BREXIT COULD MEAN GREATER TAX COMPLEXITIES FOR IRELAND
May 1st, 2016
SHOULD the United Kingdom (UK) elect to exit the European Union (EU) in the referendum on June 23rd [CHECKED], the tax impact on Ireland would be considerable, claimed managing director at Hughes Blake, a leading chartered accountants firm in Dublin. Direct taxes are already levied on a national basis, so the impact would be greatest on indirect taxes, such as duties, tariffs and VAT. For example, a so-called 'Brexit' could mean the addition of tariffs on the import of goods from the UK into EU member states such as Ireland and vice versa.
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