Irish Tax Legislative & Policy Developments
Key Irish tax, policy and regulatory updates, with a focus on practical impacts for businesses, investors and the wider economy.
Since our last issue, the Department of Finance has advanced Phase 1 of the reform of Ireland’s taxation regime for interest. While progress in this area is welcome, particularly following the introduction of interest limitation rules in 2022, certain aspects of the proposals raise practical and administrative concerns. In this edition, we provide an overview of the proposed changes and outline what businesses should monitor as the consultation process moves to its next stage.
We also examine Revenue’s updated guidance on the VAT treatment of transactions between branches and head offices within VAT groups. This represents a significant shift in the territorial scope of Irish VAT grouping rules and may carry real cost implications for financial services businesses with restricted VAT recovery.
We hope you find this edition informative and practical. As always, our team is available to discuss how these developments may affect your business.
