taxworld.ie - what's been updated in March 2023?

Written by Alan Moore | 11 April 2023

This is a short monthly note to let you know what's been updated on www.taxworld.ie in March 2023:

Questions answered

77 new questions and answers in the members area

Revenue ebriefs

084/23 : Guidelines Exchange of Information between the CEA and the Revenue
083/23 : Dependent Relative Tax Credit
082/23 : Gains and losses on Foreign Currencies for corporation tax purposes
081/23 : Offshore Funds: Taxation of Income and Gains
079/23 : Filing Guidelines for Foreign Account Tax Compliance Act (FATCA)
078/23 : Stamp Duty Manual - Section 80: Reconstructions or Amalgamations of Companies
077/23 : Share Schemes - Chapter 2 - Restricted Stock Units (RSUs)
076/23 : Stamp Duty Manual Part 9 - Section 126AA Bank Levy - updated
075/23 : 38-03-33 - Reportable Benefits
074/23 : Staff awards
073/23 : Capital Acquisitions Tax Manual - Part 24 Dwelling House Exemption
072/23 : Controlled Foreign Company Rules
071/23 : The Provision of Preferential Loans has been updated
070/23 : Geographical Indication for Irish Whiskey and Irish Poteen Manual
069/23 : Examinership Caseworking Guidelines
068/23 : Annual average exchange rates and Lloyds sterling conversion rates
067/23 : Stamp Duty Tax and Duty Manual - Section 125A Health Insurance Levy - updated
066/23 : Stamp Duty Manual Part 10 Enforcement - Sections 127 - 13A
065/23 : Representative Church Body - Cost of living Accommodation Allowance
064/23 : High earner restriction - Part 15-02-02a
063/23 : Pensions Manual amended
062/23 : Capital Acquisitions Tax Manuals Parts 10 and 11 – updated
061/23 : Stamp Duty Tax and Duty Manual Part 9 - Levies
060/23 : TDM 04-08-11 Pre-letting Expenses
059/23 : Exemption in respect of Certain Payments made under Employment Law
058/23 : Stamp Duty Manual - section 83E updated
057/23 : Termination payments and Pensions Manual - Appendix V
056/23 : Credit through PAYE system for non-refundable foreign tax
055/23 : Capital Acquisitions Tax Manual - Part 12 Business Relief
054/23 : Exempt Unit Trust (EUT) February 2023 Filing
053/23 : Guidelines for using the Court process to pursue tax liabilities
052/23 : Stamp Duty Manual: Section 81AA - Transfers of land to trained farmers
051/23 : Tax and Duty Manual 42-04-15 PAYE Refunds Failure by Employer to furnish returns
050/23 : Revenue eBrief: ROS – Return Preparation Facility (RPF) updated
049/23 : Manual on EU sanctions in response to the situation in Ukraine
048/23 : Payment of Preliminary Corporation Tax
047/23 : Employee payroll tax deductions in relation to non-Irish employments
046/23 : Section 83F: Repayment of Stamp Duty Cost Rental Dwellings
045/23 : The Administration & Control of Tax Warehouses Manuals Parts 1, 2 & 3
044/23 : Updated guidelines for Temporary Business Energy Support Scheme (TBESS)
043/23 : C&E Tan reports available on ROS

Appeal decisions

55TACD2023 - Director loan - sale of IP to company - €600k deposit was not a loan
54TACD2023 - VAT - lodgments held to be third party loans - €61k assessment reduced to nil
53TACD2023 - Stamp Duty - four year limit - s 159A
52TACD2023 - €293k loan from company to director - preferential - benefit in kind - s 122
51TACD2023 - EII Relief - risk finance - no business plan - not a qualifying company
50TACD2023 - CAT - gift of funds in joint account -assessment upheld
49TACD2023 - Income Tax & PAYE - statement of liability partly not due
48TACD2023 - Anti-avoidance -s 817 - profit extraction - disposal of shares to company controlled by husband held subject to income tax not CGT - meaning of "bona fide commercial reasons"
47TACD2023 - Income Tax - four year limit - s 865
46TACD2023 - VAT registration correctly refused as applicant was not an accountable person and had no base in Ireland
45TACD2023 - CAT - house inherited from former partner - deduction allowed for improvements made (consideration)
44TACD2023 - VAT due on cancellation of election to register
43TACD2023 - Income Tax - four year limit - s 865
42TACD2023 - Income Tax - four year limit - s 865
41TACD2023 – Withdrawal of single person child carer credit (s 462B) upheld
40TACD2023 – VAT - waiver cancellation adjustment (€593k) reduced to zero
39TACD2023 – Farm basic payment entitlements (BPS) paid (but not formally transferred) to company held to be received by individual no longer farming
38TACD2023 – Transborder relief (s 825A) disallowed as conditions not met
37TACD2023 – Round sum travel and subsistence expenses - PRSI, PAYE underpaid
36TACD2023 – No offset of VAT overpaid for period beyond four year limit
35TACD2023 – CT - tax treatment of depreciation - expression of doubt held to be genuine
34TACD2023 – Partnership - PSWT - to be apportioned in profit sharing ratio

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