12 April 2019
Institute Annual Conference 2019 underway
Institute President, Marie Bradley, welcomed nearly 400 delegates to the Institute’s Annual Conference which opened this morning in Galway. The conference theme is Tax for an Uncertain Future.
In her opening address to the conference, Ms Bradley acknowledged the importance of technology for the future of the tax profession, which is why it features throughout the conference agenda.
We have a lunchtime Tech Workshop today on Working Smarter in an Always Connected World with Unplug and a dedicated session on Data Analytics and Technology for CTAs tomorrow morning.
This afternoon, guest speaker, Priya Lakhani, Entrepreneur and OBE will address the conference on using artificial intelligence (AI) and big data technology to enhance learning and skills development.
his morning's attendees have heard reflections on advising family businesses from John Cuddigan, RDJ and an update on topical issues for private clients, from Jane Florides, KTA, and we look forward to the rest of the programme.
Updates to Revenue Manuals
A number of Revenue Manuals were updated this week:
- Revenue’s Manual
Relief for Agreed Pay Restructuring has been removed as
section 202 TCA 1997 ceased to apply from 1 January 2004
- Revenue’s Manual
Relief for New Shares Purchased by Employees is no longer
relevant as an income tax deduction under section 479 TCA 1997 is
not allowed for shares subscribed for on or after 8 December
- Revenue’s Share Schemes Manual now incorporates content from a previous Manual on Restricted Shares.
Luxembourg deposits its instrument of ratification for the
On 9 April, the OECD announced that Luxembourg deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“the MLI”).
View the current list of signatories
OECD publishes report Taxing Wages 2019
The OECD has published its report Taxing Wages 2019. The report provides cross-country comparative data on income tax paid by employees, cash benefits received by in-work families and the associated social security and payroll tax contributions made by employees and employers across the OECD.
The report illustrates how these taxes are calculated and examines the impact on household incomes. It enables cross-country comparisons of labour costs and the overall tax and benefit position for eight different household types, varying by income level and household composition (single persons, single parents, one or two-earner households, with or without children).
OECD consultation on report on tax morale
As part of the ongoing work on tax morale, the OECD is seeking public comments on its forthcoming publication What's driving tax morale? An empirical analysis on social preferences and attitudes towards taxation. A first draft was presented and discussed at a conference on the Role of Tax Morale in Developing Countries organised by the OECD's Task Force on Tax and Development on 25 January 2019. The conference provided further input, which has been included in the version for public consultation.
The report, which is expected to be published later in 2019,
updates previous OECD research on tax morale among individuals. In
new business section uses OECD tax certainty data to consider tax
businesses operating in developing countries. The publication
number of socio-economic and institutional factors that influence
tax morale in
individuals, such as age, gender, education, and level of trust in
Interested parties are invited to send their comments on the consultation document by
10 May 2019, to TaxandDevelopment@oecd.org.