Questions and Answers
Our company Directors are in the UK. Do we need to do anything to prepare for Brexit?
We trade through an Irish Company but all of the Directors are based in the UK. Will we need to make any preparations prior to the end of the Brexit transition period on 31 December 2020?
- Appoint another director who is a resident in the European Economic Area (EEA);
- Put in place the Section 137 Revenue Bond; or
- Provide a Real & Continuous Link to Ireland. Please note this option will require Revenue approval and several Irish-based employees.
Date published 1 Dec 2020 | Last updated 1 Dec 2020This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
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