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

Regulations – Mutual Assistance

Revenue have amended two regulations on mutual assistance in the field of direct taxation, certain excise duties and taxation of insurance premiums; and for the recovery of claims. These amendments are required to facilitate the admission of Bulgaria and Romania to the European Union.

S.I. No. 249 of 2007, available at http://www.revenue.ie/publications/legisltn/si249_07.pdf,

  • transposes Commission Directive 2006/84/EC by amending the European Communities (Mutual Assistance for the Recovery of Claims relating to Certain Levies, Duties, Taxes and Other Measures) Regulations 2002 to facilitate the admission of Bulgaria and Romania to the European Union; and
  • amends the European Communities (Mutual Assistance for the Recovery of Claims relating to Certain Levies, Duties, Taxes and Other Measures) Regulations 2002, to ensure that the rate of interest charged on an amount subject to recovery under S.I. 462 of 2002 shall be computed in accordance with the formula set out in the regulations.

S.I. No. 250 of 2007, available at http://www.revenue.ie/publications/legisltn/si250_07.pdf, provides for the amendment of the European Communities (Mutual Assistance in the Field of Direct Taxation, Certain Excise Duties and Taxation of Insurance Premiums) Regulations 2005 (S.I. 367 of 2005), in connection with the admission of Bulgaria and Romania to the European Union.