Post-Brexit: Practical Business and Direct Tax Issues to Consider (Irish Tax Review 2022 Issue 2)
Post-Brexit: Practical Business and Direct Tax Issues to Consider … Brexit brought some unprecedented changes to how groups conduct business and their supply chains. The UK is the only sovereign country to have left the EU, of which it had been a Member State (of the Union and its predecessor – the European Communities) since 1 January 1973.... 18 months we have now seen the practical impacts of Brexit. The purpose of this article is to highlight some of the business direct tax impacts that we have come across based on client experiences. … articles (see Aidan Meagher and Claire Fitzgerald, “Brexit: Potential Direct Tax Effects in Ireland”, , 30/3 (2017)) highlighted selected tax provisions that could be impacted by Brexit. Recent Finance Acts have sought to address the Brexit impact by containing a number of helpful amendments to Irish tax legislation that extend certain reliefs and benefits to UK-tax-resident companies, including: … Let’s consider some of the headline reliefs that are no longer available to UK-tax-resident companies as a result of Brexit.
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