The OECD will host its virtual Tax and Development Days 2025 event later this week. This event provides an update on OECD initiatives to strengthen tax capacity, enhance tax policy, and improve compliance in developing countries, while also exploring future challenges.

On 18 March 2025, the European Parliament and the European Commission will co-host the third edition of the EU Tax Symposium. This year, the event will take place under the theme: Strengthening competitiveness and fairness to build prosperity.

In Irish news this week, we bring you an update from the recent TALC Collections sub-committee meeting and Revenue has published guidance on the new agent e-linking process. In UK news, HMRC release a message on ADL performance and recent banking issues, and we bring you the latest guidance updates and publications in our post EU exit corner. In International news, the OCED has published a working paper on taxation of capital gains. Ireland 1.Read about the representations made by the Institute, under the auspices of the CCAB-I, at the recent TALC Collections sub-committee meeting. 2. Revenue has issued guidance on the new agent e-linking process. UK 3. HMRC issue a message on ADL performance and recent banking issues. 4. Read the latest updates and publications in the post EU exit corner. International 5. The OECD has published a paper on taxing capital gains. 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.

Revenue has updated its guidance on Return of Values – Investment Undertakings to confirm a reporting obligation does not arise for excepted unit holders in Pan European Pension Product (PEPP) and The Future Ireland Fund and the Infrastructure, Climate and Nature Fund. The manual now confirms that all returns should be submitted through the Revenue File Transfer System (RFTS) to the Analytics and Information Branch of the Accountant General's and Strategic Planning Division.

HMRC has released a brief message on two issues raised last week; problems with some advisors accessing certain systems and issues with some banks having problems with some of their services. ADL Performance (Advisors unable to access certain systems)  We’re sorry about the issue that impacted customers on our Self Assessment telephone service and ADL last week. This has been resolved. Affected colleagues continued to provide a service to customers by offering general advice and we encouraged people to use our online services, which were working as normal. Banking Issues Friday 28 February We’re aware of the issues with some banks on Friday 28 February 2025. They've now been resolved, meaning customers will have been able to pay their tax and avoid any penalties. Our online services are working as normal.

HMRC Stakeholder Digest HMRC has released the February 2025 HMRC Stakeholder Digest which provides a monthly round-up of HMRC’s latest news and updates including:   New ‘Help for Hustles’ campaign Unlocking Child Trust Funds Filling National Insurance gaps to increase the State Pension Tax advice– don't get caught out by tax avoidance

Revenue has published a new Tax and Duty Manual on the VAT treatment relevant to Taxi drivers outlining the various VAT rules which apply to taxi drivers. The manual outlines the VAT registration obligations of taxi drivers, and the VAT recoverability rules for relevant services received. The VAT implications for taxi drivers using the services of an online platform provider for taxi booking are outlined in the guidance.

Revenue has updated its guidance on the VAT Treatment of heat pump heating systems to provide additional details on the application of the second reduced VAT rate. For the second reduced VAT rate of 9 percent to apply, the supply of the heat pump heating system and its installation must be completed by the same business in the same supply (i.e. a supply and install contract). The supply and installation of a heat pump heating system can include key equipment required to facilitate the efficient operation of a heat pump. The Tax and Duty Manual Fixtures and Fittings has also been updated to refer readers to the above-mentioned manual for details on the VAT treatment of heat pump heating systems.

In this week’s post EU exit corner, we bring you the latest guidance updates and publications relevant in the post EU exit environment. The most recent Trader Support Service bulletin is also available as is the latest Brexit and Beyond newsletter from the Northern Ireland Assembly EU Affairs team. Below we also feature a range of resources to help businesses in their preparations for the changes to business-to-business parcel movements from Great Britain to Northern Ireland under the Windsor Framework from 31 March 2025.  Useful resources for parcels changes  Here are some of the links to guidance and resources:  Future arrangements for moving parcels from Great Britain to Northern Ireland under the Windsor Framework  Simplified processes for Internal Market Movements (SPIMM)  Moving goods into Northern Ireland as ‘not at risk’  UK Internal Market Scheme (UKIMS)  Customs Duty Waiver Scheme  Duty Reimbursement Scheme  Categorising goods for Internal Market Movements from Great Britain to Northern Ireland  Miscellaneous guidance updates and publications Data Element 2/3 Documents and Other Reference Codes (National) of the Customs Declaration Service, Manage your Trader Goods Profile, Applying to use simplified declarations for imports, Apply to operate a temporary storage facility, Pay less Customs Duty on goods from a country with a UK trade agreement, External temporary storage facilities codes for Data Element 5/23 of the Customs Declaration Service, Simplified processes for fixed transport installations, Apply for a customs comprehensive guarantee to cover customs debts, Apply for Designated Export Place approval, Apply for authorised consignor or consignee status, Apply to import multiple low value parcels on one declaration, Importing bananas you have to pay duty on into the UK, Apply to use simplified procedures for import or export (C&E48), Transfer the rights and obligations of a customs special procedure to someone else, Apply to pay less duty on goods you import for specific uses, Apply to delay or pay less duty on goods you import to process or repair, and Apply to operate a customs warehouse.

The OECD has published a working paper on taxing capital gains. The paper analyses the rationales, challenges, and implications of offering more favourable tax treatment to capital gains compared to other forms of income. This paper lays the groundwork for evaluating potential policy reforms.

Revenue has published new Guidelines for Agents and Customers regarding the Agent e-linking process outlining the new e-linking process for both agents and customers. As outlined in the earlier news item on our update from the meeting of the TALC Collections Subcommittee, the new e-linking system will be available from 25 March 2025. The new e-linking system will involve the agent initiating the linking process online and the client actioning the request.  As the requirement and responsibility lie with the client to approve the link request, greater digital security and transparency is provided to both the agent and client. The system will facilitate viewing, approving and rejecting agent links functionality and should provide customers and their agents with a quick, secure, and cost-effective method to conduct their business electronically with Revenue.  Customers without a ROS or myAccount registration will continue to be processed under the existing linking rules.

The OECD has published its consolidated report on Amount B  as part of the Two Pillar Solution. This consolidated report includes all publications on Amount B by the Inclusive Framework in 2024.