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

EU-UK specialised committee on Ireland/Northern Ireland protocol meet for the first time

Following the end of the second round of Brexit negotiations last week, the EU and UK have met yesterday to discuss the details of the Ireland/Northern Ireland protocol. The committee on the Ireland/Northern Ireland protocol is one of the six specialised committees under the Joint Committee established to implement the Withdrawal Agreement. While these discussions are legally separate to the EU and UK’s future relationship negotiations, they hold immense importance in deciphering the nature of future customs, regulatory and veterinary checks to be applied to products entering Northern Ireland from the rest of the UK, with UK officials in charge of carrying out the controls. The compromise avoided the risk of a hard border with the Republic of Ireland, while keeping Northern Ireland inside the UK’s customs territory. However, the new system needs to be ready for when Britain’s post-Brexit transition period expires at the end of this year.

The committee met virtually and was co-chaired by EU and UK officials. Philippe Bertrand, a senior official in Michel Barnier’s task force lead the EU delegation, while Brendan Threlfall, a senior civil servant who has dealt with issues relating to Ireland throughout the Brexit negotiations led the UK side. Andrew McCormick, Director General – International Relations, represented the Northern Ireland Executive on the UK side.

In a statement following the meeting, the EU has said:

“The proper and timely implementation of the Withdrawal Agreement remains a key priority for the EU, in particular for maintaining peace and stability on the island of Ireland in the context of the Good Friday (Belfast) Agreement, while ensuring the integrity of the Single Market. A new partnership can only be built on the faithful and effective implementation of the Withdrawal Agreement.”