In Irish news, the Irish Fiscal Advisory Council has published a paper on the impact of US tariffs and policy changes, and the Department of Finance published the Finance (Tax Appeals and Fiscal Responsibility) Bill 2024. In UK news today, the first batch of Making Tax Digital mandation letters have been issued and HMRC has asked us to share news about a change to their GOV.UK sign in screen page. In International news this week, EU finance ministers agree to abolish the €150 customs duty threshold on goods entering the EU.
Ireland
1. The Irish Fiscal Advisory Council published an analytical note last week examining the potential impact of US tariffs and other policy changes on Irish corporation tax receipts.
2. The Department of Finance published the Finance (Tax Appeals and Fiscal Responsibility) Bill 2024 which includes a proposal to reconsider tax appeals being held in camera.
UK
3. HMRC has issued the first batch of letters to relevant taxpayers outlining the mandatory Making Tax Digital (MTD) for income tax obligations.
4. Read about a change to HMRC’s sign in page which introduces an additional option: GOV.UK One login.
International
5. Read about the decision of EU finance ministers to abolish the €150 customs duty threshold on goods entering the EU.
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