TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Reduced interest on overdue tax (Section 6)

A new Section 1080A TCA 1997 provides for a reduced interest rate of approximately 3 per cent per annum to apply from 1 August 2020 to taxes declared under agreements reached with Revenue by 30 September 2020. This measure does not apply where legal proceedings to recover the tax debt has been initiated by Revenue or where the sheriff or country register has initiated proceedings to recover the tax debt.