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

Distributions manual updated for UK withdrawal from EU

The Tax and Duty Manual Part 06-02-02 – Distributions – is now updated to reflect the treatment of UK companies following the withdrawal of the UK from the EU.

The manual has been updated as follows:

Part 1 – Overview: an additional paragraph is included, which states UK compliance will continue to be within the ambit of sections 130(2)(d)(iv) and 130(3) TCA 1997; and

Part 4 – Distributions in respect of securities [section 130(2)(d)]: Paragraph 12(d) includes companies resident in the UK in circumstances where interest paid to companies is not to be treated as a distribution per section 130(2)(d)(iv) TCA 1997.

See eBrief No. 023/21 for further details.