TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Irish government unveils its latest climate action plan

200 actions are included in plans to achieve climate-change targets in a Climate Action Plan published by the Department of Communications, Climate Action and Environment recently. Ireland is behind in the EU’s climate action targets of reducing carbon emissions by 2020 and faces fines of several hundreds of millions of euros per year until targets are achieved. Some of the measures proposed to reduce carbon emissions in Ireland include:

More broadly, carbon budgets and targets in addition to the normal financial budgets will be established on a five year system. Ministers of each government Department will be responsible for making targets and there will be penalties for failure to do so.