December 2017 Tax Update

This series of articles will provide you with an update on tax developments that impact organisations in Ireland and those that do business with Ireland.

Update on PAYE Modernisation

Payroll
We would like to provide you with an update on developments in relation to the PAYE modernisation project which is currently underway by the Revenue Commissioners (“Revenue”).

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Impact of Proposed US Tax Reform on Ireland

US Ireland Flag
US Congress are continuing to progress towards passing the highly publicised and largely controversial US tax bill. This tax reform has not come as a shock globally, given that President Trump’s election campaign was largely aimed at improving US competitiveness via tax reform.

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EU VAT Reform Proposals and the Action Plan

EU VAT
On 4 October 2017, the EU Commission published its proposals for fundamental changes to the EU VAT system and a move further towards a definitive system based on the destination principle which seeks to replace the current intra-Community supply regime introduced in 1993.

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Recent Tax Appeals Commission Determinations

ET tax credits
The Tax Appeals Commission has recently published determinations on the entitlement of individuals to claim the employee tax credit in cases where they are the recipient of a payment resulting from being “wholly or mainly” maintained by a spouse who qualifies for a State pension.
In addition, the Commission has published a determination on the entitlement of a company director to claim a credit for PAYE withheld by the company on his emoluments in the case where the withholdings were not remitted to the Revenue Commissioners.

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