In Irish news this week, the Department of Finance has published its first Annual Progress Report and Revenue has published new guidance on the participation exemption for certain foreign dividends. In UK news, the Institute recommends that the introduction of any UK wide e-invoicing policy should commence on voluntary basis and HMRC is no longer providing unique taxpayer references (UTRs) to taxpayers or agents over the phone. In International news, two EU Parliament subcommittees will host a joint public hearing next week on the impact of tax policies on the EU housing crisis.

Ireland

1. Read about the Annual Progress Report recently issued by the Department of Finance and the Department of Public Expenditure and Reform.

2. Revenue has issued new guidance on the dividend participation exemption.

UK

3. The Institute responded last week to the consultation by the UK Government  on e-invoicing, outlining the recommendation that any e-invoicing policy should commence on voluntary basis.

4. HMRC is no longer providing unique taxpayer references (UTRs) to taxpayers or agents over the phone for security reasons.

International

5. Read about the upcoming public hearing on the impact of tax policies on the housing crisis in the EU.

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.