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

Payment and receipt of interest without deduction of Income Tax

Revenue have updated their Tax and Duty manual to clarify that, where withholding tax is deducted in error from an interest payment, a full or partial refund of the withholding tax deducted may be due under a Double Taxation Agreement. A claim for any refund of the withholding tax deducted should be made on a Form IC6.

The manual also includes clarification, previously given in e-Brief 43 of 2012, regarding the application of Section 246(3)(h)(I) to interest payments made to territories providing for a remittance basis of taxation.

The updated Tax and Duty Manual Part 08-03-06 is published on the Revenue website.