In Irish tax developments, Revenue advises certain taxpayers to take corrective action in advance of the upcoming RCT Bulk Rate Review in April and the Institute, under the auspices of the CCAB-I, responds to the public consultation on a territorial system of taxation. On the UK front, two key recommendations of the Institute are being implemented by the UK Government and the Finance Bill received Royal Assent last month. In International news, the European Commission extends the deadline for its consultation on VAT in the digital age.

Ireland

1.  Revenue will be carrying out the live RCT Bulk Rate Review (“BRR”) in April. A preliminary review has identified taxpayers whose rate will increase if corrective action is not taken in advance of the live BRR. Read more to learn about Revenue’s planned communications in advance of the live BRR.

2.  The Institute, under the auspices of the CCAB-I, responds to the public consultation on a territorial system of taxation. Read more about the Institute’s response.

UK

3.  Read about two recommendations of Chartered Accountants Ireland which are being implemented by the UK Government.

4.  Finance Bill 2021-22 has received Royal Assent.

International

5.  The European Commission extends the deadline for its consultation on VAT in the digital age. Read more here.

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