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.

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

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.

EU Exchange of Information Directive

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”.

Ireland’s Corporation Tax Roadmap

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.