In Irish tax developments, Revenue updates guidance to reflect the abolition of AMRFs and the payment and receipt of interest and royalties without deduction of income tax. On the UK front, HMRC has now publicly launched its services dashboard for agents and the month of July 2022 contains various 2021/22 expenses and benefits, and employment related securities deadlines. In International news, the European Commission publishes its Annual Report on Taxation.
Ireland
1. Revenue has updated its Pensions Manual to reflect the abolition of the Approved Minimum Retirement Fund (AMRF) requirement in Finance Act 2021.
2. Revenue has updated guidance in its Tax and Duty Manual on the payment and receipt of interest and royalties without deduction of income tax.
UK
3. HMRC has now publicly launched its services dashboard for agents, as lobbied for by Chartered Accountants Ireland.
4. July 2022 contains various 2021/22 expenses and benefits, and employment related securities deadlines.
International
5. The European Commission recently published its Annual Report on Taxation 2022 setting out the state-of-play of taxation in the EU.
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.