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

Amendments to Publication of Tax Defaulters (Section 55)

  • Tax defaulters who have not paid a settlement amount due to Revenue will now have this fact noted in the published defaulters list.
  • Where a taxpayer enters into a settlement with Revenue in relation to outstanding taxes, interest and penalties, part of the settlement may relate to a qualifying disclosure. As this disclosure may allow the taxpayer to benefit from reduced penalties, only the amount of the settlement that does not relate to a qualifying disclosure will be published in the tax defaulters list. This applies to settlements made from 1 January 2017.
  • Lastly, the Minister can, at his discretion, increase the monetary limit for the publication of tax defaulters and is no longer required to do so every five years.
  • Some additional technical amendments were introduced at Committee Stage.