Five things you need to know about tax, Friday 2 August 2024

In Irish news, the Budget 2025 Tax Strategy Group papers have been published, the Institute writes a letter to the Minister for Finance seeking a reduction in Employers’ PRSI and CCAB-I writes to the Minister for Finance on the Employment Investment Incentive Scheme. In UK news, we bring you an update from HMRC on Pillar Two. In International news this week, the European Commission proposes a new electronic system for digitalising VAT exemption procedures. 

 Ireland

1. The Tax Strategy Group (TSG) last week published its annual papers in advance of Budget 2025.
2. Read the Institute’s letter to the Minister for Finance on Employers’ PRSI.
3. Read CCAB-I’s letter to the Minister for Finance on the Employment Investment Incentive Scheme.

   UK

4. Read about HRMC’s update on Pillar Two.

   International

5. The European Commission proposes a new electronic system for digitalising VAT exemption procedures. 

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 EU exit corner here.