In UK news this week, HMRC has provided an update to the Institute following the public announcement that £47 million has been paid out in fraudulent tax repayments and HMRC has published a provisional update on its phone performance. In Irish news, the Fiscal Monitor for May 2025 has been released and Revenue has published guidance on the cross-border VAT SME scheme. In International news, the European Commission publishes the 2025 country report for Ireland.
UK
1. Read about the update from HMRC to the Institute on the recent phishing scam.
2. HMRC has released
provisional details on its phone performance for March 2025.
Ireland
3. The Department of Finance and the Department of Public Expenditure and Reform have published the Fiscal Monitor for May 2025 which confirms an Exchequer surplus of €4.0 billion to the end of May.
4. Revenue has published a new Tax and Duty manual on the
operation of the Cross-Border VAT SME scheme.
International
5. Read about the 2025 country report for Ireland which was recently published by the European Commission.
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 here.
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