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

FA 20 changes: tax treatment of certain social welfare benefits

The Tax and Duty Manual Part 05-05-37 – Tax treatment of certain benefits payable under the Social Welfare Acts – has been updated to include changes made in Finance Act 2020. Finance Act 2020 amended section 126 TCA 1997, legislating that the pandemic unemployment payment is not a tax exempt urgent needs payment. See eBrief No. 052/21 for further details.