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

Brexit: Charges on income for corporation tax purposes

Reference to the UK in circumstances where interest is paid to a bank (including a building society), stockbroker or discount house carrying on a business in the UK is now included in paragraph 2.1 of the Tax and Duty Manual Part 08-02-01 – Charges on income for corporation tax purposes.

The update to the TDM reflects changes made to section 243(4)(b) TCA 1997 by section 52 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2020. See e-Brief No. 047/21 for further details.