EU exit developments this month cover the Institute’s request for an update on the EEA resident director requirement, confirmation on the deadline for changing from CHIEF to CDS to make declarations for certain airfreight movements and issues of incorrect postponed VAT accounting reporting identified by Revenue.

Section 137 of the Companies Act 2014 requires an Irish-registered company to have at least one EEA-resident director, which until the 31 December 2020 could include a UK (including Northern Ireland) resident director. We had previously informed readers that Tánaiste Leo Varadkar had sought the advice of the Office of the Attorney General seeking clarification on the impact (if any) that the Trade and Cooperation Agreement reached between the EU and UK has on this requirement, and whether Northern Ireland resident directors in particular will be recognised as meeting this condition.

Last month we wrote to the Tánaiste’s office seeking any update and expressing the need for urgent clarification. We are aware that this issue is of concern to many members, and we will keep you updated.