Angela Fleming, Partner and Head of Financial Services Tax, explores how Reform of Ireland’s interest regime has been top of the wish list for a number of years, in particular since the introduction of interest limitation rules in 2022. The principle behind reform of the rules is to introduce a new regime that is best in class internationally, simplified, and with greater clarity for taxpayers.

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In addition, Emma Galvin, Director in the Financial Services VAT Department, outlines Revenue releasing a Tax and Duty Manual, “Territorial Scope of VAT Groups”, which sets out a major change in the territorial scope of VAT Groups in Ireland, bringing its interpretation in line with the Skandia (C 7/13) and Danske Bank (C-812/19) principles.

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