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

UK releases new Brexit proposal: Ireland and EU react

In early October, the UK Prime Minister Boris Johnson delivered an alternative Brexit proposal to the EU. In a letter to European Commission President Jean-Claude Juncker, “A fair and reasonable compromise: UK proposals for a new protocol on Ireland/Northern Ireland”, the UK Prime Minister explains his proposal to replace the Irish backstop with a complex system of customs, regulatory and border checks mainly impacting Northern Ireland.

In summary, the plan provides for the following;

In response to the proposal, Taoiseach Leo Varadkar released a statement saying they do not fully meet the agreed objectives of the Irish backstop. The Taoiseach also reassured the EU of Ireland’s commitment to protecting the EU single market and customs union, as well as protecting the Good Friday agreement and avoiding a hard border.