Category: Brexit

Business to Business

Providing Step by Step Guidance

Get in touch for your free consulation today
Contact Us
Diversity

Hands On, Client focused approach

Get in touch for your free consulation today
Contact Us
Over 30 Years Experience

Insight into all aspects and types of business

Get in touch for your free consulation today
Contact Us

The Year Ahead

23/3/2021

The hazards involved in economic forecasting have been highlighted in dramatic fashion over the past year. While reviewing the equivalent piece I wrote this time last year, two statements stand out, that remind me once again of the futility of economic forecasting.

Firstly, in relation to the international outlook, I expressed a view that a hard Brexit would be avoided, and that the US/Chinese trade spat that had dominated 2019, would ease ahead of the US presidential election. I concluded based on these assumptions that ‘despite all of these uncertainties, mainly related to global geo-politics, it is more likely that global growth will be stable or slightly stronger over the coming year’.

0 Comments

BREXIT EFFECTS - From January 2021

14/12/2020

0 Comments

THERE WILL BE NEW RULES FOR TRADE, TRAVEL AND LIVING IN THE UK AND EU FROM 1 JANUARY 2021.

Many businesses who trade with the EU are no doubt watching the Brexit negotiations closely. Whether or not there is a free trade agreement, many of the administrative changes for trade and travel are already known and it is important you plan ahead for these.

The British government produced guidance in trading between the EU, referring to 3 phases of importance: From January 2021: Traders importing standard goods will need to prepare for basic customs requirements, such as keeping records of imported goods. Traders will also need to consider how they account for and pay VAT on imported goods.

Traders will then have up to six months to complete customs declarations. While tariffs will be payable where due on relevant goods, payments can be deferred until the customs declaration has been made.

0 Comments

DON’T FORGET ABOUT BREXIT

8/10/2020

0 Comments

While we are all very focused on responding responsibly to the requirements of operating during Covid-19, it is easy to forget the rest of the world around us. Brexit is still moving forward and requires you to have a plan in place for when that occurs. Here we list some key steps that your business needs to take now for a successful transition.

All businesses in Ireland must acquaint themselves with the formalities and procedures for doing business with the United Kingdom as a third country as of 1st January 2021. Therefore you will need to factor in the increased administrative obligations and potentially longer timeframes resulting from these formalities and procedures which might entail significant changes to the organisation of your existing supply chains.
Businesses placing goods into the UK market will need to make sure that they comply with all relevant UK rules as of 1 January 2021
All transport businesses conducting operations between the European Union and the United Kingdom must ensure compliance respectively with EU and UK certification requirements as of 1 January 2021.
Persons with UK qualifications will need to obtain recognition of same in the European Union before 1 January 2021.

0 Comments

Irish Tax Institute - Customs and Preparing for Brexit Event

14/10/2019

0 Comments

On the 10th October 2019, the Taoiseach, Leo Varadkar T.D. and the UK Prime Minister, Boris Johnson M.P. announced that they could see a “pathway to a possible deal” on Brexit. The EU and the UK have agreed to intensify discussions over the coming days in an attempt to agree an orderly withdrawal of the UK from the EU. The outcome of these negotiations is still very uncertain.

In the absence of any transitional arrangement, Revenue intend to operate on the basis that customs procedures apply from “Day 1” - 1 November. In the panel discussion at the Institute’s recent event on Customs and Preparing for Brexit, Celine O’ Neill from Revenue’s Brexit Policy Unit outlined some practical issues for businesses preparing for customs, including:

0 Comments