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

Tax measures to repay EU €750 billion recovery fund

The EU Summit took place over a weekend in July where leaders of Member States debated the €750 billion recovery fund. It is proposed that the money will be re-paid over a 30-year period using fund raising measures known as “own resources” which include tax measures.

The “own resources” include a plastics tax, which the Irish Government supports, a border carbon tax and a digital tax. Up until now, Ireland has opposed the introduction of a digital tax, calling instead for an international approach at OECD level. According to reports the Irish Government said they would examine any proposal on a digital tax before giving any response.