Five things you need to know about tax, Friday 5 July 2024

In Irish news, Revenue publishes key findings from its public consultation on VAT modernisation, guidance on Enhanced Reporting Requirements for employers is updated and the Department of Finance publishes responses to the first Feedback Statement regarding the strawman proposal on participation exemption. In UK news, we take a look at the tax policies of the two biggest parties in Northern Ireland, and HMRC releases its 2022/23 Tax Gap publications.

Ireland

1. Revenue has published a report setting out the key findings from the public consultation on modernising Ireland’s administration of VAT.
2. Revenue has updated the Tax and Duty Manual which provides guidance on the Enhanced Reporting Requirements (ERR) for employers.
3. The Department of Finance has published the responses it received to the first Feedback Statement on the strawman proposal on a participation exemption.

    

   UK

4. Read about the tax policies of the two biggest parties in Northern Ireland.
5. HMRC’s 2022/23 Tax Gap publications have recently been published.

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