September 2018 Tax Newsletter

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.

Ireland – Where the Grass Might be Greener for High-net-worth Individuals

Brexit Strategy
The number of Irish passport applications from British citizens has almost doubled since the UK voted for Brexit, is this a sign of what is to come?
With the current uncertainty surrounding Brexit, the purpose of this article is to outline why Ireland may contain tax advantages for HNWI’s who may be considering relocating.

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It’s a family thing: tax deductibility in remunerating family members – a business perspective

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For many small and medium-sized businesses, it is a common occurrence to engage family members and/or relatives as employees in the business. For example, it is common practice for a spouse to be paid a sum for their involvement in the day-to-day running of the business, with such activities taking on the form of various duties, such as administration, bookkeeping, banking, cleaning, etc.

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Special Assignee Relief Programme (SARP) - Application time limits - Compliance reviews

Revenue has issued a clarification on the requirement to file a Form SARP 1A within the 30-day time limit where a PPSN for an inbound assignee is outstanding.

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EU Exchange of Information Directive

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The EU has been busy, amending “Directive 2011/16/EU on administrative cooperation in the field of taxation about a mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements”.

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Ireland’s Corporation Tax Roadmap

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On 5 September 2018, 358 days after the publication of the Coffey Review, the Department of Finance published Ireland’s Corporation Tax Roadmap. This document implements the recommendations of the Coffey Review, details our interactions on the international tax scene and actions Ireland has taken on corporate tax to date, while further considering Ireland's future tax policy. This Roadmap is useful as it should give some insight into how measures will be announced in the upcoming Budget and subsequent Finance Bill.

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