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

Pensions: Draft Secondary Legislation

HMRC have published for comment draft regulations relating to the restriction of pensions tax relief and the age 75 changes.

In addition to the draft legislation included within clauses 65 to 67 and schedules 16 to 18 of the current Finance Bill, there will also be a number of sets of regulations required to enact the reduced annual and lifetime allowances, and the changes to remove the effective requirement to annuities by age 75.

HMRC have published a number of draft regulations for comment;

  • Annual allowance regulations
  • Lifetime allowance regulations
  • Age 75 regulations

Views are being sought on the draft regulations by 24 June.