Five things you need to know about tax, Friday 14 June 2024

In Irish news, Revenue has published statistics on the Debt Warehousing Scheme, and the Department of Finance and the Department of Public Expenditure, NDP Delivery and Reform report robust tax revenues in May’s Fiscal Monitor. In UK news, HMRC has launched a mailbox which can be used by members of recognised professional bodies to report concerns about potential rogue R&D tax relief advisers, and in this week’s miscellaneous updates, HMRC has published guidance on how in-scope multinational groups can register for the UK’s Pillar Two regime. In International news, the European Commission will continue to support the work of the Platform for Tax Good Governance.

 Ireland

1. Revenue has published a detailed statistical report on the Debt Warehousing Scheme.
2. Department of Finance and the Department of Public Expenditure, NDP Delivery and Reform report robust tax revenues in May’s Fiscal Monitor.

   UK

3. Read about the process which should be followed by members of recognised professional bodies to report concerns about potential rogue R&D tax relief advisers.
4. In this week’s miscellaneous updates, HMRC has published guidance on how in-scope multinational groups can register for the UK’s Pillar Two regime.

   International

5. European Commission will continue to support the work of the Platform for Tax Good Governance.

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 EU exit corner here.