Five things you need to know about tax, Friday 24 January 2025

In Irish news, the Programme for Government was released and we issue a reminder that the deadline for reporting under DAC 7 is due by Friday, 31 January 2025. In UK news, the latest Finance Bill continues to work its way through the parliamentary process and HMRC has launched a new disclosure facility for research and development (R&D) tax relief claims. In International news, the OECD has released the updated GloBE Information return.

Ireland

1. Read about the Programme for Government and how it aims to secure Ireland’s future.

    

2. Reporting under DAC7 and the Model Reporting Rules for Digital Platform Operators is due by Friday, 31 January 2025. Read about the obligations and information required to be reported by digital platform operators.

UK

   3. Read about the new disclosure facility launched last month by HMRC for non deliberate errors in R&D tax relief claims.  

   4. In our legislation update, we look at the progress of the latest Finance Bill through parliament.

International

    5. The OECD has released the updated GloBE Information Return (GIR) which incorporates clarifications on completing the GIR.

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.