UK developments, have your say on the tax advisers consultation which is examining potential options to regulate the UK tax agent market. In International news, read about the European Commission’s new Tax Package aimed at supporting the EU’s post COVID-19 economic recovery and long-term growth.

       Ireland

  1. Take a look at how a new bill passed by government will ensure the application of PRSI contributions to PUP and TWSS payments
  2. Revenue has confirmed that tax relief for historic buildings will not be revoked due to COVID-19 closures

    UK

  3. The deadline for the second payment on account for 2019/20 is approaching which can be deferred to 31 January 2021 and claims for periods up to and including 30 June 2020 under the coronavirus job retention scheme must be made by 31 July 2020;
  4. Have your say on the tax advisers consultation and read about the next steps in HMRC’s Making Tax Digital project.

    International

  5. Read about the European Commission’s new Tax Package aimed at supporting the EU’s economic recovery and long-term growth