Matheson

Michelle Daly of Matheson looks at the key features included in Ireland’s guidance notes concerning the practical application of DAC6

Ireland's High Court recently considered the powers of the Irish Revenue Commissioners (Revenue) and their ability to obtain information from a third party in its decision regarding Florence Carey v. A Company (2019, IEHC 90).

On October 9 2018, Ireland's Minister for Finance, Public Expenditure and Reform Paschal Donohoe announced budget 2019. On October 18 2018, the draft legislation to implement the budget was published. In furtherance of Ireland's obligations under the EU Anti-Tax Avoidance Directive (ATAD), Donohoe announced the introduction of a new controlled foreign companies (CFC) regime and an ATAD-compliant exit charge. The exit charge took effect from October 10 2018 and the CFC rules will apply to accounting periods beginning on or after January 1 2019.