In Irish news today, the Institute, under the auspices of the CCAB-I, has responded to the public consultation on the tax treatment of interest in Ireland and we bring you an update from Revenue on compliance information provided to taxpayers and businesses. In UK news, HMRC has issued an update for those severely impacted by the recent exceptional weather events, and it confirms it is not proceeding with plans requiring employers to provide more detailed employee hours data. In International news, the OECD has published guidance on the operation and management of a tax administration audit program.
Ireland
1. Read the response by the Institute to the public consultation on the tax treatment of interest in Ireland.
2. Revenue is to write to non-filers of income tax and corporation tax returns.
UK
3. HMRC contacts the Institute advising it will take a pragmatic approach to late filing for those affected by the recent exceptional weather.
4. In line with the Institute’s recommendation, HMRC confirms it is not proceeding with plans requiring employers to provide more detailed employee hours data.
International
5. The OECD have recently published the VITARA Reference Guide on The Audit Program which provides guidance on a tax administration audit program.
Keep up to date with all the latest Irish, UK, and international tax developments through Chartered Accountants Ireland’s Tax Newsletter. Subscribe to the Tax News by updating your preferences in MyAccount. You can also read this week’s post EU exit corner.
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