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

Financial Services Sector

As indicated by the Minister in his Budget speech, the Bill contains a number of measures to support the International Financial Services industry. The key measures include:

  • A number of amendments to support the UCITS IV Directive provisions (sections 32, 33 & 34)
  • Section 41 contains measures to facilitate cash pooling and group treasury options (section 41)
  • A new unilateral relief for foreign tax suffered on equipment leasing rental income (section 51)
  • Section 36 seeks to improve the functioning of the Islamic Finance provisions as introduced in Finance Act 2010
  • Section 88 contains a number of stamp duty amendments which extend the range and scope of stamp duty exemptions applying to certain financial transactions and confirm the stamp duty treatment of options over shares.