Subscribe       Web Version       Manage my Newsletter ISSUE DATE: 16 December 2019
Tax News
Welcome to Chartered Accountant Ireland’s essential weekly tax update
Thank you for your interest in, and support for, Chartered Accountants Tax News during 2019. We hope you have found our Tax Newsletter useful to you over the past year. We will be doing it all again for 2020, beginning on Monday 6 January. From all of us here in the Tax and Public Policy team, we would like to wish you a happy Christmas and best wishes for the New Year.  But before we wrap things up for another year, along with everything you need to know about tax and Brexit, this week’s newsletter brings you 2019 in pictures where you can see what the Tax & Public Policy team has been doing on your behalf this year.
 
2019 in review
As 2019 draws to a close, take a look at pictures from Institute Tax & Public Policy events and contributions to the policy debate, both domestic and international, on your behalf during the year.  You can also see a round-up of all the lobbying we have been carrying out across Ireland, UK and internationally.
 
Ireland
 
Response to Dividend Withholding Tax Consultation
As part of the Budget 2020 measures announced by the Minister for Finance, Revenue launched a consultation for a new collection system for applying and collecting Dividend Withholding Tax (DWT) from dividends and distributions. Last week, under the auspices of CCAB-I, the Institute responded to Revenue’s consultation.
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Revenue Statement of Strategy and Corporate Priorities for 2020
The Statement of Strategy and Corporate Priorities sets out Revenue’s high-level objectives for the three-year period ahead.  According to Revenue, the strategy is centred around the twin strategic pillars of Service for Compliance and Confronting Non-Compliance.  We will be engaging with Revenue via the TALC forum on the implementation of this strategy. 
 

Taxes Administration Liaison Committee (TALC)

The minutes of the Main TALC meeting held in October are now published.  Matters covered at that meeting include; development of the online CA24, VAT thresholds for interventions in refund cases, Finance Bill 2019 and the VAT two-tier registration system. The 30th year anniversary of TALC was celebrated last week with an event hosted by Chartered Accountants Ireland.  See pictures here
 

Finance (Tax Appeals and Prospectus Regulation) Act 2019

This Act was signed into law by the President on 10 December 2019. The Act provides for the appointment of a chairperson of the Tax Appeals Commission ("TAC").  It also amends the legislation that deals with the case stated procedure.  The Act will be available in due course on Irish Statute Book.  Until then you can read a copy of the Bill as initiated, amendments, related documents and debates on the Oireachtas website.
 

tax.point December issue

In the December issue of tax.point Brid Heffernan writes on the recent OECD Secretariat proposals for taxing the digital economy. Sinead Sweeney and Kathryn Hynes review the PAYE system and provide some tips for employers and employees for the 2020 tax year. Regular content includes tax developments in Ireland, the UK and Internationally. The Institute's Brexit and public policy bulletins and the tax case digest also feature. 
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In the media
With a Conservative victory in the UK general elections last week, in his article in the Irish Examiner Dr Brian Keegan reminds readers to continue preparing for Brexit, regardless of the outcome.
 
 
Chartered Tax Consultant 2020: enrol now for your professional tax qualification
   
Chartered Tax Consultant is a yearlong professional tax qualification which will make you confident and competent in all aspects of tax. If you hold the FAE tax elective, you can avail of an exemption and complete in just six months, June to December. Find out more about all aspects of the programme here. Check out the 2020 brochure online to read all about it.
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UK

Loan charge review delayed – guidance published

Due to the general election, the outcome of the independent loan charge review has been delayed. This will impact on anyone currently in the process of agreeing a settlement in respect of this matter with HMRC. HMRC has published guidance on this which advisers and taxpayers should refer to.
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Christmas PAYE filing easement confirmed

HMRC has confirmed that the temporary easement on reporting PAYE information in real time announced in December 2018, is now a permanent arrangement and will apply for Christmas 2019.
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Recent HMRC Brexit guidance and publications
We set out here for you a selection of the key updates, announcements, developments and guidance issued by HMRC in recent weeks to help businesses and individuals prepare for leaving the EU. Note that some of the guidance still refers to a no-deal Brexit scenario.
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Read the latest Agent Forum posts
Check out the latest items on the Agent Forum. Remember, in order to view each item you must have signed up for and be logged in.
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This week’s UK tax tidbits
The latest Agent update and HMRC performance statistics from October 2019 feature this week
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International
 

EU VAT Committee published new guidelines on VAT

The EU VAT Committee has published its latest guidelines concerning the application of EU VAT provisions. The guidelines issued by the VAT Committee are views of an advisory committee, they don't constitute an official interpretation of EU law and do not necessarily have the agreement of the European commission.
 
 
 

Honduras joins the Inclusive Framework on BEPS

Honduras is the 136th country to join the Inclusive Framework on Base Erosion and Profit Shifting.
 

Transfer Pricing in Brazil

On Wednesday, 18 December, the OECD will publish a report examining the outcome of the joint project on transfer pricing between OECD and Receita Federal do Brasil. The report contains the findings of the in-depth analysis of similarities and differences between the transfer pricing framework currently in place in Brazil as compared to the OECD transfer pricing guidelines.
 
Brexit Bulletin
   
Brexit Bulletin
With a Conservative win in the UK general elections, the Brexit deal is back on the table. Read this week’s bulletin for a refresher on the key commercial elements of the previously secured Brexit deal and the best resources to prepare for Brexit, regardless of the outcome.
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Tax Careers
Careers

Assistant Manager (Tax) - Large Firm - Dublin 2
Tax Associate – Dublin based Legal Firm – suit tax qualified ACA
 

 
 
 
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