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 Consultations

Disguised Interest

Following consultation, HMRC have published revised draft legislation on the disguised interest measure. The draft legislation is a principles based approach to tackling the disguised interest area of tax avoidance.

Tax Law Rewrite

Draft clauses and Explanatory Notes on Community amateur sports clubs have been published for public consultation. Comments on the latest set of draft clauses are invited by 9 May 2008.In addition, the Tax Law Rewrite project has published the first Corporation Tax Bill (Bill 5) for a final round of public consultation. The consultation period ends on 23 May 2008.

Lifetime transfers and trusts

HMRC have published draft regulations for excepted transfers and excepted settlements. Comments had to be made on or before 22 February.