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

More no-deal Brexit funding available in UK

The UK government has announced an additional funding of £2.1 billion in an effort to better support the public and businesses to prepare for a no-deal Brexit. This includes a new immediate cash boost of £1.1 billion to prepare critical areas for EU exit on 31 October as well as a further £1 billion available to enhance operational preparedness in 2019 if needed.

£344 million has been allocated to help get new border and customs operations ready. This includes:

  • An extra 500 border force officers
  • Boosting capacity to process UK passport applications
  • Doubling the support made available for customs agents to train new staff or invest in better IT so businesses can get the support they need to complete customs declarations.
  • Improving transport infrastructure around ports
  • Enhancing support available on government helplines.

£434 million will be made available to help vital medicines and medical products will be still available in the UK and £108 million available to promote and support businesses to ensure they are ready for Brexit.