In Irish tax developments, the Employment Wage Subsidy Scheme (EWSS) guidelines include more information on the tax treatment of the Restart Grant, and businesses can pre-register for the VAT One Stop Shop (OSS) and the Import One Stop Shop (IOSS). On the UK front, read about tax and related changes impacting the new Financial Year and the new Tax Year 2021/22, and HMRC provide an update as the IR35 changes take effect. While in international tax, with an increase in corporate taxes on the cards in the US, the proposals included in the Made In America Tax Plan are considered.
Ireland
- The latest update to the EWSS guidelines includes more information on the tax treatment of the Restart Grant;
- Businesses can pre-register for the VAT OSS and the IOSS from 1 April, in advance of the new VAT eCommerce measures due to enter into force on 1 July 20201;
UK
- Read about the tax and related changes brought about by the new Financial Year commenced on 1 April, and the new Tax Year 2021/22 which began on 6 April;
- HMRC provided the Institute with an update on ongoing work to help businesses and individuals prepare for the IR35 changes; and
International
- Read the proposals put forward in the Made In America Tax Plan, as US President Joe Biden looks to fund a two trillion-dollar capital investment programme.
Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter.