Five things you need to know about tax, 18 September 2020

Sep 17, 2020

In our top Irish stories this week, Revenue initiates an intensified programme of engagement on Brexit readiness and reduced operating hours for Revenue telephone helplines are expected to continue over the Autumn deadlines. In the UK, the latest HMRC job retention scheme update includes an updated template to claim for 100 or more furloughed employees and details on fraudulent claims. While in international tax, the European Commission published a new VAT gap report.

    Ireland

  1. Revenue announced plans to send letters to 90,000 businesses, as part of an intensified programme on Brexit readiness;
  2. Revenue telephone helplines are expected to continue operating with reduced opening hours over the Autumn deadlines, as staff continue to work from home inline with public health advice;

    UK

  3. The latest HMRC job retention scheme update includes an updated template to claim for 100 or more furloughed employees and details on fraudulent claims;
  4. COVID-19 tidbits – keep up to date as HMRC and the UK Government continue to publish updates on COVID-19 tax and related issues; and

    International

  5. The European Commission published a new VAT gap report, which estimates that EU countries lost an estimated €140 billion in VAT revenues in 2018.