• Irish Bulletin – Foreign Income and Assets Disclosure Regime: the Key Facts

    A new Revenue campaign was announced in the 2017 Budget which targets offshore income and assets which have been undeclared or under declared to Revenue. Taxpayers are being given a final opportunity to come forward before 30 April and make disclosures voluntarily, before new exchange of information rules vastly increase the data available to Revenue about taxpayers’ offshore interests.

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  • With Philip Hammond’s first and now last Autumn Statement delivered, the general consensus is that there were no headline grabbing tax changes which were not previously expected. What is clear is that April 2017 will bring a whole host of changes impacting both corporates and individuals (particularly the former) and it remains to be seen whether the changes will provide an element of stability to the UK economy amid the uncertainty surrounding Brexit.

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  • The budget statement for 2017 delivered by Ireland’s Minister for Finance, Mr Michael Noonan, focused to maintain and strengthen Ireland’s financial services at a time of significant political and economic change, both nationally and internationally.

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  • The Chancellor, George Osborne’s second Budget of this parliament was billed as a Budget for the next generation and it was not expected to be radical but the announcements made yesterday were wide ranging and there have been some fairly major changes to digest on the tax front.

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