TaxSource Total

Here you can access relevant source documents which support the summaries of key tax developments in Ireland, the UK and internationally

Source documents include:

  • Chartered Accountants Ireland’s representations and submissions
  • published documents by the Irish Revenue, UK HMRC, EU Commission and OECD
  • other government documents

The source documents are displayed per year, per month, by jurisdiction and by title

Revenue eBrief No. 65/16: Revenue Arrangements for Implementing EU and OECD Exchange of Information Requirements In Respect of Tax Rulings

In 2015, two initiatives were adopted at international level to improve transparency in the area of tax rulings, as follows:

  1. Council Directive (EU) 2015/2376 of 8 December 2015 which amends Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation; and
  2. the Organisation for Economic Co-operation and Development’s (OECD) framework for the compulsory spontaneous exchange of information in respect of rulings that was adopted as part of Action 5 of the OECD/G20 Base Erosion and Profit Shifting (BEPS) project.

These initiatives will apply to certain opinions issued by Revenue to companies and other entities in respect of taxes other than VAT, Customs Duties and Excise Duties. An overview of these new exchange of information requirements and details on how they will be implemented by Revenue are set out in a new Tax and Duty Manual. The arrangements for implementing these initiatives apply from 1 April 2016.

Source: Revenue Commissioners. www.revenue.ie. Copyright Acknowledged.