PracticeAccounting FirmsQuestions raised over new Irish tax disclosure regime

Questions raised over new Irish tax disclosure regime

Irish advisers worried that tax scheme disclosures will place extra burden on the profession

A TAX AVOIDANCE disclosure regime is set to be introduced in Ireland – a move greeted with concern buy the tax profession

The mandatory regime will come into force next year and require companies to disclose tax schemes they have implemented, reported the Irish Independent.

Minutes of a meeting held between advisers and the taxman showed that the scope of the regime and its impact on practitioners’ provision of routine tax advice – plus legal privilege issues – were issues raised.

The UK has operated a tax scheme disclosure regime since 2004.

Related Articles

Crunchers becomes the first accounting service awarded Fair Tax Mark

Accounting Firms Crunchers becomes the first accounting service awarded Fair Tax Mark

1y Richard Crump, Writer
HMRC defeats £30m EY tax avoidance scheme

Accounting Firms HMRC defeats £30m EY tax avoidance scheme

1y Richard Crump, Writer
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter
HMRC high-value tax cases drop 15%

Accounting Firms HMRC high-value tax cases drop 15%

2y Fraser Simpson, Reporter
KPMG receives complaints over Isle of Man controversy

Accounting Firms KPMG receives complaints over Isle of Man controversy

2y Fraser Simpson, Reporter
HMRC production order demands cause headaches for practices

Accounting Firms HMRC production order demands cause headaches for practices

2y Fraser Simpson, Reporter
Former PwC employees to stand trial over Luxleaks scandal

Accounting Firms Former PwC employees to stand trial over Luxleaks scandal

2y Fraser Simpson, Reporter
Osborne publishes tax return with help of HW Fisher

Accounting Firms Osborne publishes tax return with help of HW Fisher

2y Fraser Simpson, Reporter