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

Revenue & Customs Brief 03/12

The above Brief updates on the review of insolvency processes following the Paymex Limited VAT Tribunal decision.

Revenue & Customs Brief 35/11 published last September, dealt with the insolvency implications of the VAT Tribunal decision in the case of Paymex Limited, as HMRC understood them at that time.

HMRC has subsequently undertaken a review of all insolvency processes in light of the Paymex ruling, with the aim of providing certainty to the insolvency profession as to where the exemption applies.

Brief 03/12 is available on here.