The Institute, under the auspices of the CCAB-I, made representations on behalf of members at the first meeting of the Tax Administration Liaison Committee (TALC) Simplification subgroup last week. The subgroup, made up of representatives from Revenue, the CCAB-I, the Irish Taxation Institute and the Law Society, was established on the direction of the Minister for Finance to “identify any opportunities to simplify and modernise the administration of business supports”. Other business groups representative of Irish small and medium enterprises (SMEs) will be invited to contribute with a view to identifying perceived administrative issues and obstacles that deter SMEs from availing of business reliefs.
CCAB-I will inform members via Tax News of all relevant updates.