Five things you need to know about tax, Friday 24 November 2023

In Irish news, the Institute wants to hear members views on the proposal for real-time digital reporting of VAT, while Revenue  has provided contact details for platform operators with DAC7 registration queries and it is to hold a further webinar on the Enhanced Reporting Requirements for employers. In UK news, this week’s miscellaneous updates brings news about the publication of new Guidelines for Compliance for R&D tax relief claims. In International news, the European Commission has published the Autumn 2023 Economic Forecast which shows that the European economy has lost momentum.

Ireland

1. Revenue’s public consultation on real-time digital reporting for VAT – we want to hear from you.
2. Revenue has provided useful contact information for DAC7 registration and filing queries for platform operators that are obliged to register with Revenue by 30 November 2023.
3. Revenue is holding an online webinar on Thursday 30 November on the Enhanced Reporting Requirements (ERR) for employers which is scheduled to commence from 1 January 2024.

   UK

4. Read about the new Guidelines for Compliance in respect of R&D tax relief claims.

   International

5. The European Commission has published the Autumn 2023 Economic Forecast which shows that the European economy has lost momentum.

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