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

Miscellaneous recent developments

Readers are advised of developments in a number of other areas.

  • VAT Notice 708/6 Energy-saving materials has been amended to reflect that from 1 August 2013 the reduced rate no longer applies to installation of energy saving materials in buildings used solely for a relevant charitable purpose.
  • Guidance for tax agents and advisers to help manage the 31 October paper filing 2013-14 Self-Assessment deadline has been published.
  • HMRC have published a range of helpsheets for 2014-15 covering various topics. Readers are advised to regularly check GOV.UK for new publications as HMRC progress migration of their website over the coming months to the GOV.UK website, as covered recently by Chartered Accountants Tax News.
  • Tables showing the Indexation Allowance for assets disposed of in May and June 2014 are now available together with historical data.
  • A final published version of the CT600 Guide has recently been published which reflects relevant corporation tax changes effective for the financial year 2014.
  • A new Stamp Taxes on Shares manual is now available.
  • HMRC has produced an update to the existing version of Basic PAYE Tools for the 2014-15 tax year
  • HMRC has amended its guidance for charities that operate a simplified process for claiming Gift Aid on donations from the sale of donated goods. The amendment explains how repayment claims will be affected when HMRC identifies donations given by non-taxpayers.
  • HMRC has updated its guidance for Payroll Giving Agencies. The guidance explains the time limits for paying donations to charities and the report that must be sent to HMRC when any donations cannot be paid to a charity.
  • Publication of The Capital Allowances (Environmentally Beneficial Plant and Machinery) (Amendment) Order 2014 and The Capital Allowances (Energy-saving Plant and Machinery) (Amendment) Order 2014. These lists were issued on 2 and 3 July 2014 and the two Statutory Instruments come into effect from 7 August 2014, they add additional technologies to the list of assets which qualify for energy saving capital allowances.
  • The seventeenth Employment-Related Securities Bulletin providing information and updates on developments relating to employment-related securities, including the tax-advantaged employee share schemes is now available.