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
Nov 19

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 specialist speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:
CPD Blitz Conference Galway
Nov 20

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 specialist speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:
CPD Blitz Conference Limerick
Nov 21
Strand Hotel 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 specialist speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Strand Hotel Limerick
Dates:
CPD Blitz Cork
Dec 10

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 specialist speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:
CPD Blitz Waterford
Dec 11

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 specialist speakers, who work day-to-day in the specialist field, lead each session focusing on practical matters.

Location:
Dates:

Latest Brexit news

Brexit

The EU 27 have agreed to postpone the UK’s departure from the EU until 31 January 2020 –three months after the planned departure date of 31 October.  With a pre-Christmas general election on the horizon for the UK, read this week’s Brexit Bulletin for a timeline of the developments so far.   2019 Brexit Timeline 29 October 2019, UK on track for general election on 12 December   UK Prime Minister Boris Johnson has secured an early general election scheduled for 12 December 2019. With the revised Withdrawal Agreement Bill on the backburner for now, UK political parties are preparing for an unpredictable election ahead, just weeks before the new Brexit deadline of 31 January 2020.     28 October 2019, EU agrees to three-month Brexit “flextension”   The EU 27 member states have agreed to grant the UK a three-month extension to the Brexit deadline of 31 October 2019, making the new Brexit deadline 31 January 2020. Dubbed as the “flextension”, it provides for the UK to leave the EU earlier than 31 January 2020 if the withdrawal agreement is ratified before then.   Meanwhile, UK Prime Minister Boris Johnson’s attempts at securing a parliamentary majority to ratify the Withdrawal Agreement Bill have been foiled, as MPs have voted against his plan for a general election in early December. The Prime Minister will make a fresh attempt to pass a short bill later today to secure a general election in December.     23 October 2019, MPs back Bill, reject accelerated timetable   UK MPs voted to approve the Withdrawal Agreement Bill in principle on its second reading. However, they simultaneously rejected Prime Minister, Boris Johnson’s proposal to push the bill through Parliament within an accelerated three-day timeframe.   Taoiseach Leo Varadkar has confirmed his support for EU Council President Donald Tusk’s proposal to grant the UK an extension to the Brexit process.     22 October 2019, Meaningful vote rejected; Withdrawal Agreement Bill published   The UK Parliament’s bid to hold a ‘meaningful vote’ was rejected by the Speaker of the House, John Bercow on Monday. A ‘meaningful vote’ means that the House of Commons’ vote on a government motion to approve the Withdrawal Agreement.  The UK government also published the full text of the EU Withdrawal Agreement Bill later that day.     19 October 2019, UK Prime Minister requests extension to Brexit deadline   The UK Prime Minister officially requested another Brexit extension from the EU until the end of January 2020. This is in line with the terms of the “Benn Act” passed last month to ensure that the UK government does not leave the EU without a deal. The EU is currently considering the extension, with the consent of all EU27 member states required to grant it. However, if the EU refuses to grant the UK a delay to Brexit, then the UK Parliament has until 31 October to pass a deal and the associated legislation.     19 October 2019, UK Parliament passes Letwin amendment   Upon reconvening, the UK House of Commons voted in favour of the Letwin amendment, which enabled the UK to withhold approval for the Brexit deal, until legislation to implement the deal has been passed by the government.     17 October 2019, New Brexit deal on the horizon   Following intensive negotiations, a Brexit deal was agreed upon last week between the UK government and the EU. Read a summary of the commercial elements of the deal.     Brexit preparedness resources   Guidance video: Single Administrative Document   Chartered Accountants Ireland has released a quick guidance video on how to fill out the Single Administrative Document, which will be a requirement for making customs declarations post-Brexit by both Irish/UK traders to trade with the UK/EU respectively. Visit our Customs page to watch the video.     Avail of Customs Transit Procedure   The Minister for Business, Enterprise and Innovation, Heather Humphreys is urging businesses to make sure they are prepared well in advance to avail of the Customs Transit Procedure for moving goods through the UK land bridge post-Brexit. The Customs Transit Procedure removes the requirement for businesses who are transiting goods through a non-EU country to pay duties and complete customs declarations when they enter the country and again when they leave it to re-enter the EU.   Businesses will require two things in particular to avail of the Customs Transit Procedure:   A Revenue-authorised Comprehensive Guarantee, covering transit through third countries, which the UK will be post-Brexit.   To avail of the Transit element of that guarantee, a business must also have in place a financial guarantee from a bank, where the Department’s Credit Guarantee Scheme can be used by business to back their financial guarantee from a bank.   Read more on the procedure here.     HMRC – Customs funding   The UK government have announced additional funding to support businesses with the costs of making customs declarations. Businesses based in, or with a branch in, the UK can apply for funding ahead of the UK leaving the EU. Grants can be used to support: training costs for businesses who complete customs declarations, or who intend to in the future funding for IT improvement, which is available to small and medium sized employers who are currently involved in trade as an intermediary   Applications can be made online, with the grant being offered within 30 days of applying.    Irish Government Brexit Supports The Department of Business, Enterprise and Innovation have released several Brexit preparedness supports, including the Brexit preparedness checklist, the Brexit Loan Scheme and the Getting Business Brexit Ready guide. For the full range of supports for businesses, visit the Department’s website. Read all our updates in our Brexit web centre and our page dedicated to no-deal Brexit planning.

Nov 04, 2019
Brexit

  UK gets Brexit “flextension” - new deadline 31 January 2020 The EU 27 have agreed to postpone the UK’s departure from the EU until 31 January 2020 –three months after the planned departure date of 31 October.  With a pre-Christmas general election on the horizon for the UK, read this week’s Brexit Bulletin for a timeline of the developments so far.   29 October 2019, UK on track for general election on 12 December UK Prime Minister Boris Johnson has secured an early general election scheduled for 12 December 2019. With the revised Withdrawal Agreement Bill on the backburner for now, UK political parties are preparing for an unpredictable election ahead, just weeks before the new Brexit deadline of 31 January 2020.   28 October 2019, EU agrees to three-month Brexit “flextension" The EU 27 member states have agreed to grant the UK a three-month extension to the Brexit deadline of 31 October 2019, making the new Brexit deadline 31 January 2020. Dubbed as the “flextension”, it provides for the UK to leave the EU earlier than 31 January 2020 if the withdrawal agreement is ratified before then. Meanwhile, UK Prime Minister Boris Johnson’s attempts at securing a parliamentary majority to ratify the Withdrawal Agreement Bill have been foiled, as MPs have voted against his plan for a general election in early December. The Prime Minister will make a fresh attempt to pass a short bill later today to secure a general election in December.   23 October 2019, MPs back Bill, reject accelerated timetable UK MPs voted to approve the Withdrawal Agreement Bill in principle on its second reading. However, they simultaneously rejected Prime Minister, Boris Johnson’s proposal to push the bill through Parliament within an accelerated three-day timeframe. Taoiseach Leo Varadkar has confirmed his support for EU Council President Donald Tusk’s proposal to grant the UK an extension to the Brexit process.   22 October 2019, Meaningful vote rejected; Withdrawal Agreement Bill published The UK Parliament’s bid to hold a ‘meaningful vote’ was rejected by the Speaker of the House, John Bercow on Monday. A ‘meaningful vote’ means that the House of Commons’ vote on a government motion to approve the Withdrawal Agreement.  The UK government also published the full text of the EU Withdrawal Agreement Bill later that day.   19 October 2019, UK Prime Minister requests extension to Brexit deadline The UK Prime Minister officially requested another Brexit extension from the EU until the end of January 2020. This is in line with the terms of the “Benn Act” passed last month to ensure that the UK government does not leave the EU without a deal. The EU is currently considering the extension, with the consent of all EU27 member states required to grant it. However, if the EU refuses to grant the UK a delay to Brexit, then the UK Parliament has until 31 October to pass a deal and the associated legislation.   19 October 2019, UK Parliament passes Letwin amendment Upon reconvening, the UK House of Commons voted in favour of the Letwin amendment, which enabled the UK to withhold approval for the Brexit deal, until legislation to implement the deal has been passed by the government.   17 October 2019, New Brexit deal on the horizon Following intensive negotiations, a Brexit deal was agreed upon last week between the UK government and the EU. Read a summary of the commercial elements of the deal.     Brexit preparedness resources Guidance video: Single Administrative Document Chartered Accountants Ireland has released a quick guidance video on how to fill out the Single Administrative Document, which will be a requirement for making customs declarations post-Brexit by both Irish/UK traders to trade with the UK/EU respectively. Visit our Customs page to watch the video.   Avail of Customs Transit Procedure The Minister for Business, Enterprise and Innovation, Heather Humphreys is urging businesses to make sure they are prepared well in advance to avail of the Customs Transit Procedure for moving goods through the UK land bridge post-Brexit. The Customs Transit Procedure removes the requirement for businesses who are transiting goods through a non-EU country to pay duties and complete customs declarations when they enter the country and again when they leave it to re-enter the EU. Businesses will require two things in particular to avail of the Customs Transit Procedure:  A Revenue-authorised Comprehensive Guarantee, covering transit through third countries, which the UK will be post-Brexit.   To avail of the Transit element of that guarantee, a business must also have in place a financial guarantee from a bank, where the Department’s Credit Guarantee Scheme can be used by business to back their financial guarantee from a bank. Read more on the procedure here.   HMRC – Customs funding The UK government have announced additional funding to support businesses with the costs of making customs declarations. Businesses based in, or with a branch in, the UK can apply for funding ahead of the UK leaving the EU. Grants can be used to support: training costs for businesses who complete customs declarations, or who intend to in the future funding for IT improvement, which is available to small and medium sized employers who are currently involved in trade as an intermediary Applications can be made online, with the grant being offered within 30 days of applying.    Irish Government Brexit Supports The Department of Business, Enterprise and Innovation have released several Brexit preparedness supports, including the Brexit preparedness checklist, the Brexit Loan Scheme and the Getting Business Brexit Ready guide. For the full range of supports for businesses, visit the Department’s website. Read all our updates in our Brexit web centre and our page dedicated to no-deal Brexit planning.  

Oct 31, 2019
Brexit

UK gets Brexit “flextension” - new deadline 31 January 2020  The EU 27 have agreed to postpone the UK’s departure from the EU until 31 January 2020 – almost three months after the planned departure date of 31 October.  With a pre-Christmas general election on the horizon for the UK, read this week’s Brexit Bulletin for a timeline of the developments so far.   29 October 2019, UK on track for general election on 12 December UK Prime Minister Boris Johnson has secured an early general election scheduled for 12 December 2019. With the revised Withdrawal Agreement Bill on the backburner for now, UK political parties are preparing for an unpredictable election ahead, just weeks before the new Brexit deadline of 31 January 2020.     28 October 2019, EU agrees to three-month Brexit “flextension” The EU 27 member states have agreed to grant the UK a three-month extension to the upcoming Brexit deadline of 31 October 2019, making the new deadline 31 January 2020. Dubbed as the “flextension”, the additional time allows the UK will be allowed to leave the EU earlier than the new deadline if they are able to ratify a withdrawal agreement before then. In the meanwhile, UK Prime Minister Boris Johnson’s attempts at securing a parliamentary majority to ratify the Withdrawal Agreement Bill have been foiled, as MPs have voted against his plan for a general election in early December. The Prime Minister will make a fresh attempt to pass a short bill later today to secure a general election in December.     23 October 2019, MPs back Bill, reject accelerated timetable UK MPs voted to approve the Withdrawal Agreement Bill in principle on its second reading. However, they simultaneously rejected Prime Minister, Boris Johnson’s proposal to push the bill through Parliament within an accelerated three-day timeframe. Taoiseach Leo Varadkar has confirmed his support for EU Council President Donald Tusk’s proposal to grant the UK an extension to the Brexit process.     22 October 2019, Meaningful vote rejected; Withdrawal Agreement Bill published The UK Parliament’s bid to hold a ‘meaningful vote’ was rejected by the Speaker of the House, John Bercow on Monday. A ‘meaningful vote’ means that the House of Commons’ vote on a government motion to approve the Withdrawal Agreement.  The UK government also published the full text of the EU Withdrawal Agreement Bill later that day.     19 October 2019, UK Prime Minister requests extension to Brexit deadline The UK Prime Minister officially requested another Brexit extension from the EU until the end of January 2020. This is in line with the terms of the “Benn Act” passed last month to ensure that the UK government does not leave the EU without a deal. The EU is currently considering the extension, with the consent of all EU27 member states required to grant it. However, if the EU refuses to grant the UK a delay to Brexit, then the UK Parliament has until 31 October to pass a deal and the associated legislation.     19 October 2019, UK Parliament passes Letwin amendment Upon reconvening, the UK House of Commons voted in favour of the Letwin amendment, which enabled the UK to withhold approval for the Brexit deal, until legislation to implement the deal has been passed by the government.     17 October 2019, New Brexit deal on the horizon Following intensive negotiations, a Brexit deal was agreed upon last week between the UK government and the EU. Read a summary of the commercial elements of the deal.     Brexit preparedness resources Guidance video: Single Administrative Document Chartered Accountants Ireland has released a quick guidance video on how to fill out the Single Administrative Document, which will be a requirement for making customs declarations post-Brexit by both Irish/UK traders to trade with the UK/EU respectively. Visit our Customs page to watch the video.   Avail of Customs Transit Procedure The Minister for Business, Enterprise and Innovation, Heather Humphreys is urging businesses to make sure they are prepared well in advance to avail of the Customs Transit Procedure for moving goods through the UK land bridge post-Brexit. The Customs Transit Procedure removes the requirement for businesses who are transiting goods through a non-EU country to pay duties and complete customs declarations when they enter the country and again when they leave it to re-enter the EU. Businesses will require two things in particular to avail of the Customs Transit Procedure:   A Revenue-authorised Comprehensive Guarantee, covering transit through third countries, which the UK will be post-Brexit.   To avail of the Transit element of that guarantee, a business must also have in place a financial guarantee from a bank, where the Department’s Credit Guarantee Scheme can be used by business to back their financial guarantee from a bank.   Read more on the procedure here.   Brexit Customs Level 1 and 2 – CPD course Chartered Accountants Ireland, in association with the Irish Exporters Association, has launched a brand new continuous professional development (CPD) course - Brexit Customs Level 1 and 2 in both the Republic of Ireland and Northern Ireland. This course provides participants with insights into how to manage their dealings with EU/International customs efficiently and explores areas such as goods classification, origin, valuation and transit.  Interested parties can visit the CPD Brexit programmes page of our website to learn more and register for the upcoming course in Cork.   HMRC – Customs funding The UK government have announced additional funding to support businesses with the costs of making customs declarations. Businesses based in, or with a branch in, the UK can apply for funding ahead of the UK leaving the EU. Grants can be used to support: training costs for businesses who complete customs declarations, or who intend to in the future funding for IT improvement, which is available to small and medium sized employers who are currently involved in trade as an intermediary   Applications can be made online, with the grant being offered within 30 days of applying.    Irish Government Brexit Supports The Department of Business, Enterprise and Innovation have released several Brexit preparedness supports, including the Brexit preparedness checklist, the Brexit Loan Scheme and the Getting Business Brexit Ready guide. For the full range of supports for businesses, visit the Department’s website. Read all our updates in our Brexit web centre and our page dedicated to no-deal Brexit planning.  

Oct 29, 2019