In Irish news, Revenue has confirmed that ERR (Enhanced Reporting Requirements) will go ahead from 1 January 2024, and has published updated guidance on the small benefit exemption. In UK news, earlier this week HMRC introduced restrictions to the types of queries dealt with on its Self-Assessment and Agent Dedicated Line helplines, and a technical consultation has been launched on draft regulations for Making Tax Digital for income tax. In International news, the European Commission has concluded negotiations with Norway to update the EU-Norway VAT agreement.
Ireland
- Revenue has confirmed that ERR (Enhanced Reporting Requirements) will go ahead from 1 January 2024. The Institute, under the auspices of the CCAB-I, wrote last week to the Minister for Finance to ask that he reconsider the implementation of Enhanced Reporting Requirements (ERR) for employers.
- Revenue has updated the Tax and Duty Manual that provides guidance for the Small Benefit Exemption.
UK
- Earlier this week HMRC introduced restrictions to the types of queries dealt with on the Self-Assessment and Agent Dedicated Line helplines;
- HMRC has launched a technical consultation on draft regulations for Making Tax Digital for income tax.
International
- The European Commission has concluded negotiations with Norway to update the EU-Norway VAT agreement.
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