Brexit centre

The decision of the UK people to leave the European Union is one of the most significant events to occur in the history of the EU. Because of our geographic, social and economic ties with the UK, Ireland will experience the greatest impact of this decision among EU countries. The land border makes the situation particularly onerous. Ireland currently operates a trade surplus with the UK and customs checks and controls are increasingly likely.

Chartered Accountants Ireland

Upcoming Events

CPD Blitz Conference Sligo 202...
Nov 17

This fast paced day focuses on the key issues impacting accountants in Ireland. Over the course of ten sessions, attendees will receive high impact technical updates and professional and commercial insights, with separate streams for practitioners and members in business where relevant. High profile speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:
CPD Blitz Conference Galway 20...
Nov 18

This fast paced day focuses on the key issues impacting accountants in Ireland. Over the course of ten sessions, attendees will receive high impact technical updates and professional and commercial insights, with separate streams for practitioners and members in business where relevant. High profile speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:
CPD Blitz Conference Limerick ...
Nov 19
Limerick

This fast paced day focuses on the key issues impacting accountants in Ireland. Over the course of ten sessions, attendees will receive high impact technical updates and professional and commercial insights, with separate streams for practitioners and members in business where relevant. High profile speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Limerick
Dates:
CPD Blitz Conference Waterford...
Dec 09
Waterford

This fast paced day focuses on the key issues impacting accountants in Ireland. Over the course of ten sessions, attendees will receive high impact technical updates and professional and commercial insights, with separate streams for practitioners and members in business where relevant. High profile speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Waterford
Dates:
CPD Blitz Conference Dublin 20...
Dec 10
Chartered Accountants House

This fast paced day focuses on the key issues impacting accountants in Ireland. Over the course of ten sessions, attendees will receive high impact technical updates and professional and commercial insights, with separate streams for practitioners and members in business where relevant. High profile speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Chartered Accountants House
Dates:

Latest Brexit news

Public Policy

In the latest Brexit developments, The European Union and UK have concluded their fourth round of talks on a post-Brexit trade deal and other aspects of their future relations. The negotiations took place from Tuesday 2 June 2020 to Friday 5 June 2020. The full agenda of the negotiations can be found here. Read more for the details of what the negotiation covered.   Fourth round of Brexit negotiations end today, EU and UK still remain far apart on core issues The European Union and UK have concluded their fourth round of talks on a post-Brexit trade deal and other aspects of their future relations. The negotiations took place from Tuesday 2 June 2020 to Friday 5 June 2020. The full agenda of the negotiations can be found here. The four-day negotiations by video conference saw the officials from the two blocs trying to make headway after the last three rounds yielded little progress. Chief EU negotiator, Michel Barnier has said that there have been no significant areas of progress in latest round of trade negotiations with UK. Addressing a press conference earlier this afternoon, he also stated that there was no progress on fisheries, level playing field, governance, but more constructive discussions on police and judicial cooperation.  Stating the UK side, Chief UK negotiator, David Frost has released a statement saying that progress remains limited, however the negotiations were in a positive tone. He has also stated that the negotiations need to be concluded in good time to enable people and businesses to have clarity regarding the trading terms that will follow the end of the transition.  Mr. Barnier has reiterated that the EU are still open to extending the transition by one or two years. However, if there is no joint decision, the UK will leave the single market and customs union in less than seven months time. Referring to the UK's command paper on Approaching the NI Protocol, Mr. Barnier says that while it is useful, there are a lot of details still to be decided, if they want to move from "aspiration to operation". Mr. Barnier said that both parties should hopefully be able to meet face to face by the end of June, before a "high-level" summit later this month. Read further updates on our Brexit web centre.

Jun 05, 2020
Brexit

From 1 January 2021, the UK will apply a UK-specific tariff to imported goods, which will replace the current EU Common External Tariff. The new bespoke UK Global Tariff (“UKGT”) will apply to goods imported into the UK (including Northern Ireland) irrespective of their source unless an exception such as a preferential arrangement, tariff suspension, or Free Trade Agreement applies. It is the first time the UK has set its own tariff regime for almost 50 years. As per the new system, the UK will slash import tariffs on certain products and scrap the EU calculation system to determine food levies. The UK will also round tariffs down to their nearest 2 per cent, 5 per cent, or 10 per cent, depending on their existing level, to simplify the regime, and will cut tariffs on environmental products such as LED bulbs. You can read the Institute’s response to the government’s consultation process to develop this regime. Readers can also use the UK Global Tariff tool to check the tariffs that will apply to goods they import from 1 January 2021.  Read the summary of public responses and government response for full details.  

May 25, 2020
Brexit

As per the outcome of the third round of negotiations between the UK and the EU, the UK have published the legal texts of their draft negotiation documents. As outlined below, “The Future Relationship with the EU” document lays out a suite of proposals for the UK’s negotiations with the EU. The draft legal texts are the legal articulation of this approach and have formed the basis of discussions with the EU. The main element of the UK’s approach is the comprehensive Free Trade Agreement, or FTA, covering substantially all trade. They have also proposed a separate agreement on fisheries, an agreement on law enforcement and judicial cooperation in criminal matters, and agreements in technical areas covering aviation, energy and civil nuclear cooperation. The document suite also includes correspondence from UK chief negotiator, David Frost, to his EU counterpart, Michel Barnier. Some important documents are highlighted below: Letter from David Frost to Michel Barnier: 19.05.20 The Future Relationship with the EU DRAFT UK-EU Comprehensive Free Trade Agreement (CFTA) DRAFT UK-EU CFTA Annexes DRAFT Fisheries Framework Agreement DRAFT Energy Agreement DRAFT Social Security Coordination Agreement DRAFT Agreement on Law Enforcement and Judicial Cooperation in Criminal Matters For the complete suite of documents, visit the page: UK’s approach to the Future Relationship with the EU.

May 25, 2020