Five things you need to know about tax, Friday 25 July 2025

In Irish news this week, the Institute has met with the Minister for Enterprise, Tourism and Employment and the Enhanced Reporting Requirements for employers has been identified, in a recent report to Government, as a significant competitive challenge to doing business in Ireland. In UK news, read HM Treasury’s response to the Institute’s April 2025 letter on the Autumn Budget 2024 changes to key inheritance tax reliefs and we are encouraging members to complete the Administrative Burden Advisory Board’s annual survey on HMRC. In International news, the European Commission has launched a Call for Evidence on the General Block Exemption Regulation.

Irish

1. The Institute’s Tax and Public Policy team met with the Minister for Enterprise, Tourism and Employment, to discuss current sentiment among SMEs and the challenges they face in terms of labour, operating and regulatory costs.
2. The National Competitiveness and Productivity Council’s recent report highlights the Enhanced Reporting Requirements for employers compliance costs for SMEs as a competitiveness concern.

   UK

3. Read HM Treasury response to the Institute’s April 2025 letter on the Autumn Budget 2024 changes to key inheritance tax reliefs, which were subsequently confirmed as proceeding earlier this week on L-day.
4. The 2025 ABAB survey on HMRC is open for completion.

   International

5. The European Commission has launched a Call for Evidence on the General Block Exemption Regulation as it assesses the potential tofurther simplification.

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 post EU exit corner here.