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 opinions and confirmations

As noted in eBrief No. 79/2016, Revenue recently reduced the period of validity for Revenue opinions and confirmations in cases dealt with by the Large Cases Division from seven years to a maximum of five years. Revenue has issued further guidance on the procedure to be followed where a taxpayer wishes to rely on an opinion issued by Revenue before 1 January 2012 for any transaction after 1 January 2017.

By 30 June 2017, a tax payer must do two things:

  1. Supply Revenue with a written copy of the opinion and confirmation issued by Revenue; and
  2. Lodge a full application for the renewal or extension of the opinion or confirmation with the taxpayer’s Revenue tax district.

Revenue has updated its guidance and Revenue eBrief No. 08/17 (on here) contains further details.