Help Clear search
The phrase "BREXIT" was automatically detected. Click here to run the search without automatically detecting phrases.
Sort by
Show

TaxFax - 20 September 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-09-20
TaxFax - 20 September 2019 … TaxFax … The Minister is prudent to write his budget on the assumption of a no-deal Brexit and to focus available resources on those sectors of our economy that would be worst hit if that risk materialises. We do, however, have concerns about the robustness of the tax system at this time of growing uncertainty. If we are to weather the storms ahead, we... … Minister Donohoe addresses Budgetary Oversight Committee on Budget 2020 and Brexit preparations
...

TaxFax - 1 November 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-11-01
TaxFax - 1 November 2019 … TaxFax … Planning for Brexit …  https://www.revenue.ie/en/customs-traders-and-agents/brexit/brexit-news/index.aspx
...

TaxFax - 8 February 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-02-08
TaxFax - 8 February 2019 … TaxFax … Government agrees VAT measure to mitigate cash-flow burden post-Brexit … This week, the Government agreed a VAT measure to mitigate the cash-flow burden on businesses post-Brexit. Minister for Finance and Public Expenditure and Reform Paschal Donohoe T.D. proposes to introduce a system of postponed accounting for import VAT.
...

TaxFax - 15 February 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-02-15
TaxFax - 15 February 2019 … TaxFax … Institute seeks enhancements to the VAT deferral scheme for imports post-Brexit … ...T.D. seeking enhancement to the VAT deferral scheme announced by the Government last week. The letter sought a three-month deferral for payment of VAT due on imports should the UK become a “third country” after 29 March, to assist businesses with the cash-flow challenges post-Brexit. The organisations requested that the Government includes this measure in the Brexit Omnibus Bill currently under consideration. Minister for Finance, Public Expenditure and Reform Paschal Donohoe T.D has proposed deferring the import VAT until the due date for the bi-monthly VAT returns.
...

TaxFax - 15 March 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-03-15
TaxFax - 15 March 2019 … TaxFax … Brexit – Revenue updates … Revenue’s Brexit webpage has been updated with European Commission guidance notes on a ‘no deal’ scenario.
...

TaxFax - 13 December 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-12-13
TaxFax - 13 December 2019 … TaxFax … In the context of Brexit, implement customs controls in a manner that supports legitimate trade and enhances competitiveness while managing compliance risks. … ...TALC Collections. It is anticipated that the eCG50 will be available in the first half of 2020. Development of an online CG50 has been a popular ROS request by members, given the time-sensitive nature of the process. Therefore, we are including the presentation slides in today’s TaxFax. Please note that the presentation includes draft ROS screens to provide a sense of what the system will look like
...

TaxFax - 18 April 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-04-18
TaxFax - 18 April 2019 … TaxFax … As a small open economy, Ireland is particularly vulnerable to a global economic slowdown and turbulent international trading conditions, most notably, Brexit …  https://merrionstreet.ie/en/News-Room/Releases/IN_THE_SHADOW_OF_BREXIT_IRELAND_REMAINS_COST_COMPETITIVE_BUT_CONCERN_IN_CERTAIN_AREAS.html
...

TaxFax - 13 September 2019

Bulletins, Reports and Submissions
2019-09-13
TaxFax - 13 September 2019 … TaxFax  … In our Pre-Budget Submission, we have called for an innovation incentive that is tailored for the SME sector so that they can compete for new markets in a post-Brexit world. We have used taxation to build a high performing multinational sector. Now is the time to apply that approach to our indigenous sector. Through the tax system, we can empower our entrepreneurs to fulfil their potential as a major force for growth and job creation in a... … On Wednesday, the Minister for Finance & Public Expenditure and Reform, Paschal Donohoe TD, announced that Budget 2020 would be based on the assumption of a no-deal Brexit. Commenting on the decision, the Minister stated that “
...

TaxFax - 19 July 2019

Bulletins, Reports and Submissions Irish Tax Institute
2019-07-19
TaxFax - 19 July 2019 … TaxFax … Revenue intensifying engagement with businesses on preparations for Brexit …  On Tuesday, Revenue issued a press release on plans to intensify their Brexit engagement programme with businesses who trade with the UK. As part of this process, letters will issue to traders on a phased basis, over the next eight weeks. The letters will outline the most critical Brexit preparation steps they need to take, in addition to having a customs registration (i.e. an Economic Operators Registration and Identification (EORI) number.) Revenue’s focus is on helping and supporting those businesses that will be impacted immediately by Brexit, from the moment it happens. Revenue has told us that they have reviewed the 2018 trading details from VAT Information Exchange System (VIES) returns and elements of the letters issuing are specific to the particular taxpayer or business. The letters cover specific elements of the Brexit preparedness steps suggested by Revenue, including;
...

TaxFax - 08 October 2019 - Budget 2020

Bulletins, Reports and Submissions Irish Tax Institute
2019-10-08
TaxFax - 08 October 2019 - Budget 2020 … Budget TaxFax … 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.
...