In Irish tax developments, the Government announces a tax-free payment for frontline workers and the Government approves a tax-free payment to persons providing accommodation to Ukrainian refugees. On the UK front, the Independent Fiscal Commission recommends more tax devolution for Northern Ireland and HMRC has provided an update on the Protocol in the context of recent political developments. In International news, the CCAB-I responds to the EU Commission consultation on VAT in the Digital Age.
Ireland
1. The Government recently announced that any payment up to €1,000 per individual under the Pandemic Special Recognition Payment Scheme is exempt from income tax, USC and PRSI.
2. The Government has approved a monthly flat rate Recognition Payment of €400 per property (shared or vacant) to be made to those who provide accommodation for those fleeing the war in Ukraine.
UK
3. In its final report, the Independent Fiscal Commission recommends more tax devolution for Northern Ireland.
4. HMRC has provided an update on the Protocol in the context of recent political developments.
International
5. The Institute, under the auspices of the CCAB-I, recently responded to the European Commission’s public consultation on VAT in the Digital Age.
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