26 January 2021
Brian Daly, Head of Brexit, outlines elements of the Withdrawal Agreement which are designed to achieve frictionless trade on the island of Ireland and maintain North-South cooperation:
- The maintenance of the Common Travel Area between Ireland and the UK.
- Regulatory alignment on agricultural products and industrial goods (note that this does not extend to services).
- Northern Ireland should benefit from both membership of the EU’s Customs Union and membership of the UK’s Customs territory.
- Northern Ireland should remain part of the UK VAT area but EU VAT rules concerning goods will continue to apply in NI.
- An all island Single Electricity Market will be maintained.
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Brexit deal agreed: Sections
- Introduction
- Business Impact and Planning: In Ireland
- Business Impact and Planning: In Northern Ireland
- Suggested Business Planning Framework
- Key Dates to be aware of
- The Trade and Cooperation Agreement (TCA)
- The Withdrawal Agreement
- The Northern Ireland Protocol
- The Brexit Omnibus Act enacted in Ireland
- VAT and Customs: The Rules of Origin
- Key VAT and Customs actions for Irish businesses to take
- Key VAT and Customs actions for Northern Ireland businesses to take
- An explanation of the key VAT and Customs measures
- Impact on employees' mobility – immigration and social security
- Impact on Financial Services
- Impact on Services
- Impact on Data movements
- Impact on Direct Tax matters
- Impact on some Company Law provisions
