US/UK Tax Treaty Explained The UK and United States governments reached an important agreement in July 2021 on the interpretation of the US-UK double tax avoidance treaty. This agreement will prevent certain taxpayers from being denied access to treaty tax benefits. We’ll summarise below the background of the problem and […]

Trusts Versus Foundations In this piece, we’ll discuss the comparisons and contrasts of two key mechanisms for wealth management: Trusts and Foundations. Introduction to Trusts The best way to think about a Trust is that it acts as a safety deposit box for a person’s assets. Trusts are often an […]

Registering for VAT in Ireland Are you wondering about registering for VAT in Ireland? When should you register, and what are the thresholds? In this blog, we’ll share what you need to know about registering for VAT in Ireland. In Ireland, a trader who makes taxable supplies of goods and […]

Setting Up a Limited Company in Ireland The most common form of company in Ireland is a Private Company Limited by Shares “(LTD)”. Other types of companies are available in Ireland, such as the Designated Activity Company (DAC), which is limited by shares or limited by guarantee, a (PLC) Public […]

Are Corporate Tax Rates on the Rise? During the 2008-10 financial crisis, a trend of falling corporate tax rates was seen worldwide. This was at a time when governments needed to tighten their fiscal belts. Developments recently show that this trend is slowing and may be turning in the opposite […]

Grants for Start-Up Businesses in Ireland A key component of any successful business is, of course, funding. Quite often, companies will need funding to support expanding and growing the business. Due to the COVID-19 pandemic, this funding may even be necessary for the business to stay afloat. This is more […]

Types of Companies in Ireland There any many different types of companies in Ireland available to any prospective entrepreneur. The main types are a Private Company Limited by Shares (Ltd), a Company Limited by Guarantee (CLG) and a Designated Activity Company (DAC). Lesser-used company forms are an Unlimited Company (UL) […]

DAC 6 and The UK DAC 6, as it’s commonly referred to, is an EU Directive on cross-border tax arrangements and is a system of mandatory reporting of cross-border tax arrangements affecting at least one EU member state where the arrangements fall within one of a number of “hallmarks”. The […]

Could Public CbC Reporting be coming to the EU? The EU is pushing to introduce public CbC reporting for multinational companies. This idea of country-by-country (CbC) reporting was an unpalatable one for member states a couple of years ago. However, it now appears to have gained support from the EU […]

UK Set to Join New Trading Partnership The UK is set to join a new trading partnership. The UK has recently requested to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). CPTPP The CPTPP is an 11-party multilateral free trade agreement (FTA) that includes several Asia-Pacific countries. This new trading […]