On 28 September 2026, Chartered Accountants Ireland compiled a miscellaneous tax update covering a range of domestic and international developments. Highlights include the OECD’s release of the latest BEPS 2.0 implementation statistics, the European Commission’s proposed directive on faster dispute resolution for transfer pricing cases, and the UK’s consultation on modernizing the R&D tax credit regime. Domestic Irish updates feature the commencement of Finance Act 2026 provisions on charitable donation reliefs and the publication of new Revenue manuals for the Accelerated Capital Allowances scheme.
Key Takeaways
- BEPS 2.0 Progress Tracker: The OECD reports that 138 jurisdictions have now committed to the Two-Pillar solution, with Pillar Two GloBE rules effective in 25 jurisdictions including Ireland as of January 2026.
- EU Transfer Pricing Dispute Resolution: The proposed directive introduces mandatory binding arbitration within 24 months for unresolved transfer pricing disputes, significantly reducing double taxation risk for multinationals.
- UK R&D Credit Overhaul: The UK consultation proposes merging the SME and RDEC schemes into a single above-the-line credit, with enhanced relief for R&D-intensive SMEs and stricter subcontractor rules.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement