Five things you need to know about tax, 7 May 2021

In Irish tax developments, the ROS pay and file deadline for 2021 is Wednesday, 17 November and updates to the R&D manual set out Revenue’s interpretation of qualifying rent for the R&D tax credit. On the UK front, read HMRC’s apology for a recent data breach and the actions some agents may need to take as a result. While in international tax, new information is published by the European Commission on VAT e-commerce rules effective from 1 July 2021.

     Ireland

1. The 2021 extended ROS return filing and payment date for self-assessment income tax and capital acquisitions tax is Wednesday, 17 November 2021;
2. See the latest updates to the R&D manual setting out Revenue’s interpretation of qualifying rent for the R&D tax credit;

   UK

3. HMRC has apologised for a recent data breach which resulted in 2019/20 late filing penalty notices being sent to the wrong agent in some cases – some agents may need to take action as a result;
4. A reminder about changes to eligibility for the CJRS from 1 May 2021, upcoming CJRS deadlines, penalties for overclaims of SEISS grants, a new phishing scam and the next VAT deferral deadline feature in this week’s COVID-19 HMRC administered supports update;

   International

5. The European Commission published new information on the VAT E-Commerce rules effective from 1 July.

Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter.