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

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
Brexit

The UK government has published its approach to implementing the Northern Ireland Protocol on Wednesday 20 May, as part of meeting in full its obligations under the Withdrawal Agreement with the European Union. The command paper outlines how the protocol can be implemented in a pragmatic manner: one that protects the interests of the people and economy of Northern Ireland, recognises Northern Ireland’s integral place in the United Kingdom and its internal market, provides appropriate protection for the EU Single Market, and respects the unique circumstances of Northern Ireland. The paper also sets out four key commitments that will underpin the UK Government’s approach to implementing the Protocol: Deliver unfettered access for Northern Ireland businesses to the whole of the UK market Ensure there are no tariffs on goods remaining within the UK customs territory Discharge obligations without the need for any new customs infrastructure in Northern Ireland Guarantee that Northern Ireland businesses benefit from the lower tariffs delivered through our new Free Trade Agreements with third countries   As a background to the implementation of the Protocol - The solution for Northern Ireland in the Protocol was designed as a practical way forward to prevent a hard border on the island of Ireland. The Protocol will only remain in force as long as the people of Northern Ireland want it to. Democratically elected institutions in Northern Ireland will decide whether to extend or end the arrangements in a consent vote that can take place every four years, with the first vote set to take place in 2024

May 25, 2020