In Irish news, Revenue has issued two new Tax and Duty manuals which outline both the registration requirements and the operation of the residential zoned property tax, and new guidance has been published on the close company surcharge. In UK news, we issue a reminder that the 2023/24 online self-assessment filing deadline is Friday 31 January 2025, and the Institute responds to the HMRC consultation on new ways to tackle non- compliance. In International news, the US President has published a memorandum stating the Two-Pillar Solution has no force or effect in the US.
Ireland
1. Revenue has published two new Tax and Duty manuals on the operation of residential zoned property tax (RZPT) and the registration obligations for this tax.
2.Read about the updates to the Tax and Duty manual on the close company surcharge.
UK
3. Read about the 2023/24 online self -assessment filing deadline and the possible impact of Storm Éowyn.
4. The Institute recommends that HMRC should review its existing compliance powers before introducing any new powers.
International
5. President Trump publishes a Memorandum on OECD Global Tax Deal stating that the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy has no force or effect in the United States.
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 here.
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