The UK left the EU on 31 January 2020 but has retained the key elements of membership during a ‘transitional phase’. On 31 December 2020, the transitional phase will end. We outline below what key consideration for businesses based in Ireland.
What does this mean for business across the Republic of Ireland and Northern Ireland?
Given the land border, the island of Ireland is of course in a unique position vis a vis Brexit. Given this, businesses both sides of the border have many important questions, such as:
Some insights from our team:
How can we help you prepare?
While there is still a great deal of uncertainty, we have a team of experts in Ireland and the UK who can help guide you through the run up to 31 December 2020 and beyond. A joined-up approach across UK and Irish tax matters is essential.
If you would like to discuss your specific circumstances in more detail, please get in touch with Tom Mahon (tommahon@warrenp.ie) or Olga Miller (olgamiller@warrenp.ie).
This article has been written in partnership with Lee McIntyre Hamilton of Blick Rothenberg https://www.blickrothenberg.com/insights/detail/supporting-businesses-across-the-uk-and-ireland-through-the-final-stage-of-brexit-and-beyond/ an Audit and Tax Advisory firm based in London, who will assist us in providing you with joined-up tax support.
Please note: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
Warren & Partners are a boutique Irish tax and business advisory firm based in Ballsbridge, Dublin. Our experienced-team of tax advisors will create unique tax solutions for your specific business needs.
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