taxworld update - September 2023

We are excited to announce that taxworld has been shortlisted for the AI Awards 2023.

The winners will be announced at the Gibson Hotel on 21 November. We'll keep you posted!

Here's what's been updated on www.taxworld.ie in September 2023:

Revenue ebriefs

• 202/23 : EOI presence, participation of foreign tax officials administrative enquiries  
• 201/23 : Return of Payments - Banks, Building Societies, Credit Unions and Savings Banks
• 200/23 : Special Assignee Relief Programme
• 199/23 : Pensions Manual Amended  
• 198/23 : Common Reporting Standard (CRS)  
• 197/23 : Enhanced Reporting Requirements  
• 196/23 : The Help to Buy – Summary Guide for Applicants has been updated  
• 195/23 : Submission of iXBRL Financial Statements  
• 194/23 : Updates to the VIES and INTRASTAT Trader's Manual  
• 193/23 : VAT Treatment of Food and Drink Supplied by Wholesalers and Retailers

Appeal decisions  

• 130TACD2023 - Covid Restrictions Support Scheme (CRSS) - appellant did not meet conditions  
• 129TACD2023 - RCT - Revenue correct to apply 20% rate  
• 128TACD2023 - Corporation Tax - foreign royalty withholding tax - deductible under s 81  
• 127TACD2023 - Corporation Tax - s 959AA - amended assessment not invalid - not out of time  
• 126TACD2023 - Income Tax - s 865 - four year rule - burden of proof  
• 125TACD2023 - Domicile levy - capital allowances - separate trade  - burden of proof 
• 124TACD2023 - VAT - importation and sale of second hand cars - not entitled to margin scheme  
• 123TACD2023 - VAT - importation of classic truck - not a collector's item  
• 122TACD2023 - Right to dividends (RTDs) should be an income rather than a capital receipt  
• 121TACD2023 - EWSS - burden of proof - Revenue assessments upheld  
• 120TACD2023 - Income Tax - transfer of assets treated as distribution  
• 119TACD2023 - Revenue right to offset overpayments for 2014-2016 against tax for 2009-2011  
• 118TACD2023 - SARP 1A certified 149 days after arrival - claim not within 90 day limit  
• 117TACD2023 - Income Tax - 4 year limit - section 865B  
• 116TACD2023 - Income Tax - partnership profits - assessment upheld  
• 115TACD2023 - VAT - economic activity - virtual address - not entitled to be registered  
• 114TACD2023 - VAT - burden of proof not satisfied - assessments upheld

Guide to filing tax return 2022 - free webinar - 1.5 hours CPD

We are hosting a webinar on completing the 2022 tax return with Alan Moore and Gary O'Mahony on 25 October 2023 from 09:30 to 11:00.

During the webinar, we will focus on:

• Tips: Learn practical advice on how to maximise your tax reliefs, allowances, and credits, ensuring you don't miss out on any potential savings.
• Traps: Discover common mistakes and misconceptions that can lead to errors in the tax return, and learn how to avoid them.
• Expert Insights: Gain a deeper understanding of the tax return process, including personal details, self-employed income, Irish rental income, PAYE, BIK, pensions, foreign income, Irish other income, exempt income, charges and deductions, and personal tax credits.

Register now and secure your spot for this informative and engaging event.

Guide to filing tax return 2022 - free download

All registered attendees will receive a pdf copy of the guide to completing tax return 2022 (104 pages).