Five things you need to know about tax, Friday 12 July 2024

In Irish news, the Exchequer reports strong tax revenues for the first half of 2024 and Revenue has published updated guidance for the online Non-resident Landlord Withholding Tax (NLWT) system. In UK news today, a new Labour government means new tax policy and a budget in the autumn and in this week’s miscellaneous updates, HMRC has advised that voluntary class 2 national insurance contributions (NICs) have been incorrectly refunded to some taxpayers. In International news, the Directorate-General for Taxation and Customs Union has published the Annual Report on Taxation 2024.

 Ireland

1. Read the Exchequer report of strong tax revenues for the first half of 2024.
2. Revenue has published updated guidance for the online Non-resident Landlord Withholding Tax (NLWT) system.

   UK

3. Read about what tax policies and fiscal events to expect over the coming weeks and months from the new Labour government.
4. This week’s miscellaneous updates features the news that HMRC has incorrectly refunded voluntary Class 2 NICs to some taxpayers.

   International

5. The Directorate-General for Taxation and Customs Union has published the Annual Report on Taxation 2024.

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.