In Irish news, the first Fiscal Monitor for 2025 has been published and we bring you details of an information campaign launched by Revenue for PAYE taxpayers. In UK news, senior HMRC representatives from the Making Tax Digital (MTD) team attended last week’s Practice News and HMRC is advising that ongoing industrial action by some of its staff has now been extended to 14 March 2025. In International news, the European Commission outlines its priorities on tax matters.
Ireland
1. The Department of Finance and the Department of Public Expenditure and Reform have published the Fiscal Monitor for January 2025 which confirms an Exchequer surplus of €3.6 billion in January.
2. As part of a PAYE information campaign, Revenue has published statistics relating to 2024 tax return filings and are encouraging all PAYE taxpayers to finalise their tax position.
UK
3. The first Practice News webinar of 2025 was attended by senior HMRC representatives from the MTD team who spoke about how to get ready for MTD for income tax.
4. HMRC is advising that industrial action by some of its staff which may impact specific helplines has now been extended to 14 March 2025.
International
5. Read about the European Commission’s priorities on tax matters.
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.
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