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

Europe confirms DAC 6 filing extension

Last month, the Council of the European Union amended the Directive on Administrative Cooperation (DAC) 6. The amendment allows for Member States to extend the DAC 6 filing deadlines by six months. The Irish Revenue has confirmed that Ireland will be extending its deadline (see the new developments – Ireland section of this issue).

Member States will now have three additional months to exchange information on the financial accounts of beneficiaries who are tax residents in another Member State and will have six additional months to exchange information on certain cross-border tax planning arrangements.

More information is available through the European Commission’s website.