Institute News
This is where you’ll find the latest updates about the Irish Tax Institute.
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A new International Tax Framework must enable growth in all economies and give certainty to business, says the Irish Tax Institute
The Irish Tax Institute believes the OECD’s Inclusive Framework offers the best opportunity of reaching agreement on global tax reform. “For that reason, we welcome the re-engagement of the US administration in the current process which, we hope will lead to a breakthrough in the long running negotiations by the OECD’s deadline of July this year,” said Institute President, Sandra Clarke. Speaking in advance of this afternoon’s International Taxation Seminar […]
Fantasy Budget 2021 – The Winners
Fantasy Budget is our annual competition to get undergraduate students throughout Ireland exploring the Budget. We invite teams of up to four students to critically analyse key measures impacting individuals, Irish businesses, and foreign investment. They also must think like a Minister of Finance and propose a measure to be introduced. This year with a global pandemic, the participating teams had to apply their academic knowledge to an unprecedented real-life […]
Response to the Feedback Statement on ATAD Interest Limitation Rule
On Monday 8 March, the Institute responded to the Department of Finance’s Feedback Statement on the implementation of the final measure of the Anti-Tax Avoidance Directive (ATAD), Article 4 Interest Limitation Rule (ILR). The ILR, which will introduce a fixed based ratio rule to limit a company’s allowable tax deduction for net interest cost in a tax period to 30% EBIDTA, will be transposed into Irish law in Finance Bill […]
Institute’s response to the public consultation on EII
On 12 February, the Institute responded to the Department of Finance’s public consultation on the Employment Investment Incentive (EII). The EII scheme is a vital source of finance for early stage and small businesses. Rather than solely relying on Government to inject cash into the economy, the EII could be used, by the private sector, to support the return to business following the Covid‐19 pandemic and to boost the creation […]
Brexit: What happens after 31 December 2020
As of 1 January 2021, the United Kingdom (UK) is no longer a member of the European Union (EU). Regardless of the outcome of the negotiations reached at the end of 2020, businesses that move goods to, from or through Great Britain (UK excluding Northern Ireland) are required to complete customs formalities. In addition, individuals who buy goods online for personal use from Great Britain will have to consider if […]