Subscribe       Web Version       Manage my Newsletter
ISSUE DATE:   1 May 2024
 
 
 
chartered accountants ireland
 
 
 
TAX NEWS
 
 
 
 
Ireland
 
 
 
 
Updates from Revenue on Form 11, letters of residency and ROS changes
 
 

Revenue has provided us with details of updates to the ROS Form 11 income tax return, a new online letters of residency facility and changes to the ROS screens.   From today, the personal details panel on the ROS Form 11 is amended to request confirmation on residency/non-residency. Later this month the self-employed income panel of the form will be pre-populated online to include information from the Department of Agriculture, Food and the Marine. Some 38,000 paper Form 11 returns have been issued by post in the past week.  Click for more details of these and other changes. Read more>>>

 
 
 
 
 
PAYE Modernisation: request for employee lists to commence shortly
 
 

We understand from discussions with Revenue at a recent TALC Collection subcommittee meeting that Revenue will be requesting a list of employees from all employers in the coming weeks. The request will be presented by way of a banner on the ROS homepage screen for both employers and tax agents.  A template from Revenue will be provided for completion with details of the employees.  The request will be on a phased basis, so not all employers and/or tax agents will be presented with the banner on their ROS homepage at the same time. Read more>>>

 
 
 
 
 
PAYE Modernisation: PAYE registration cancellations
 
 

During April, Revenue wrote to employers who according to their records did not have any employees and who had not made PAYE/PRSI/USC payments as an employer for the last two years to advise them that their PAYE registration will be cancelled.  Revenue told us at a recent meeting of the TALC Collection subcommittee that they are currently reviewing approx. 5,000 cases who have responded requesting for their PAYE registration to remain active.   The remaining 25,000 employers will have their PAYE registrations cancelled. Read more>>>

 
 
 
 
 
Pension guidance from Revenue confirms treatment of Christmas bonus
 

Individuals who receive a Social Welfare Christmas bonus can take that bonus into account in determining the amount of their annual pension or annuity income. Read more>>>

 

 
 
 
 
June issue of tax.point now available
 

The June issue of tax.point, the monthly tax journal from Chartered Accountants Ireland is now available.  In this issue Sarah Meredith and Vanessa Egan write on changes to the Irish stamp duty regime.  Eddie Broomfield reviews the UK VAT risks for charities. Read more>>>

 

 

 
 
 
 
 
Revenue to scrutinise expense claims of medical locum companies
 
 

At a recent TALC Audit subcommittee meeting, Revenue stated that it will be conducting a project to verify the income and expenses of medical locums generally, but particularly medical locum companies contracted by intermediaries, such as an employment agency, to provide their services to an end user. Read More>>>

 
 
 
 
 
In the media
 
In the media
 

In an analysis piece in the Sunday Business Post, Dr Brian Keegan, Director of Public Policy and Taxation identifies five Brexit myths being generated in the current political noise.  In the Sunday Independent, Norah Collender, Tax Technical Manager, comments on the tax implications of renting a room and part time employments.

 
 
 

ADVERTISEMENT

 
we're backing brave | find out more
 
 
UK
 
 
 
 
Changes to the VAT registration threshold should not bring businesses into Making Tax Digital earlier
 
 

That’s according to the NI Tax Committee in its response to this call for evidence. The Committee also expressed concern should there be a “cliff edge” fall in the threshold. Read more>>>

 
 
 
 
 
What agents can do and when
 

HMRC have published an Agent Services roadmap which sets out what agents can do and when, as HMRC develop additional agent services. Read more>>>

 

 
 
 
 
This week’s UK tax tidbits, 18 June 2018
 

Updated VAT option to tax forms and guidance on Missing Trader Fraud for VAT feature this week. Read more>>>

 

 

 
 
 
 
International
 
 
 
 
Ireland has lowest ratio of tax revenue to GDP in EU
 

Tax revenues rose in 19 Member States in 2016 as a percentage of GDP in 2016, according to a study published recently by the European Commission. The level of taxation in the EU differs greatly across Member State, with Denmark, France and Belgium having the highest ratio of tax revenue to GDP (46.4 %, 45.6 % and 44.4 % respectively), while Ireland (23.3 %), Romania (25.9 %) and Bulgaria (29.0 % of GDP) the lowest. Read more>>>

 

 
 
 
 
Membership of Convention on Mutual Administrative Assistance in Tax Matters continues to grow
 

Liberia is the latest state to sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters while the People’s Republic of China extended the territorial scope of the Convention to the Hong Kong and Macau Special Administrative Regions with effect from 1 September 2018. Read more>>>

 
 
 
 
Careers
 
 
 
 
Work with us - Tax Manager position
 
 

Chartered Accountants Ireland is recruiting for a Tax Manager for its Public Policy & Taxation team on a fixed purpose contract (Maternity leave).  Read more about this role.

 
 
 
 
 
Other tax roles
 
 

• Start a career in tax with a leading Irish Plc – North Dublin base
• Tax Manager opportunity for this leading Dublin based firm of Tax Advisors
• Tax Director – Competitive Salary and benefits with an expanding Dublin based Forensic practice
• Recently qualified sought for an interesting career in Tax in a leading Cork practice

 
 
 
 
Upcoming CPD
 
 
 
 
Other CPD
 
 

21 June - Dashboard reporting with Excel, Dublin - 7 hrs CPD
22 June - Power BI Desktop for Data Analysis, Dublin - 7 hrs CPD

 
 
 
 
More News From Our Specialist Areas
 
 

Technical News

 

District Societies

 
 

Professional Standards

 
 

Accountancy Ireland

 
 

Tax News

CPD

Diplomas

Careers

 
 
 
Like
 
Tweet
 
Share
 
Forward
 
Flickr
www.charteredaccountants.ie
 
Tel: +353 1 637 7200
Tel: +44 28 9043 5840
 

Brian.Keegan@charteredaccountants.ie
Crona.Brady@charteredaccountants.ie
Norah.Collender@charteredaccountants.ie
Leontia.Doran@charteredaccountants.ie
Kimberley.Rowan@charteredaccountants.ie

 
webversion | unsubscribe | manage my subscriptions
 
 
 
Powered by CreateSend.ie