Five things you need to know about tax, Friday 13 December 2024

In Irish news, the November Exchequer figures confirm tax revenues continue to perform well, and the Minister for Finance welcomes strong results for the domestic economy. In UK news, HMRC recently reduced its interest rates for late payments and repayments and the Scottish Budget 2025/26 was announced last week. In International news, the EU Commission has welcomed the Court of Auditors’ special report on the EU’s efforts to combat harmful tax regimes.

 Ireland

1. The November Exchequer figures confirm tax revenues continue to perform well.
2. The Minister for Finance has welcomed strong results for the domestic economy.

   UK

3. HMRC recently reduced its interest rates for late payments and repayments.
4. The Scottish Budget 2025/26 was announced last week.

   International

5. The EU Commission has welcomed the Court of Auditors’ special report on the EU’s efforts to combat harmful tax regimes.

Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter. Subscribe to the Tax News by updating your preferences in MyAccount. You can also read this week’s post EU exit corner.