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TaxFax - 12 June 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-06-12
Brexit: UK formally confirms it will not consider an extension of the transition period … ...second meeting of the EU-UK Joint Committee under the Withdrawal Agreement took place today. In a press statement, European Commission Vice-President for Interinstitutional Relations, Maroš Šefčovič, noted that the Rt Hon Michael Gove MP has confirmed that the UK will not consider an extension of the Brexit transition period. The EU remains open to such an extension. However, the EU and UK both agreed on accelerating the implementation of the Withdrawal Agreement and to accelerate their work. They agreed that the Joint Committee should meet again in early September.  
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TaxFax - 22 May 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-05-22
Tánaiste and Minister for Foreign Affairs, Simon Coveney, T.D., has welcomed the publication of the British government's plan to implement the Northern Ireland Protocol agreed in the Brexit Withdrawal Agreement. However, he said there would be uncertainty in Europe on the claims by the British government that there will be no new physical infrastructure around customs. Discussions on how the British government can show that this plan can work in practice are due to take place...
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TaxFax - 24 January 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-01-24
EU Council and Commission Presidents sign Brexit Withdrawal Agreement … Today, the President of the EU Council, Charles Michel and the President of the European Commission, Ursula von der Leyen both formally signed the Brexit Withdrawal Agreement, ahead of the UK’s departure from the EU next week. This follows the legislation implementing the agreement receiving royal assent yesterday. The agreement will now be presented to the European Parliament on 29 January for ratification, ensuring the orderly exit of the UK from the...
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TaxFax - 22 October 2020 - Finance Bill 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-10-22
Post-Brexit migration of Irish shares and securities to EU CSD … Section 60 of the Bill deals with the migration of shares and securities in Irish registered companies from a central securities depository (CSD) in the United Kingdom to a CSD in Belgium (or transition from Crest to Euroclear) and the future settlement of trades in those shares and securities in the Belgian CSD arising from the withdrawal of the United Kingdom from the European Union. The amendm
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TaxFax - 17 April 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-04-17
Following Brexit, seeking to achieve a zero-tariff, zero quotas, free trade agreement between the EU and the UK.
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TaxFax - 3 July 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-07-03
Michel Barnier, the European Commission's Chief Negotiator on Brexit issued a Statement on Thursday following the restricted round of negotiations for a new partnership between the EU and the UK. In the Statement, Mr. Barnier noted that the aim was to get negotiations successfully and quickly on a trajectory to reach an agreement, however, serious divergences...
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TaxFax - 10 July 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-07-10
for end of Brexit transition period … The European Commission has adopted a Communication to help national authorities, businesses and citizens prepare for the inevitable changes that will arise at the end of the transition period. Changes will occur to cross-border exchanges between the EU and the UK from 1 January 2021, irrespective of whether an agreement on a future partnership has been concluded or not.... ...The Communication,
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TaxFax - 10 January 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-01-10
The Department of Finance has updated its growth forecast for 2020 to take account of the extension to the Brexit timeline. GDP is projected to grow by 3.9% this year and to average around 3% over the period 2020-2025 (assuming a Free Trade Agreement is negotiated between the EU and UK or an extension to the transition period). The updated forecast assumes reduced corporation tax...
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TaxFax - 7 February 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-02-07
Part 15 of the Brexit Withdrawal Act is commenced … Part 15 of the Withdrawal of the United Kingdom from the European Union (Consequential Provisions) Act 2019 came into operation with effect from 31 January 2020 at 11pm.  This means that where the term ‘Member State’ is used in any enactment it should be interpreted as including the UK for the duration of the transition period created by the Withdrawal Agreement under Article 50 of the Treaty on
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