Engagement on measures to alleviate the impact of a “no-deal”
Brexit … Engagement on measures required to alleviate the impact
of
'no-deal' Brexit …
The Institute sought a VAT deferral mechanism to alleviate the
cash-flow burden
for businesses post-Brexit in our Finance Bill related submissions
to the
Minister for Finance over the last two years.
The Brexit Omnibus Bill introduced postponed accounting for VAT
for all
importers registered for VAT in Ireland. The measure is intended to
alleviate
the cash-flow impact on businesses as a result of the UK’s status
as a third
country and the resulting requirement for businesses to pay VAT at...
Following the publication of the Brexit Omnibus Bill, the Institute
made a
submission to Revenue at TALC on necessary additional measures
required to
maintain the status quo in the event of a 'no-deal' Brexit. Revenue
has said
the Brexit Omnibus Bill was intended to deal with the most
immediate issues in
the event of a no-deal Brexit and that further measures would be
included in
Finance Bill 2019. …
The Institute issued a Special TaxFax on Budget Day
and again on the publication of Finance Bill 2018. We continued to
update
members on developments as the Bill progressed through the Dáil
and Seanad. At meetings of Main TALC and the Direct/Capital Taxes
sub-committee, the Institute raised and obtained clarification on a...
...