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

VAT – EU to Update Regulations on the Exchange of Information between Tax Authorities

The VAT Regulation on administrative cooperation (Regulation 1798/2003) is being substantially amended to enhance exchange of information and cooperation between tax authorities to counter fraud.

Among the main changes are:

  • Eurofisc – the establishment of a new operational structure to facilitate the exchange of information between Member States and coordinate risk.
  • Joint responsibility among Member States for the protection of tax receipts.
  • The granting of direct access to Member States to taxpayer databases maintained by other Member States, within defined parameters.