Revenue eBrief No. 208/18

10 December 2018

Corporation Tax - General Background

Tax and Duty Manual Part 02-02-01, which provides a general overview of key aspects of Corporation Tax, has been updated.

 The main changes made were to remove references to: 

  • the tax on windfall gains (s644AB TCA 1997)
  • the treatment of certain dividends received by portfolio investors prior to 2010

as these topics are no longer relevant.

The reference to capital allowances has been amended to note that milk quotas were abolished in April 2016.

Some minor changes have also been made to the text to improve the Manual's readability.

Proposed changes or amendments contained in the Finance Bill 2018 are not included as they have not yet been signed into law.