Five things you need to know about tax, 29 October 2021

In Irish tax developments, there’s information on the upcoming income tax deadline and an update from Revenue on preparing income tax returns for clients who received Temporary Wage Subsidy Scheme (TWSS) payments and/or Pandemic Unemployment Payments (PUP). On the UK front, HMRC’s latest newsletters across several areas and the latest Making Tax Digital (MTD) agent update are available. While in international news, there’s political compromise on the transitional approach to the withdrawal of digital taxes.

    Ireland

1. See details of updates to Tax and Duty Manuals related to the income tax deadline.
2. Read Revenue’s update on information accountants can use for preparing 2020 income tax returns for clients in receipt of the TWSS and/or PUP.

   UK       

3. October 2021 tax tidbits cover the latest HMRC newsletters in several areas.
4. The latest MTD update from HMRC features changes to agent services accounts and the latest news on MTD for VAT, MTD for ITSA. 

   International

5. Countries who enacted Unilateral Measures on digital services taxes before 8 October are not required to withdraw these until Pillar One takes effect under the “Unilateral Measures Compromise”.

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