• Current students
      • Student centre
        Enrol on a course/exam
        My enrolments
        Exam results
        Mock exams
        Learning Hub data privacy policy
      • Course information
        Students FAQs
        Student induction
        Course enrolment information
        Key dates
        Book distribution
        Timetables
        FAE Elective Information
      • Exams
        Exam Info: CAP1
        E-assessment information
        Exam info: CAP2
        Exam info: FAE
        Reasonable accommodation and extenuating circumstances
        Timetables for exams & interim assessments
        Interim assessments past papers & E-Assessment mock solutions
        Main examination past papers
        Information and appeals scheme
        JIEB: NI Insolvency Qualification
      • CA Diary resources
        Mentors: Getting started on the CA Diary
        CA Diary for Flexible Route FAQs
      • Admission to membership
        Joining as a reciprocal member
        Conferring dates
        Admissions FAQs
      • Support & services
        Recruitment to and transferring of training contracts
        CASSI
        Student supports and wellbeing
        Audit qualification
        Diversity and Inclusion Committee
    • Students

      View all the services available for students of the Institute

      Read More
  • Becoming a student
      • About Chartered Accountancy
        The Chartered difference
        What do Chartered Accountants do?
        5 Reasons to become a Chartered Accountant
        Student benefits
        School Bootcamp
        Third Level Hub
        Study in Northern Ireland
        Events
        Blogs
        Member testimonials 2022
        Become a Chartered Accountant podcast series
      • Entry routes
        College
        Working
        Accounting Technicians
        School leavers
        Member of another body
        International student
        Flexible Route
        Training Contract
      • Course description
        CAP1
        CAP2
        FAE
        Our education offering
      • Apply
        How to apply
        Exemptions guide
        Fees & payment options
        External students
      • Training vacancies
        Training vacancies search
        Training firms list
        Large training firms
        Milkround
        Training firms update details
        Recruitment to and transferring of training contract
        Interview preparation and advice
        The rewards on qualification
        Tailoring your CV for each application
        Securing a trainee Chartered Accountant role
      • Support & services
        Becoming a student FAQs
        Who to contact for employers
        Register for a school visit
    • Becoming a
      student

      Study with us

      Read More
  • Members
      • Members Hub
        My account
        Member subscriptions
        Annual returns
        Application forms
        CPD/events
        Member services A-Z
        District societies
        Professional Standards
        Young Professionals
        Careers development
        Diversity and Inclusion Committee
        Overseas members new test
      • Members in practice
        Going into practice
        Managing your practice FAQs
        Practice compliance FAQs
        Toolkits and resources
        Audit FAQs
        Other client services
        Practice Consulting services
        What's new
      • Overseas members
        Working abroad
        Working in Australia
        Overseas members news
        Tax for returning Irish members
      • In business
        Networking and special interest groups
        Articles
      • Public sector
        Public sector news
        Public sector presentations
      • Support & services
        Letters of good standing form
        Member FAQs
        AML confidential disclosure form
        CHARIOT/Institute Technical content
        TaxSource Total
        The Educational Requirements for the Audit Qualification
        Pocket diaries
        Thrive Hub
    • Members

      View member services

      Read More
  • Employers
      • Training organisations
        Authorise to train
        Training in business
        Manage my students
        Incentive Scheme
        Recruitment to and transferring of training contracts
        Securing and retaining the best talent
        Tips on writing a job specification
      • Training
        In-house training
        Training tickets
      • Recruitment services
        Hire a qualified Chartered Accountant
        Hire a trainee student
      • Non executive directors recruitment service
      • Support & services
        Hire members: log a job vacancy
        Firm/employers FAQs
        Training ticket FAQs
        Authorisations
        Hire a room
        Who to contact for employers
    • Employers

      Services to support your business

      Read More
☰
  • Find a firm
  • Jobs
  • Login
☰
  • Home
  • Knowledge centre
  • Professional development
  • About us
  • Shop
  • News
Search
View Cart 0 Item

News

  • Home/
  • News
☰
  • News
  • News archive
    • 2020
    • 2019
  • Press releases
    • 2022
    • 2021
    • 2020
  • Newsletters
  • Press contacts
  • Media downloads
  • Podcasts Chartered Accountants Ireland
  • Budget day news

EU exit lobbying and submissions

Mar 01, 2021

It was a busy week last week with two important submissions made in respect of EU exit issues. A letter was sent to HMRC on the importance of implementing and publishing a soft-landing policy for VAT compliance where genuine errors are made. The Institute’s NI Tax Committee also made a submission to the NI Affairs Committee’s Call for Evidence on Brexit and the NI Protocol.

Soft-landing

In 2020, the Institute and the NI Tax Committee lobbied HMRC and the UK Government extensively in the lead up to the end of the EU transition period on matters such as VAT and Northern Ireland. These discussions are continuing in 2021. As part of these discussions, the importance of ensuring businesses getting to grips with extensive changes to tax rules, including VAT, are afforded a soft landing where mistakes and genuine errors are made is critical.

Last week the Institute wrote to HMRC on the importance of ensuring a soft-landing policy is formulated and announced to businesses as soon as possible. A copy of that letter was also sent to Minister for the Economy, Diane Dodds MLA.

Call for evidence: The NI Protocol

The NI Tax Committee also made a submission last week to the NI Affairs Committee’s Call for Evidence on Brexit and the Northern Ireland Protocol. The submission sets out the extensive work carried out in 2020, which continues in 2021, by the NI Tax Committee and the Institute on post EU exit with HMRC and the UK Government. Engagement is also being undertaken with officials from the Department for the Economy, the Northern Ireland Office, and the Cabinet Office.  In addition, the Institute is represented on the Secretary of State’s Business Engagement Forum.

The response to the NI Affairs Committee stresses that although the Protocol does bring challenges to businesses as they adapt to new rules, particularly in the midst of the pandemic, our engagement with businesses over the past few weeks in particular has shown that some feel many of the “unknowns” are becoming “knowns” and things are beginning to settle down as supply chains are reworked and bedded down.

The dual status of Northern Ireland in both the UK and EU Single Market for goods gives a unique opportunity to the region in terms of attracting foreign direct investment, particularly in the manufacturing and distribution sectors.

In conclusion, the full consequences of the Protocol are unlikely to be felt until later this year, when the three and six month grace periods on customs checks are expected to be lifted on goods moving from GB to NI. The submission states that now is the time to create awareness and educate businesses about the customs compliance that is required when those grace periods end. Otherwise, the confusion seen in January 2021 will be repeated.

Overall the submission highlights that certain issues do remain which are as follows:-

  • The lack of practical guidance available to businesses and delays in issuing guidance;
  • The late implementation of the Trader Support Service;
  • GB supply issues;
  • Confusion and difficulty understanding the rules of origin;
  • The application of the “at risk” rules particularly in the cases of wholesaler arrangements;
  • The need for customs declarations to return goods from GB to NI;
  • NI group with companies in NI and GB experiencing difficulties moving goods and work between sites;
  • The shortage of experienced customs intermediaries;
  • The challenges presented by SPS checks and Export Health Certificates on goods moving between GB and NI; and
  • The importance of a soft-landing approach to compliance.

The latest news to your inbox

Useful links

  • Current students
  • Becoming a student
  • Knowledge centre
  • Shop
  • District societies

Get in touch

Dublin HQ

Chartered Accountants
House, 47-49 Pearse St,
Dublin 2, D02 YN40, Ireland

TEL: +353 1 637 7200
Belfast HQ

The Linenhall
32-38 Linenhall Street, Belfast,
Antrim, BT2 8BG, United Kingdom

TEL: +44 28 9043 5840

Connect with us

Something wrong?

Is the website not looking right/working right for you?
Browser support
CAW Footer Logo-min
GAA Footer Logo-min
CCAB-I Footer Logo-min
ABN_Logo-min

© Copyright Chartered Accountants Ireland 2020. All Rights Reserved.

☰
  • Terms & conditions
  • Privacy statement
  • Event privacy notice
  • Sitemap
LOADING...

Please wait while the page loads.