Companies (Miscellaneous Provisions) (Covid-19) Act 2020: Five Key Aspects The Companies (Miscellaneous Provisions) (Covid-19) Act 2020 has been signed into law. The act has been welcomed by companies and industry as it clarifies certain company law issues faced by companies during the Covid-19 pandemic. Find out how to counteract some […]
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Frustration of Contracts in the Context of Covid-19 Frustration of Contracts in the Context of Covid-19 where contractual obligations can no longer be performed as a result of unforeseen circumstances that are beyond the control of either party. In the event there is no “force majeure” clause in a contract, […]
Revenue Releases Guidance on ‘Hybrid Mismatches’ Revenue Releases Guidance on ‘Hybrid Mismatches’ tax rules. The guidance from Revenue explains the anti-hybrid rules included the first and second EU Anti-Tax Avoidance Directives (ATAD 1 and ATAD 2), which EU states were required to adopt in January 2019 and January 2020. Find […]
IASB Issues Classification of Liabilities as Current or Non-Current Let’s start with a little bit of background. IAS 1 states that if a company has an unconditional right to delay settlement of a liability for at least 12 months from the end of the reporting period. Then it can be […]
Budget 2021 In the latest City Paper we outline the key measures, from a Tax and Corporate Tax perspective, of Budget 2021. The Government have implemented a lot of changes on the back of the Covid-19 pandemic. Find out more and download our latest CityPaper.
Directors of Regulated Funds – Questions you Should Ask During Times of Market Turbulence Directors of regulated funds or of an externally managed investment fund in Ireland are monitors of the appointed management company and associated delegates. Directors will also typically monitor investment performance, delegate service performance and the risk […]
Ireland as a Holding Company Location Due to changes in Irish government fiscal policy over several years, Ireland has become a favoured location for holding companies for many US & UK international trading corporations. Find out why and the benefits in this CityPaper.
Irish Companies Memo 2020 Irish companies can be used for a variety of trading and licensing activities. Ireland is a member of the EU and has adopted the Euro but it remains a low tax jurisdiction relative to the majority of other European countries. For these reasons Ireland remains a […]
Directors’ Compliance Statements – An Overview The Companies Act 2014 imposes an obligation on directors of all PLCs and large private companies to make an annual compliance statement in the Directors’ Report that forms part of the company’s statutory financial statement. Find out more in this CityPaper.
Financial Reporting and Board Consideration We are quickly learning the far reaching implications of the Covid-19 pandemic. One area that should not be overlooked is the area of financial reporting. Find out more in this CityPaper.