Revenue has commenced an information campaign on the upcoming revaluation period for Local Property Tax (LPT) and confirmed it will be corresponding with property owners over the next few weeks to outline the relevant compliance obligations.  Revenue has also updated its Local Property Tax (LPT) portal to enable property owners to update their property valuations in advance of the filing deadline of 7 November 2025. A revaluation of properties for LPT purposes is required on 1 November 2025 and will apply for the years 2026 to 2030 inclusive. Property owners are required to: Value the property as at 1 November 2025, Submit the property valuation to Revenue and file a return by 7 November 2025, and Confirm the preferred payment arrangement for 2026. Agents are encouraged to check LPT compliance with their clients in advance of the income tax filing deadlines to avoid unnecessary delays and exposure to the LPT surcharge. Further details are available in a previous news item outlining the changes announced in the General Scheme of Finance (Local Property Tax) (Amendment) Bill 2025.

In this week’s detailed miscellaneous updates which you can read more about below, HMRC has published the latest Agent Update and this week several webinars are taking place looking at internships and the National Minimum Wage. In other news this week: The House of Lords Finance Bill Sub-Committee has launched a call for evidence into the latest Finance Bill, which the Institute will be responding to, The latest schedule of HMRC Talking Points live and recorded webinars for tax agents are available for booking. Spaces are limited, so take a look now and save your place, and Check HMRC’s online services availability page for details of planned downtime and the online services affected. Latest Agent Update Agent Update: Issue 135 is available now. Get the latest guidance and information on: Guidelines for Compliance: help ensure documents filed with HMRC are correct and complete, Final reminder: UK businesses in climate change agreements to report annual tax subsidy awards to HMRC by‌‌‌ 30‌‌‌ September‌‌‌ 2025, Update on winter fuel payments recovery through the tax system, Opportunity for agents to join HMRC forums, and 'Tax Help for hustles' campaign: new resources for agents and their clients. Internships and the National Minimum Wage new live webinars Are your clients accidentally underpaying their workers? Join a HMRC webinar to find out more. Many employers think 'interns' can work for free, but in the majority of cases they are workers for National Minimum Wage (NMW) purposes. That’s exactly why so many businesses unintentionally fall short, even when they think they’re doing everything right. HMRC’s NMW team are delivering brand-new live webinars this week looking at internships and the NMW. You’ll learn: How to determine whether an intern is a worker for NMW purposes, Scenarios and common pitfalls that could be affecting your payroll right now, and What to do if an underpayment occurs. Plus, get your burning questions answered live. HMRC’s expert panel will be on hand to answer questions. Whether you’re an employer wanting to stay compliant or an accountant advising clients, these sessions will give you the confidence and knowledge to navigate NMW requirements with more certainty. Secure your spot now, because getting it right the first time is always better than fixing it later. Book onto a webinar now: Tuesday‌‌‌ 23‌‌‌ September‌‌‌ 2025, and Thursday‌‌‌ 25‌‌‌ September‌‌‌ 2025.  

In this week’s cross-border trading corner, we bring you the latest guidance updates and publications. 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. Lord Murphy of Torfaen has now completed his Independent Review of the Windsor Framework and the UK Government has sent an email setting out details of the new export health certificate which took effect last month. Independent Review of the Windsor Framework Earlier this month Lord Murphy of Torfaen published his report on the Independent Review of the Windsor Framework (WF). Despite the disparate views of local political parties on the WF, the report sets out that the parties have put forward important and practical suggestions on how improvements to its operation could be made.  The key elements of the report can be summarised as follows: Small and medium-sized companies are struggling with the new rules and processes, Some gaps remain in how Northern Ireland can meaningfully influence EU laws that apply to it, and The recent sanitary and phytosanitary agreement between the UK and EU is a significant advancement which promises practical improvements to NI-GB trade. Miscellaneous guidance updates and publications This week’s miscellaneous guidance updates and publications are as follows: Using a special procedure without a prior authorisation, Apply to pay less duty on goods you import for specific uses, Sailing a pleasure craft into the UK temporarily for private use, External temporary storage facilities codes for Data Element 5/23 of the Customs Declaration Service, Appendix 2 C21e: Data Element 1/11: Additional Procedure Codes, Appendix 2: DE 1/11: Additional Procedure Codes of the Customs Declaration Service (CDS), and Withdraw funds from your Customs Declaration Service cash account.

Finalists announced for the 48th Published Accounts Awards Chartered Accountants Ireland Leinster Society has announced its shortlist for the 48th Annual Published Accounts Awards. These awards honour outstanding achievement in corporate reporting, celebrating companies across the island of Ireland that demonstrate excellence, transparency, and innovation in financial communication. This year’s shortlist includes a total of 27 public and private companies, and 9 not-for-profit organisations. The winners will be announced at a prestigious gala evening, taking place in The Shelbourne Hotel on Thursday 6th November. Euronext Growth Award Origin Enterprises Uniphar Euronext Dublin (SME < €1bn) Dalata Hotel Group FBD Holdings Glenveagh Properties Hostelworld Irish Residential Properties REIT Irish Continental Group Kenmare Resources Euronext Dublin (Large Cap > €1bn) AIB Bank of Ireland Glanbia Company Listed on a Foreign Market DCC Flutter Entertainment Grafton Group Oneview Healthcare Statutory or Unlisted Entity (IFRS) An Post EirGrid ESB Northern Ireland Water Statutory or Unlisted Entity (Non-IFRS) Central Bank of Ireland CIÉ - Córas Iompair Éireann Coillte CGA daa Gas Networks Ireland Irish Football Association Tusla, Child & Family Agency Arachas Not for Profit - Large Barnardos Barretstown Concern Worldwide Focus Ireland CLG Jigsaw, the National Centre for Youth Mental Health Kare Arachas Not for Profit - Small / Medium Dogs Trust Irish FA Foundation The Wheel In addition to the category awards, there are also a number of other awards consisting of the: Overall Winner’s Award, Sustainability and ESG Reporting Award Unlisted entities, Branding, Communication and Digital Award, Diversity and Inclusion Award - Not for Profit Diversity and Inclusion Award - Listed and Unlisted entities Full details on the dedicated PAA webpage: https://www.charteredaccountants.ie/Leinster/PAA EVENT DETAILS Thursday 6th November 2025 The Shelbourne Hotel, 7pm M.C.: Multi award-winning satirist, mimic, comedian and host Mario Rosenstock Tickets: €150 per person / €1500 for a table of ten Booking & Info: leinstersociety@charteredaccountants.ie Dress Code: Business / Cocktail Sponsored by: Arachas and Euronext Dublin Media Partner: Business Post

Welcome to the latest edition of Technical Roundup. In developments since the last edition, the Department of Enterprise, Tourism and Employment has issued an Action Plan on Competitiveness and Productivity which contains 85 actions for strengthening our competitiveness and productivity performance presented across six themes. The Financial Reporting Council has also released two new Factsheets to assist FRS 102 preparers and readers may be interested in registering for some of our free upcoming CPD events. Read more on these and other developments that may be of interest to members below. Financial Reporting The Financial Reporting Council (FRC) has issued two new factsheets to support entities applying FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. The European Securities and Markets Authority (ESMA) has published its second risk monitoring report of 2025 setting out the key risk drivers currently facing EU financial markets. Registration is still open for our free, in-person events with the FRC in Belfast on 15 October and Dublin on 16 October. These events will focus on the implementation of the 2024 Periodic Review amendments to FRS 102 and FRS 105. Places are limited and are booking fast so register now if you would like to attend. The IFRS Foundation is hosting a webinar on 30 September with the theme of how companies are integrating IFRS Accounting Standards into products and services. Auditing and Assurance IAASA has released its second publication as part of its 2025 AQS Insight Series which focuses on key messages in relation to auditing of financial statement disclosures. The FRC has launched a new initiative to support the development of the capability and quality management by small audit firms looking to establish a greater presence in the UK Public Interest Entity (PIE) audit market. The Scalebox Programme will introduce a new and more proportionate supervisory approach, designed to enhance audit quality and reflect the unique needs of smaller firms. The European Commission has announced an intention to launch a consultation which could lead to measures to further convergence in audit supervision. Accountancy Europe’s recent article discusses the implications of this and has recommended some key priorities of any future supervision reform. Artificial intelligence (AI) In September 2025 the Irish government advanced the rollout of the EU Artificial Intelligence (AI) Act, confirming the designation of 15 National Competent Authorities under the AI Act. Ireland becomes one of the first six Member States to reach the critical milestone of designating the competent authorities which will be responsible for enforcement of the Act. Sustainability On Tuesday 23 September, Chartered Accountants Ireland will be hosting a webinar with the European Financial Reporting Advisory Group (EFRAG) on the Revised European Sustainability Reporting Standards (ESRS). If you would like to register to attend this free outreach event, you can do so via our website. IAASA has released a Thematic Desktop Examination on Sustainability-linked financing. The thematic examination looked at the annual reports of 17 equity issuers listed on the main market of Euronext Dublin. As the public consultation on the ESRS enters its final few days, EFRAG has prepared some informative videos and a factsheet on the proposed simplifications to the standards. The consultation remains open until 29 September. EFRAG are hosting a hybrid event on 6 October on the VSME standard entitled “The VSME Standard in Action: From the European Commission’s Recommendation to Digital Solutions.” Accountancy Europe has updated its CSRD Transposition Overview which monitors the CSRD transposition status across the EEA countries. The International Sustainability Standards Board (ISSB) will be hosting episode 12 of their “Perspectives on sustainability disclosure” webinar series on 6th October. Accountancy Europe has published its September 2025 Sustainability Update. Anti-money laundering and sanctions From our Professional Standards colleagues: we remind readers of how to be an Authorised Corporate Service Provider (ACSP) with Companies House in the UK. From 18 March 2025, you can apply to become an ACSP using Companies House new service ‘Apply to register as a Companies House authorised agent’. - To register you must be supervised for AML in the UK. - When completing the application process, you will be asked to provide your firm identity number - that will be your Institute firm number. Please ensure that the firm’s business name, address and any trading names provided to Companies House match what is recorded with the Institute, otherwise your application may be rejected. Central Bank of Ireland (CBI) The Central Bank has published its third Quarterly Bulletin of 2025.  The Central Bank has launched a consultation regarding proposed amendments to the Central Bank Undertakings for Collective Investment in Transferable Securities (UCITS) Regulations and the Central Bank Guidance on performance fees for UCITS and certain types of Retail Investor Alternative Investment Funds (AIFs). The Central Bank has launched a consultation regarding proposed amendments to the Central Bank Alternative Investment Fund Rulebook (AIF Rulebook). Other news With busy filing season almost upon us again we outline some tips and pointers for the busy Annual Return filing season which may help you navigate the process with the Companies Registration Office. We advise readers to file early if at all possible. In September 2025 the President of the European Commission delivered her State of the Union address to the European Parliament. She shares her vision for the EU, takes stock of achievements and announces major upcoming initiatives. Please click for the Letter of Intent where she detailed the actions the Commission intended to take in the following year by means of legislation and other initiatives. Click here for the document “From promise to progress: first year in office Von der Leyen Commission 2024-2029”. The Department of Enterprise, Tourism and Employment (DETE) has issued an Action Plan on Competitiveness and Productivity which contains 85 actions for strengthening our competitiveness and productivity performance presented across six themes. In other DETE news, it is holding a webinar on export controls on 25 September 2025 from 10AM to 12.30PM. The webinar is designed for current exporters, potential exporters and agents acting on behalf of exporters. Click to find out more details and to register for the webinar. The Pensions Authority has published its Annual Report and Accounts 2024. The Report and Accounts, and an accompanying statement from the Pensions Regulator is available here. The National Cyber Security Centre (NCSC) continues to flag critical vulnerabilities identified in September 2025 regarding cyber security issues that may affect Ireland as part of the ‘Alerts and Advisories’ section of its website. Recent vulnerabilities noted for SAP products, Ivanti products, and Adobe products. Th NCSC recommends installing updates for vulnerable systems. Click NCSC: News for further details. For further technical information and updates please visit the Technical Hub on the Institute website.      This information is provided as resources and information only and nothing in the information purports to provide professional advice or definitive legal interpretation(s) or opinion(s) on the applicable legislation or legal or other matters referred to in the information. If the reader is in doubt on any matter in this complex area further legal or other advice must be obtained. While every reasonable care has been taken by the Institute in the preparation of the information we do not guarantee the accuracy or veracity of any resource, guidance, information or opinion, or the appropriateness, suitability or applicability of any practice or procedure contained therein. The Institute is not responsible for any errors or omissions or for the results obtained from the use of the resources or information contained herein.

In Irish news, Revenue publishes guidance on registering for Pillar Two and also publishes guidance on disclosure opportunities for businesses impacted by the Supreme Court decision in Karshan. In UK news, the Institute writes to the new CEO of HMRC and read the latest updates from HMRC including a project looking at multi-factor authentication for agents. In International news this week, the OECD publishes its annual report on Tax Policy Reforms. Ireland 1. Revenue has published new guidance on the registration process for Pillar Two taxes. 2. Revenue has published the Karshan Disclosure Opportunity Guidance, outlining detailed information regarding possible settlement arrangements arising from the Supreme Court’s decision in Revenue Commissioners v Karshan (Midlands) Ltd. UK 3. Ahead of HMRC’s Annual Stakeholder Conference which took place in London earlier this week, the Institute wrote a letter of introduction to HMRC’s new CEO setting out four key issues on our agenda. 4. In a detailed miscellaneous update this week which you can read more about below, HMRC is seeking research participants for its project looking at multi-factor authentication (MFA) for agents. International 5. The OECD has published its annual report on Tax Policy Reforms for 2025. 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 Cross-border trading corner here.

The FISC Subcommittee on Tax Matters will hold a public hearing on the tax implications of the Trump administration’s policies next week on Tuesday 23 September 2025. The hearing is an opportunity to both consider the evolving dynamics of EU-U.S. tax relations and to reflect on how the EU can safeguard its interests in a rapidly changing global context.

The OECD has published its annual report on Tax Policy Reforms for 2025. The report covers the tax policy reforms introduced or announced in 2024 in 86 member jurisdictions of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS), which includes all OECD countries.

Revenue has restructured its guidance on Capital Acquisitions Tax (CAT) and has published two new manuals, the CAT Administration Manual and the CAT Manual which replace the existing guidance. Apart from minor changes, the contents in both manuals have been taken directly from pre-existing guidance. Revenue has confirmed that links to the documents in the manuals will be updated over the coming weeks and a table has been provided which lists the titles of the documents in the new CAT manual and indicates the source of the guidance contained in each document. The new CAT Administration Manual contains the following details: CAT Part 01 - Introduction to Capital Acquisitions Tax CAT Part 02 - Statement of Affairs (Probate) Form SA.2 CAT Part 03 - The Self-Assessment Tax Return (Form IT38) CAT Part 04 - Certificates of Discharge Guide to Capital Acquisitions Tax Compliance Intervention The new CAT Manual covers the following topics: Part 02 - Gift Tax Part 03 - Inheritance Tax Part 04 - Value of Property for Tax Part 05 - Provisions relating to Gifts and Inheritances Part 06 - Returns and Assessments Part 07 - Payment and Recovery of Tax, Interest and Penalties Part 09 - Exemptions Part 10 - Reliefs Schedules

Revenue has published the Karshan Disclosure Opportunity Guidance, outlining detailed information regarding possible settlement arrangements arising from the Supreme Court’s decision in Revenue Commissioners v Karshan (Midlands) Ltd. This follows the publication in May 2024 of the Revenue Guidelines for Determining Employment Status for Tax Purposes, which was update to reflect the decision in Karshan. In a recent press release, Revenue notes that “the judgment changed the understanding of the correct legal principles and legal tests to apply in determining whether an employer had correctly classified workers as employees or as self-employed”. Where a business or employer deems that it is necessary to make a disclosure and that disclosure can be treated under the new guidance, the disclosure must be made no later than Friday, 30 January 2026. In the new guidance note, Revenue states the following: “Revenue invites employers impacted by the Supreme Court ruling to make a disclosure in respect of 2024 and 2025. Revenue will treat any adjustment of liability in respect of both years as a “technical adjustment” as provided for in the Code of Practice for Revenue Compliance Interventions. This means that Revenue will not consider liabilities to have arisen from either deliberate or careless behaviour and a tax-geared penalty shall not apply to any liabilities to Income Tax, USC and PRSI in respect of these years. In addition, fixed penalties will not apply.” At the time that the judgment was released, the Institute engaged extensively with Revenue through the Tax Administration Liaison Committee. You can find links to the various meetings where this issue was discussed below: Minutes of TALC Direct and Capital Taxes Sub-Committee - 30 November 2023 Minutes of TALC Direct and Capital Taxes Sub-Committee - 29 February 2024 Minutes of TALC Direct and Capital Taxes Sub-Committee - 25 April 2024 Minutes of TALC Direct and Capital Taxes Sub-Committee Meeting - 12 June 2024 Minutes of Main TALC Meeting - 27 June 2024 As part of our engagement with Revenue through TALC, the Institute, under the auspices of the CCAB-I also provided feedback on the judgment. While our understanding did not reflect Revenue’s interpretation in certain areas, the process provides the appropriate forum for a detailed understanding of the judgment and its implications.

Revenue has published new guidance on the registration process for Pillar Two taxes. Entities must register with Revenue for the relevant taxes within twelve months following the end of the first fiscal year in which they fall within the scope of Pillar Two taxes which includes taxes arising under the Income Inclusion Rule (IIR), the Undertaxed Profit Rule (UTPR), and/or the Qualified Domestic Top-up Tax (QDTT). The guidance outlines the relevant Pillar Two registration obligations and provides information on the registration hub and managing the various registrations. The registration hub is now live and the deadline for in-scope entities with a fiscal year ending on or before 31 December 2024 to register with Revenue for Pillar Two is 31 December 2025 Entities are also required to register for the Top-up Tax Information Return (TIR) through the registration portal, enabling them to inform Revenue whether the TIR will be filed in Ireland or by a Designated Filing Entity in another jurisdiction. Revenue issued letters to Irish Ultimate Parent Entities (UPEs) in mid-August 2025 regarding the registration process and a second phase of letters are due to be issued soon to the constituent entities of the Irish UPEs. Further details on the registration portal and the dedicated Revenue Pillar Two hub are outlined in our recent news item.

In this week’s cross-border trading corner, we bring you the latest guidance updates and publications. 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. Miscellaneous guidance updates and publications This week’s miscellaneous guidance updates and publications are as follows: Appendix 1: DE 1/10: Requested and Previous Procedure Codes of the Customs Declaration Service (CDS), Appendix 2: DE 1/11: Additional Procedure Codes Notices made under the Customs (Special Procedures and Outward Processing) (EU Exit) Regulations 2018, Notices made under The Customs (Import Duty) (EU Exit) Regulations 2018, Apply to delay or pay less duty on goods you import to process or repair, Apply to pay less duty on goods you export to process or repair, Import goods to the UK temporarily, Check if you can get import duty relief on goods using Temporary Admission, and Apply to import goods temporarily to the UK.