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

HMRC-New Regulations

A number of new Regulations and Orders have been placed on the HMRC website in the last month, including the following.

Regulations

  • The Finance Act 1994, Section 220 (Amendment) Regulations 2007.
  • The Value Added Tax (Amendment) (No.4) Regulations 2007.
  • The Biofuels and Other Fuel Substitutes (Payment of Excise Duties etc) (Amendment) Regulations 2007.

Orders

  • The Value Added Tax (Reduced Rate) Order 2007.

The Pension Schemes (Categories of Country and Requirements for Overseas Pension Schemes and Recognised Overseas Pension Schemes) (Amendment) Regulations 2007 (SI 1600/2007) will take effect from 1 July. They will be of particular interest where transfers are made from UK registered pension schemes to Australian pension schemes.

A draft Statutory Instrument: The International Mutual Administrative Assistance in Tax Matters Order 2007, and explanatory memorandum, has been placed on the HMRC website. The draft SI is available at http://www.hmrc.gov.uk/si/draft-si-oecd.pdf.

A draft Statutory Instrument: The Double Taxation Relief (Taxes on Income) (Macedonia) Order 2007, and explanatory memorandum, has been placed on the HMRC website. The draft SI is available at http://www.hmrc.gov.uk/si/draft-dt-macedonia.pdf.