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

Office of Tax Simplification report on changing the tax year end

The OTS has published its analysis of the potential benefits, costs and implications of a change to the tax year after conducting a review of the issue.

The review considers the high level implications of moving the tax year end date to 31 December and a more detailed evaluation of the implications of a move to 31 March. It also considers potential short term practical measures to facilitate the launch of Making tax Digital for Income Tax which has now been delayed until April 2024.

The OTS also recently held a webinar setting out its recent work. A video of the webinar and accompanying slide pack is now available.