Annual Dinner Speech by Irish Tax Institute President David Fennell
Irish Tax Institute Annual Dinner The Clayton Hotel Friday 23 February 2018 The breadth of international tax proposals and legislation has never been as far reaching. The pace with which they are being introduced has never been as rapid. On the international tax policy side, 2018 will be a very significant year. There will emerge new proposals to tax the digital economy or digital transactions, further implementation of BEPS, the unfolding of […]
Institute responds to the “Consultation on Coffey Review”
Yesterday, the Institute made a detailed submission to the Department of Finance on the recommendations contained in Mr Seamus Coffey’s Review of the Irish Corporation Tax Code. Since Mr Coffey’s Review was published last September, we have been considering his report and working with our Policy Committee, and members in both practice and industry to formulate our response to the consultation. Given the importance of all the anticipated changes to […]
Fantasy Budget 2018 Winners
Our Fantasy Budget Competition is an opportunity to show your tax knowledge by analysing certain Budget 2019 measures and coming up with one measure that you would have introduced if you were the Minister for Finance. Your submissions are judged by some of Ireland’s leading business commentators and economists. We had a lot of really great submissions last year, but the final three winners for 2018 were from UL, NUIM […]
Engagement on the tax treatment of professional subscriptions
The Institute has closely examined Revenue’s new Manual on the tax treatment of professional subscriptions. It appears to narrow the range of circumstances in which an employee’s professional membership subscription can be paid by their employer without deduction of PAYE, when compared to Revenue’s previous guidance (eBrief No. 19/2011). We have raised our concerns about what the Institute perceives to be a change in Revenue’s interpretation of the legislation at TALC and […]
Response to the Commission’s consultation on the fair taxation of the digital economy
Today, the Institute made a detailed submission to the European Commission on the fair taxation of the digital economy. The Commission required respondents to complete a questionnaire together with a position paper on the challenges of taxing the digital economy. The Institute submission emphasised the need for international consensus to adopt a long-term solution which works for both the digital and wider economy. The Institute highlighted that it is too […]
Institute update on 2018 developments on PAYE modernisation
The new real-time PAYE regime will come into operation in 2019. In the video below, Cait Monagher, Tax Manager – Member Relations, and Mary Healy, Tax Manager – Representations, in the Institute discuss some of the key developments regarding PAYE Modernisation in 2018 in preparation for the new regime, including: The Finance Bill 2017 measures A change in the treatment of Illness Benefit Revenue’s correspondence with some employers about their […]