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

Ireland among tax administrations to agree actions on tax certainty, co-operation and digital transformation

The Forum on Tax Administration (FTA) met in Chile on 26–28 March and agreed an agenda focused on tax certainty, enhanced tax co-operation and the collective challenges of digital transformation. Ireland and the UK are among the 53 global tax administrations to partake in the FTA.

FTA members agreed:

  • To ramp up work on tax certainty. Seventeen FTA members (including Ireland and the UK) are participating in the second phase of the pilot on the International Compliance Assurance Programme (ICAP).
  • To support policy makers in the development of new standardised reporting requirements to facilitate international exchange of information on those selling goods and services through the sharing and gig economy.
  • To pursue collective work on the effective use of the vast amount of information on offshore accounts currently being exchanged under the OECD/G20 Common Reporting Standard.
  • To set out in practical terms a digital vision for a new framework “Tax Administration 2030” and to help reduce compliance burdens for small and medium sized enterprises through the use of new technologies.

The Forum on Tax Administration (FTA) is a global forum on tax administration for Commissioners. It has 53 members, including all G20 and OECD member countries as well as selected advanced and emerging non-OECD economies.