Five things you need to know about tax, 3 July, 2020

Jul 03, 2020

Ireland

1. Take a look at the details of Revenue’s TWSS Employer Compliance Programme 

2. Read Revenue’s updated guidance on treatment of allowable CGT losses

UK

3. Did your business defer a VAT liability due for payment between 20 March 2020 and 30 June 2020? If the business pays its VAT liability by direct debit, this must be reinstated for future VAT payments including any payment falling due next week on 7 July 2020

4. Flexible furlough commenced from 1 July 2020 under the job retention scheme

International

5. Read the OECD’s new tax working-paper on Carbon Pricing