Five things you need to know about tax this week!

In Ireland, read about some improvements to the new phased payment arrangement system introduced by Revenue  while in the UK, HMRC have published the first version of the 2018/19 self-assessment online filing exclusions.  In international matters, the OECD says there is room for improvement in Ireland’s labour market.

Ireland

1. The Institute has worked with Revenue in addressing members’ concerns about the new phased payment arrangement system introduced by Revenue recently and we can confirm that efficiencies in the process have been agreed.  Read more

2. Revenue’s Tax and Duty manual has been updated to include guidance on the apportionment of car expenses where a car is used for both business and private purposes 

UK

1. HMRC have published version 1 of the 2018/19 self-assessment online filing exclusions.

2. The Office of Tax Simplification’s latest review “Simplifying everyday tax for smaller businesses” calls on the government to take action

International

The OECD says that there is room for improvement in Ireland’s labour market performance.  Read more