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

Updates to Revenue manuals

Revenue updated the TDM – Part 38-03-23 – Standard for Automatic Exchange of Financial Accounting Information in Tax Matters – The Common Reporting Standard (CSR). The Customs Exports Procedures Manual has been updated to incorporate two other Tax and Duty Manuals and reflect changes in the Union Customs Code (UCC) No. 952/2013, as well as providing information on export procedures for staff. Revenue also archived the TDM – Part 12-05-05, relating to life assurance companies and group relief.

Revenue issued a number of eBriefs providing updates on a new VRT manual for making online payments in ROS and MyAccount, and updates to the Guide to Excise Licences manual. The Air Travel Tax Manual has also been archived.

Standard for Automatic Exchange of Financial Accounting Information in Tax Matters – The CSR

The manual Part 38-03-23 has been updated at section 10. The updates set out the release of the CRS User Guide Version 3.0 and CRS XML Schema Version 2.0, which will be in use from 1 February 2021.

Customs Exports Procedures Manual

The Customs Exports Procedures Manual now incorporates the below Tax and Duty Manuals:

  • TDM – Customs Export Procedures – Section 11–12
  • TDM – Customs Export Procedures – Appendices

Updates to reflect changes in Union Customs Code (UCC) No. 952/2013 and provide information on export procedures for staff can be found in Revenue eBrief no.170/20.

Life assurance and group relief

The manual Part 12-05-05 provided details of an amendment made by section 54 Finance Act 2000 to section 420 TCA 1997 to allow life assurance companies who were taxed under the ‘new basis’ to avail of group relief with effect from 1 January 2001. Revenue considers that given the passage of time, and the fact that the position is now well understood, the manual is no longer required. Further information can be found in Revenue eBrief No.169/20.

VRT online payments in ROS and MyAccount

Revenue eBrief No. 175/20 confirmed the publication of a new TDM VRT Online Payments in ROS and MyAccount to provide guidance on a new online payment facility for VRT.

Waiver of excise duty on on-trade liquor licences on renewal in 2020

Revenue eBrief No.177/20 confirmed the TDM Guide to Excise Licences has been updated to include a website link to information on the waiver of excise duty on on-trade liquor licences for the renewal period (1 October 2020–30 September 2021) announced by Government on 28 August 2020.

Air travel Manual archived

Revenue eBrief No. 178/20 confirmed the contents of the Air Travel Manual has been archived, as the air travel tax was abolished with effect from 1 April 2014.