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TaxFax - 23 October 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-10-23
Brexit: Statements following fourth meeting of the EU-UK Joint Committee … The fourth regular meeting of the EU-UK Joint Committee on the implementation and application of the Withdrawal Agreement, co-chaired by Commission Vice-President Maroš Šefčovič, took place in London on Monday, 19 October 2020.... ...Following the meeting, the European Commission made a statement that the aim of the meeting was to jointly assess the current state of the implementation work, follo
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TaxFax - 25 September 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-09-25
Brexit: Tánaiste urges businesses to get ready for inevitable change … On Tuesday, the Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. urged businesses to be ready for the inevitable changes that Brexit will mean for their operations given that there is now less than 100 days until the end of the transition period. The Tánaiste called on businesses to take action immediately on customs and said  …  to members providing information resources and supports which businesses might find helpful to get ready for Brexit. …  https://merrionstreet.ie/en/News-Room/Releases/100_days_to_Brexit_-_Tanaiste_urges_businesses_to_get_ready_for_inevitable_change.html
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TaxFax - 4 September 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-09-04
Brexit Update: EU Brexit Chief Negotiator addresses IIEA and General Scheme for new 2020 Brexit Omnibus Bill expected    … Michel Barnier, the European Commission's Chief Negotiator on Brexit addressed the Institute of International and European Affairs (IIEA) on Wednesday, 2 September ahead of the eighth round of negotiations for a new partnership between the EU and the UK next week. Mr. Barnier noted the impact that the coronavirus pandemic has had but stated  … “the pandemic does not stop the Brexit clock from ticking” … We understand that the Government will shortly publish a General Scheme for a new 2020 Brexit Omnibus Bill (draft Heads of Bill) which will include tax measures to come into effect following the end of the Brexit transition period. As part of our Pre-Finance Bill Submissions in 2019 and 2020 to the Minister for Finance, the Institute identified several circumstances that were not covered by the taxation provisions contained in Part 6 of the Withdrawal Act 2019 (the 2019 Brexit Omnibus Bill), which was devised in the event of a “no deal” Brexit. We made a follow up
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TaxFax - 24 July 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-07-24
Brexit Measures: …  In order to put in place the staff, software and IT systems needed to be ready for new customs arrangements from 1 January 2021 as a result of Brexit, the government will introduce a €20 million Brexit fund to help SMEs involved in exporting and importing with the UK and further afield.
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TaxFax - 18 December 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-12-20
Brexit: Withdrawal Agreement to be fully operational on 1 January 2021 … The EU-UK Joint Committee met virtually yesterday, 17 December, to endorse all formal decisions and other practical solutions related to the implementation of the Withdrawal Agreement, as of 1 January 2021. It follows an agreement in principle reached by the Joint Committee Co-Chairs, European Commission Vice-President Maroš Šefčovič and the UK Chancellor of the Duchy of Lancaster, Michael Gove,
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TaxFax - 14 August 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-08-14
The European Commission has proposed to amend EU VAT rules to introduce special VAT registration numbers for businesses in Northern Ireland, to ensure that trade can continue at the end of the Brexit transition period, in line with EU VAT provisions and the Protocol on Ireland/Northern Ireland. Goods will remain treated as cross-border supplies of goods within the EU, whereas goods supplied elsewhere in the UK and all services will be subject to UK VAT rules after the end...
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TaxFax - 4 December 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-12-04
...a TALC Indirect sub-committee meeting this week that the VAT Return of Trading Details (RTD) form has not yet been updated to reflect the temporary change in the VAT rate from 23% to 21% on 1 September 2020. Work to update this form has been impacted by Brexit and COVID-19 related issues, however, it is expected that the revised form will be available shortly. Revenue confirmed at the meeting that taxpayers would not be penalised where they are unable to complete the form if it is not available to them.
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TaxFax - 19 June 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-06-19
EU-UK Statement on intensifying Brexit talks … On Monday, a meeting was held, via videoconference, between the UK Prime Minister, Boris Johnson, President of the European Council, Charles Michel, President of the European Commission, Ursula von der Leyen, and President of the European Parliament, David Sassoli, to take stock of progress made to date and with the aim of agreeing actions to move forward in negotiations on the future EU-UK relat
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TaxFax - 17 July 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-07-17
Importantly, the July Initiative must position our economy and firms to meet future challenges. In the near-term, this includes helping companies further in overcoming the challenges of Brexit but we also need to include measures that build enterprise resilience and help them transition to a low carbon future.”
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TaxFax - 31 January 2020

Bulletins, Reports and Submissions Irish Tax Institute
2020-01-31
European Commission publishes Q&A on Brexit … The Withdrawal Agreement has been formally ratified by both the EU and the UK and will enter into force at midnight tonight, Central European Time. The European Commission has released a list of questions and answers on what will happen during the transition period which commences tomorrow and will last, at least, until 31 December 2020.  The UK will no longer be represented in the EU institution
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