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

European Council Summit held with Brexit and COVID-19 high on the agenda

The European Council Summit took place on Friday 19 June via video conference, chaired by President Charles Michel. On the agenda were updates on the Brexit negotiations, the multiannual financial framework (2021-2027) and the COVID-19 recovery package.

President of the European Council Charles Michel and President of the Commission Ursula von der Leyen also informed the leaders about their discussions with Prime Minister Boris Johnson at the EU-UK high-level meeting held via video conference on 15 June 2020. Addressing the press afterwards, President Charles Michel reaffirmed the EU’s commitment to reaching an agreement with the UK. He also reiterated the EU’s stance on the essential topics of negotiation, such as the level playing field, governance, and the Ireland/Northern Ireland Protocol. He also stressed the need to intensify negotiations, as the UK have no intention to ask for an extension to the transition period.