The Court of Justice of the European Union (CJEU) has begun hearing an appeal of a ruling that Apple did not receive illegal state aid from Ireland and does not have to pay €14 billion in back taxes. The European Commission concluded in 2016 that Ireland broke EU state aid rules by granting und
Legislation providing for a windfall tax on massive profits in the energy sector has moved forward with the government's approval of the general scheme. The Energy (Windfall Gains in the Energy Sector) Bill 2023 will introduce a "temporary solidarity contribution" based on taxable profits in the fos
The maximum jail sentence for tax fraud in the UK will double from seven to 14 years for the most "egregious" forms of evasion. The Treasury announced the change in last week's spring budget and said it will consult on the introduction of a new criminal offence for promoters of tax avoidance wh
Matheson partner Mark O'Sullivan and senior associate Anna Crowley examine how Ireland is persevering as an attractive destination for foreign direct investment. 2022 was another year when major changes affecting global tax rules were agreed and as a result the tax landscape in Ireland is likely to
Global law firm Dentons has recruited Niamh Keogh as a tax partner in its Dublin office. Ms Keogh joins the firm from Mason Hayes & Curran, where she is currently a partner and co-head of tax.
Ireland must quickly move its corporation tax regime to a territorial system of taxation to avoid being at a "major competitive disadvantage" to other countries, some of the largest corporate law firms in the State have told the government. The government last year launched a consultation on Ireland
The UK Supreme Court has determined that HM Revenue and Customs has the power to refuse to accept a taxable person’s self-assessment claim and decide at a later date to pay a lower amount than was claimed after an appeal by a Scottish optician business. DCM Optical Holdings Ltd, which trades a
A public consultation has been launched to seek views on greater fiscal devolution to Northern Ireland. The consultation, which follows the publication of a report on greater powers by the Fiscal Commission in May 2022, will run until Tuesday 29 November 2022.
Matheson LLP has been named Ireland's tax firm of the year for the third consecutive year at the International Tax Review (ITR) EMEA Tax Awards 2022. The firm was chosen from a shortlist of the country’s largest legal and accounting firms following a comprehensive client and peer research pro
High Court: Distillery had legitimate expectation that pandemic supply of sanitiser would be free from excise duty
The High Court has ruled that a gin distiller who produced hand sanitiser during the beginning of the Covid pandemic had a legitimate expectation that the product would be free from excise duty. The court held that there was an implied representation by the Revenue Commissioners that no excise duty
A new specialist bar association for tax practitioners is set to be launched this Thursday afternoon. The launch will be addressed by Conor Kennedy, a barrister and member of the Tax Appeals Commission (TAC), and Ciaran Ramsay SC, chair of the new Tax Bar Association.
Modern flapjacks are sweets and not cakes, the UK's tax tribunal has ruled – with enormous tax implications for manufacturers. In a case with echoes of the famous dispute over whether Jaffa Cakes are cakes or biscuits, the First-Tier Tribunal (Tax Chamber) said flapjacks made by Glanbia are to
Elizabeth Quinn, partner at Mason Hayes & Curran (MHC), examines the rulings in two recent Supreme Court cases brought against the Revenue Commissioners. We review the facts of two recent decisions from the Irish Supreme Court which refused two taxpayers' permission to appeal against judgments o
The Irish government should establish an Office of Tax Reform modelled on the UK's Office of Tax Simplification, the British Irish Chamber of Commerce (BICC) has said. In a submission to the Commission on Taxation and Welfare, the BICC said the proposed body would recommend and advise the government
Proposals for Ireland to adopt a territorial tax system, where corporations would only pay tax in Ireland on income and gains earned in Ireland, have gone out to public consultation. The government's roadmap for updating corporation tax, which was published in January, included a commitment to consi