Five things you need to know about tax, 28 September 2018

Sep 27, 2018

Highlights this week include Revenue are writing to 12,000 people reminding them to disclose their Airbnb income. In other developments, the UK’s requirement to correct deadline is in just two days and in international news Saudi Arabia signs up to BEPS measures.    

     Ireland

  1. Revenue is in the process of writing to approximately 12,000 people, reminding them to include Airbnb in their tax returns. Read more on our website
  2. A report examining whether a vacant property tax could act as an incentive to bring unused properties back onto the market to address the housing crisis was laid before Dáil Éireann last week, and doesn’t support the introduction of a vacant property tax

    UK 

  3. The UK’S requirement to correct deadline is in just two days (yes it’s a Sunday)
  4. The deadline to register certain new trusts, using the trust registration service is Friday 5 October

    International

  5. Saudi Arabia is the latest state to sign up to the Multilateral Convention to Implement Tax Treaty Related Measures to prevent Prevent Base Erosion and Profit Shifting