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Sandra Clarke, Partner in BCC Accountants is the new President of the Irish Tax Institute.

It is with great pride and pleasure we get to announce that Sandra Clarke, Partner in BCC Accountants is the new President of the Irish Tax Institute.

Sandra was inaugurated as President of the Irish Tax Institute for 2020-2021 at the Institute’s AGM last Thursday. Shortly before she took up her role, Sandra spoke about her priorities for the year ahead and the current challenges for the tax profession and business arising from COVID-19, in an interview with Sunday Independent Business Editor, Samantha McCaughren.

The President highlighted the pressures on business and the tax profession at present and the disruption to the preparation of tax returns for the main compliance deadlines, given the time being dedicated to assisting clients to qualify for the Government supports in the July Jobs Stimulus; staff and clients working remotely and the difficulties experienced in collecting paper-based records needed to prepare tax returns. She explained the need to alleviate the normal surcharges for late filings to give practitioners the breathing space they need to help their clients to be tax compliant.

At the Irish Tax Institute Branch Network Online Event with Revenue last week, Sandra noted the collaborative approach between the tax profession and Revenue to support businesses since the onset of COVID-19 and the impact of the increased workload on professional practices in preparing corporation tax and income tax returns. In light of the exceptional circumstances, the President requested a continuation of the alleviation of the surcharge for September corporation tax filings and a similar alleviation for 2019 income tax returns. This followed on from Institute engagement over the summer with Revenue and the parties in Government about the filing deadlines. The Institute raised this issue again with Revenue at Main TALC and with the Department of Finance last week.

Looking ahead to tax policy measures to support SME survival and recovery, the President identified as priorities; reducing the high rate of CGT and revision to some of the conditions for the Employment and Investment Incentive (EII), Key Employee Engagement Programme (KEEP) and Entrepreneur Relief to ensure that they are effective and competitive with the UK. She also sought for the continuation of the 3% reduced interest rate on delayed tax payments in the longer term, as a more reasonable and fairer rate than the current 8%/10% rates of interest.

A podcast of the President’s recent interview is available here.

Well done Sandra on an amazing achievement after many years of representing our clients and the needs of practitioners on behalf of the Irish Tax Institute

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