Updates to Revenue manuals

Jan 06, 2020

Revenue published several updated manuals in recent weeks.  The key updates are listed here.

  • The manuals that cover Local Property Tax to reflect the impact of the most recent extension of the next valuation date to 1 November 2020.
  • Tax and Duty Manual Part 19-07-10 to include details of the CGT exemption introduced in Finance Act 2017 in respect of compensation payments made to certain individuals.
  • The VAT Tax and Duty Manual to include new chapters detailing changes to the application of VAT from 1 January 2020.
  • Chapter 24 of the Revenue Pensions Manual, which deals with Personal Retirement Savings Accounts (PRSAs).
  • The Agents' Guide to the Collector General's Division has been amended.
  • Tax and Duty Manual Part 35-02-08 - Guidelines for requesting Mutual Agreement Procedure (“MAP”) assistance in Ireland - to reflect the ratification in Ireland of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“MLI”), which entered into force for Ireland on 1 May 2019.
  • Tax and Duty Manual Part 05-05-33 - Certain benefits payable under Social Welfare Acts - increase for qualified adult - to clarify the tax treatment of an increase in the State Pension (Contributory) for a qualified adult for the tax year 2014 and subsequent tax years.
  • Tax and Duty Manual Part 04-05-06 - Taxation of Provisions and Accruals (income tax and corporation tax) - to reflect the changes in Finance Act 2019 relating to the tax treatment of IFRS 9 impairment allowances.
  • Tax and Duty Manual Part 05-02-17 - Deduction for statutory registration fees paid to the Health and Social Care Professionals Council (CORU) - to clarify that representative bodies of CORU professions may apply for CORU registration as a flat rate expense (FRE), where the expense is not currently available as an FRE.