My Tax Journey

Oct 01, 2018

In this week’s eNews we have the first in a new series of member profiles, where members share their insights on the current tax landscape and their professional journey. First up is Paul Dillon, FCA, a Partner in Duignan Carthy O’Neill. He is a Council Member of Chartered Accountants and is a warhorse of the TALC process having represented the views and frustrations of the regulated accountancy community for over fifteen years. Now over to Paul…

What’s the biggest tax challenge you come up against in your work in tax practice?

The biggest challenge is the significant volume of anti-avoidance legislation that affects many bone-fide commercial transactions and the difficulty in obtaining any comfort that such transactions will not fall foul of the legislation.  Examples of this include the restrictions relating to MBO structures introduced in the last Finance Act.

What’s changed for the better in tax since you started working as an accountant and tax professional?

The digitalisation of tax returns for all taxes has led to a much more efficient compliance function for tax practitioners and Revenue and has reduced errors.

If the Minister for Finance would grant you one wish for Finance Act 2018, what would that be? 

My view is that the minister should review and assist the SME sector particularly in reforms of Enterprise Incentive and Investment Scheme (EISS) and entrepreneurial relief to ensure that they are effective and competitive.

Do you think that the Irish business community are ready for Brexit?

I think that it is difficult for business to be ready due to the great uncertainty surrounding Brexit.  The Irish business community are aware of the risks to business but it is difficult to plan effectively until we know what way the negotiations are likely to conclude.

About Paul

Paul is tax partner in Duignan Carthy O’Neill since 2009, having begun his career with KPMG and worked as a Group Tax Manager for a PLC before returning to practice.

Paul also served as the Chair of the Tax Committee South for five years which involved making representations directly to the Board of the Revenue Commissioners and former Ministers for Finance.