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

Eurobonds

In Revenue and Customs Brief 21/08, HMRC clarify how Eurobonds qualify for the Eurobond exemption from the obligation to deduct tax from yearly interest.

In summary, in order to qualify for the Eurobond exemption, the Eurobond must at the date of payment of the interest be listed on a recognised stock exchange and be admitted to trading on that exchange.

Revenue and Customs Brief 21/08 is available at http://www.hmrc.gov.uk/briefs/company-tax/brief2108.htm.