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

Offshore Funds

Revenue have issued an eBrief advising on the completion of the 2007 Form 1 and CT1 in relation to offshore funds. The changes arise from the amendments to the offshore funds legislation in last year's Finance Act.

Line 316 of Form 11 must be completed in respect of those offshore funds to which TCA97 s747B applies. These funds are “regulated” funds in the EU, EEA or an OECD country with which Ireland has a tax treaty. All other offshore funds must be included in line 317.

eBrief No. 4/2008 is reproduced in Section 2.04.