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

Tax Law Rewrite

HMRC have published a response document to comments received on the draft clauses exposed with the Tax Law Rewrite Papers.

The comments received were to Papers CC/SC(07) 02, 03, 04, 05, 06 and 07 and relate to the following topics:

  • Accounting periods
  • Company residence
  • Non-UK resident companies: chargeable profits
  • Other relief for employee share acquisitions
  • Additional relief for expenditure on research and development
  • Companies with investment business

A copy of the response document is available at
http://www.hmrc.gov.uk/rewrite/exposure/response-bill5.pdf.

Further consultation documents were published by HMRC in the past month on “Review of links with Large Business” and “Voluntary disclosure of errors on indirect tax returns”.