In Irish tax developments, Minister for Finance Paschal Donohoe announced changes to Covid related supports and CCAB-I responds to the Commission on Taxation and Welfare’s recent public consultation. On the UK front, HMRC are currently sending anti-money laundering supervision letters to members of professional bodies – read our advice on what to do. While in international news, the EC have launched a public consultation on VAT rules in the digital age.
Ireland
- Last Friday, Minister for Finance Paschal Donohoe announced changes to a number of economic supports available to businesses. Read our recent coverage on these updates here.
- In a response to the Commission on Taxation and Welfare’s public consultation ‘Your Vision, Our Future’, CCAB-I offered practical solutions to several difficulties experienced by accountants across Ireland’s tax system. Read the full response here.
UK
- Read our advice for members who receive an anti-money laundering supervision letter from HMRC.
- The statutory sick pay rebate scheme has now relaunched for certain employers.
International
- The European Commission has launched a public consultation on VAT rules in the digital age ahead of a new legislative package due later this year that will cover digital reporting and e-invoicing requirements for businesses across the EU, new rules for the platform economy, and a single registration for companies in the EU. Read more about the initiative here.
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