Weekly tax news update
...
Contingency
Plans for a No -Deal Brexit … Given
the continued uncertainty surrounding the ratification of the
proposed
Withdrawal Agreement by the United Kingdom, both the Irish
Government and the
European Commission have published contingency action plans for a
no -deal
Brexit. The Government’s action plan sets out an analysis of a “ no
deal” Brexit
under a number of headings including, economic and fiscal impact,
security,
Northern Ireland, relations with Great Britain and sectoral
analyses. The
document also details areas where primary and secondary legislation
is likely
to be required. The European Commission’s action plan also includes
its
legislative proposals for a no -deal Brexit. These focus on 14 areas
where a
no-deal scenario would create particular disruption, including
customs,
financial services, air transport and climate policy.
...
Weekly tax news update
...
developed in the shadow of Brexit … ”. The Institute welcomes the support offered to Irish business in the Budget measures and agrees with the Minister’s decision to direct available resources to the sectors most vulnerable to the risk of a “no deal” Brexit. In particular, the Institute welcomes the changes announced to a number of existing business tax measures to make them more effective and accessible to small businesses.... ...
...
Weekly tax news update
...